We consider ALPHANATICS CHFUR not too risky. ALPHANATICS CHFUR
secures Sharpe Ratio (or Efficiency) of 0.0033 which signifies that ALPHANATICS CHFUR
had 0.0033% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a fund is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for ALPHANATICS CHFUR which you can use to evaluate future volatility of the entity. Please confirm ALPHANATICS CHFUR to double-check if risk estimate we provide are consistent with the epected return of 0.0024%. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and ALPHANATICS CHFUR are completely uncorrelated. Although it is extremely important to respect ALPHANATICS CHFUR
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By reviewing ALPHANATICS CHFUR technical indicators
you can today evaluate if the expected return of 0.0024% will be sustainable into the future.
|15 days auto-correlation||(0.33) |
Poor reverse predictability
ALPHANATICS CHFUR has poor reverse predictability. Overlapping area represents the amount of predictability between ALPHANATICS CHFUR time series from June 23, 2018 to July 8, 2018 and July 8, 2018 to July 23, 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 ALPHANATICS CHFUR price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current ALPHANATICS CHFUR price fluctuation can be explain by its past prices. Given that ALPHANATICS CHFUR has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ALPHANATICS CHFUR for similar time interval.
|Correlation Coefficient|| -0.33|
|Spearman Rank Test|| 0.8|
|Price Variance|| 0.39|
|Lagged Price Variance|| 0.39|