Macroaxis considers Adelphi European not too risky given 1 month investment horizon. Adelphi European Select
secures Sharpe Ratio (or Efficiency) of 0.2689 which signifies that Adelphi European Select
had 0.2689% 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 Adelphi European Select Equity D EUR which you can use to evaluate future volatility of the entity. Please makes use of Adelphi European Select to double-check if our risk estimates are consistent with your expectations. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Adelphi European are completely uncorrelated. Although it is extremely important to respect Adelphi European Select
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 Adelphi European Select technical indicators
you can presently evaluate if the expected return of 0.2236% will be sustainable into the future.
|15 days auto-correlation||(0.51) |
Good reverse predictability
Adelphi European Select Equity D EUR has good reverse predictability. Overlapping area represents the amount of predictability between Adelphi European time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 Adelphi European Select price movement. The serial correlation of -0.51 indicates that about 51.0% of current Adelphi European price fluctuation can be explain by its past prices. Given that Adelphi European Select Equity D EUR has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Adelphi European for similar time interval.
|Correlation Coefficient|| -0.51|
|Spearman Rank Test|| -0.46|
|Price Variance|| 2.95|
|Lagged Price Variance|| 4.31|