Macroaxis considers HDFC ST to be not too risky. HDFC ST Opp
holds Efficiency (Sharpe) Ratio of -0.3536 which attests that HDFC ST Opp
had -0.3536% of return per unit of return volatility over the last 1 month. Macroaxis approach into 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
. HDFC ST Opp exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out HDFC ST to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and HDFC ST are completely uncorrelated. Even though it is essential to pay attention to HDFC ST Opp
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach into 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
. HDFC ST Opp 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
HDFC ST Opp Ft Div has no correlation between past and present. Overlapping area represents the amount of predictability between HDFC ST 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 HDFC ST Opp price movement. The serial correlation of 0.0 indicates that just 0.0% of current HDFC ST price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.5|