Macroaxis considers NB EM extremely risky given 1 month investment horizon. NB EM LOC
retains Efficiency (Sharpe Ratio) of 0.0824 which conveys that NB EM LOC
had 0.0824% of return per unit of price deviation over the last 1 month. Our way in which we are estimating volatility of a fund is to use all available market data together with company specific technical indicators
that cannot be diversified away. By analyzing NB EM LOC technical indicators
you can at this moment evaluate if the expected return of 0.5245% is justified by implied risk. Please exercise NB EM LOC USD I2 AC Standard Deviation
of 4.22, Market Risk Adjusted Performance
of 0.06 and Mean Deviation of 2.21 to check out if our risk estimates are consistent with your expectations. The entity owns Beta (Systematic Risk) of -1.063 which conveys that . Although it is vital to follow to NB EM LOC existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The way in which we are estimating 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. We have found twenty-one technical indicators for NB EM which you can use to evaluate performance of the entity.
|15 days auto-correlation||(1.00) |
Near perfect reversele predictability
NB EM LOC USD I2 AC has near perfect reversele predictability. Overlapping area represents the amount of predictability between NB EM time series from July 19, 2018 to August 3, 2018 and August 3, 2018 to August 18, 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 NB EM LOC price movement. The serial correlation of -1.0 indicates that 100.0% of current NB EM price fluctuation can be explain by its past prices. Given that NB EM LOC USD I2 AC has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NB EM for similar time interval.
|Correlation Coefficient|| -1.0|
|Spearman Rank Test|| -1.0|
|Price Variance|| 0.44|
|Lagged Price Variance|| 0.1|