Macroaxis considers Hancock Horizon to be not too risky. Hancock Horizon Dive
holds Efficiency (Sharpe) Ratio of -0.096 which attests that Hancock Horizon Dive
had -0.096% of return per unit of risk over the last 1 month. Macroaxis philosophy 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
. Hancock Horizon Dive exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hancock Horizon Market Risk Adjusted Performance
of 0.08 and Risk Adjusted Performance of 0.022988 to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of 0.1442 which attests that as returns on market increase, Hancock Horizon returns are expected to increase less than the market. However during bear market, the loss on holding Hancock Horizon will be expected to be smaller as well.. Even though it is essential to pay attention to Hancock Horizon Dive current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy 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. Hancock Horizon Dive exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.26 |
Hancock Horizon Diversified Income C has poor predictability. Overlapping area represents the amount of predictability between Hancock Horizon time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 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 Hancock Horizon Dive price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Hancock Horizon price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.67|