Macroaxis considers GAM Star to be not very volatile. GAM Star Global
holds Efficiency (Sharpe) Ratio of -0.051 which attests that GAM Star Global
had -0.051% of return per unit of risk over the last 1 month. Macroaxis approach towards determining 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
. GAM Star Global exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GAM Star to validate risk estimate we provide. The entity retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and GAM Star are completely uncorrelated. Even though it is essential to pay attention to GAM Star Global
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach towards determining 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
. GAM Star Global exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.42) |
Modest reverse predictability
GAM Star Global Quality Instl USD Acc has modest reverse predictability. Overlapping area represents the amount of predictability between GAM Star time series from July 18, 2018 to August 2, 2018 and August 2, 2018 to August 17, 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 GAM Star Global price movement. The serial correlation of -0.42 indicates that just about 42.0% of current GAM Star price fluctuation can be explain by its past prices. Given that GAM Star Global Quality Instl USD Acc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of GAM Star for similar time interval.
|Correlation Coefficient|| -0.42|
|Spearman Rank Test|| -0.36|
|Price Variance|| 0.45|
|Lagged Price Variance|| 0.01|