We consider First State not too risky. First State China
secures Sharpe Ratio (or Efficiency) of 0.036 which denotes First State China
had 0.036% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a fund is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for First State China Growth I Acc which you can use to evaluate future volatility of the entity. Please confirm First State China to check if risk estimate we provide are consistent with the epected return of 0.0976%. The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and First State are completely uncorrelated. Although it is extremely important to respect First State China
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By reviewing First State China technical indicators
you can presently evaluate if the expected return of 0.0976% will be sustainable into the future.
|15 days auto-correlation|| 0.01 |
Virtually no predictability
First State China Growth I Acc has virtually no predictability. Overlapping area represents the amount of predictability between First State time series from July 15, 2018 to July 30, 2018 and July 30, 2018 to August 14, 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 First State China price movement. The serial correlation of 0.01 indicates that just 1.0% of current First State price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.01|
|Spearman Rank Test|| -0.33|
|Price Variance|| 12.66|
|Lagged Price Variance|| 3.65|