Macroaxis considers Hermes Asia to be extremely risky. Hermes Asia Ex
holds Efficiency (Sharpe) Ratio of -0.1348 which attests that Hermes Asia Ex
had -0.1348% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. Hermes Asia Ex exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hermes Asia to validate risk estimate we provide. The fund retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Hermes Asia are completely uncorrelated. Even though it is essential to pay attention to Hermes Asia Ex
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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
. Hermes Asia Ex exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.25) |
Weak reverse predictability
Hermes Asia Ex Japan Equity C EUR Acc has weak reverse predictability. Overlapping area represents the amount of predictability between Hermes Asia time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 Hermes Asia Ex price movement. The serial correlation of -0.25 indicates that over 25.0% of current Hermes Asia price fluctuation can be explain by its past prices. Given that Hermes Asia Ex Japan Equity C EUR Acc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hermes Asia for similar time interval.
|Correlation Coefficient|| -0.25|
|Spearman Rank Test|| -0.4|
|Lagged Price Variance|| 0.01|
|Average Price|| 2.8|