Macroaxis considers PRIN GBL to be not too risky. PRIN GBL PRO
maintains Sharpe Ratio (i.e. Efficiency) of -0.6207 which implies PRIN GBL PRO
had -0.6207% of return per unit of volatility over the last 1 month. Macroaxis approach towards forecasting 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
. PRIN GBL PRO exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check PRIN GBL PRO Risk Adjusted Performance
of 0.1473 to confirm risk estimate we provide. The fund holds Beta of 0.5191 which implies as returns on market increase, PRIN GBL returns are expected to increase less than the market. However during bear market, the loss on holding PRIN GBL will be expected to be smaller as well.. Even though it is essential to pay attention to PRIN GBL PRO
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis approach towards forecasting 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
. PRIN GBL PRO 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
PRIN GBL PRO JPY I has no correlation between past and present. Overlapping area represents the amount of predictability between PRIN GBL 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 PRIN GBL PRO price movement. The serial correlation of 0.0 indicates that just 0.0% of current PRIN GBL price fluctuation can be explain by its past prices.
|Average Price|| 1283.72|
|Lagged Average Price|| 1283.72|