Macroaxis considers AXA Rosenberg to be not too volatile. AXA Rosenberg Eurobloc
retains Efficiency (Sharpe Ratio) of -0.267 which signifies that AXA Rosenberg Eurobloc
had -0.267% of return per unit of risk over the last 1 month. Macroaxis approach towards foreseeing 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
. AXA Rosenberg exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm AXA Rosenberg Eurobloc Eq Alpha E to double-check risk estimate we provide. The organization owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and AXA Rosenberg are completely uncorrelated. Even though it is essential to pay attention to AXA Rosenberg Eurobloc
existing price patterns
, it is always good to be careful when utilizing equity price patterns
. Macroaxis approach towards foreseeing 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
. AXA Rosenberg exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.84) |
Excellent reverse predictability
AXA Rosenberg Eurobloc Eq Alpha E has excellent reverse predictability. Overlapping area represents the amount of predictability between AXA Rosenberg 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 AXA Rosenberg Eurobloc price movement. The serial correlation of -0.84 indicates that around 84.0% of current AXA Rosenberg price fluctuation can be explain by its past prices. Given that AXA Rosenberg Eurobloc Eq Alpha E has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of AXA Rosenberg for similar time interval.
|Correlation Coefficient|| -0.84|
|Spearman Rank Test|| 0.04|
|Price Variance|| 0.02|
|Average Price|| 11.69|