Macroaxis considers Man GLG to be not too risky. Man GLG European
has Sharpe Ratio of -0.0987 which conveys that Man GLG European
had -0.0987% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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
. Man GLG exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Man GLG European Equity D EUR Acc Mean Deviation
of 0.5397 and Risk Adjusted Performance
of 0.08 to check out risk estimate we provide. The fund secures Beta (Market Risk) of 0.307 which conveys that as returns on market increase, Man GLG returns are expected to increase less than the market. However during bear market, the loss on holding Man GLG will be expected to be smaller as well.. Even though it is essential to pay attention to Man GLG European price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Man GLG exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.75) |
Almost perfect reverse predictability
Man GLG European Equity D EUR Acc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Man GLG time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 Man GLG European price movement. The serial correlation of -0.75 indicates that around 75.0% of current Man GLG price fluctuation can be explain by its past prices. Given that Man GLG European Equity D EUR Acc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Man GLG for similar time interval.
|Correlation Coefficient|| -0.75|
|Spearman Rank Test|| -0.71|
|Price Variance|| 1.19|
|Lagged Price Variance|| 8.49|