We consider BlackRock ISF not too risky. BlackRock ISF North
secures Sharpe Ratio (or Efficiency) of 0.1078 which signifies that BlackRock ISF North
had 0.1078% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing 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 BlackRock ISF North America Idx which you can use to evaluate future volatility of the entity. Please confirm BlackRock ISF North to double-check if risk estimate we provide are consistent with the epected return of 0.0917%. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BlackRock ISF are completely uncorrelated. Although it is extremely important to respect BlackRock ISF North
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing 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 analyzing BlackRock ISF North technical indicators
you can presently evaluate if the expected return of 0.0917% will be sustainable into the future.
|15 days auto-correlation||(0.47) |
Modest reverse predictability
BlackRock ISF North America Idx has modest reverse predictability. Overlapping area represents the amount of predictability between BlackRock ISF time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 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 BlackRock ISF North price movement. The serial correlation of -0.47 indicates that about 47.0% of current BlackRock ISF price fluctuation can be explain by its past prices. Given that BlackRock ISF North America Idx has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BlackRock ISF for similar time interval.
|Correlation Coefficient|| -0.47|
|Price Variance|| 0.06|
|Lagged Price Variance|| 0.02|
|Average Price|| 23.27|