Macroaxis considers JPMorgan India to be not very risky. JPMorgan India Equity
holds Efficiency (Sharpe) Ratio of -0.6864 which attests that JPMorgan India Equity
had -0.6864% of return per unit of volatility over the last 1 month. Macroaxis approach towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. JPMorgan India Equity exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out JPMorgan India to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and JPMorgan India are completely uncorrelated. Even though it is essential to pay attention to JPMorgan India Equity
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. JPMorgan India Equity exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
JPMorgan India Equity Div has no correlation between past and present. Overlapping area represents the amount of predictability between JPMorgan India time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of JPMorgan India Equity price movement. The serial correlation of 0.0 indicates that just 0.0% of current JPMorgan India price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.0|