Macroaxis considers Vanguard European to be not very risky. Vanguard European Stk
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2309 which indicates Vanguard European Stk
had -0.2309% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Vanguard European Stk Idx Inst EUR exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vanguard European to confirm risk estimate we provide. The entity has beta of 0.0 which indicates the returns on MARKET and Vanguard European are completely uncorrelated. Even though it is essential to pay attention to Vanguard European Stk
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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
. Vanguard European Stk Idx Inst EUR 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
Vanguard European Stk Idx Inst EUR has no correlation between past and present. Overlapping area represents the amount of predictability between Vanguard European time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 Vanguard European Stk price movement. The serial correlation of 0.0 indicates that just 0.0% of current Vanguard European price fluctuation can be explain by its past prices.
|Spearman Rank Test|| -0.3|
|Price Variance|| 0.13|
|Lagged Price Variance|| 0.23|
|Average Price|| 19.98|