Macroaxis considers Mediolanum to be not too risky. Mediolanum Ch Provident
has Sharpe Ratio of -0.6229 which conveys that Mediolanum Ch Provident
had -0.6229% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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
. Mediolanum exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Mediolanum Ch Provident 3 Mean Deviation
of 0.1927 and Risk Adjusted Performance
of 0.043652 to check out risk estimate we provide. The fund secures Beta (Market Risk) of -0.1156 which conveys that as returns on market increase, returns on owning Mediolanum are expected to decrease at a much smaller rate. During bear market, Mediolanum is likely to outperform the market.. Even though it is essential to pay attention to Mediolanum Ch Provident price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Mediolanum 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
Mediolanum Ch Provident 3 has no correlation between past and present. Overlapping area represents the amount of predictability between Mediolanum 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 Mediolanum Ch Provident price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mediolanum price fluctuation can be explain by its past prices.
|Spearman Rank Test||-1.0|