We consider 31697536 not too risky. 31697536
retains Efficiency (Sharpe Ratio) of 0.0021 which signifies that 31697536
had 0.0021% of return per unit of price deviation over the last 1 month. Our way in which we are 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 31697536 which you can use to evaluate future volatility of the entity. Please confirm 31697536 to double-check if risk estimate we provide are consistent with the epected return of 0.001%. The entity owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and 31697536 are completely uncorrelated. Although it is extremely important to respect 31697536
existing price patterns
, it is better to be realistic regarding the information on equity price patterns
. The way in which we are 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 evaluating 31697536 technical indicators
you can at this moment evaluate if the expected return of 0.001% will be sustainable into the future.
|15 days auto-correlation|| 1.00 |
31697536 has perfect predictability. Overlapping area represents the amount of predictability between 31697536 time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 31697536 price movement. The serial correlation of 1.0 indicates that 100.0% of current 31697536 price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 1.0|
|Spearman Rank Test|| 1.0|
|Price Variance|| 0.1|
|Lagged Price Variance|| 0.1|