We consider BrandywineGLOBAL not too volatile. BrandywineGLOBAL Global
secures Sharpe Ratio (or Efficiency) of 0.0557 which signifies that BrandywineGLOBAL Global
had 0.0557% 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 fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for BrandywineGLOBAL Global Opp Bond C which you can use to evaluate future volatility of the entity. Please confirm BrandywineGLOBAL Global Mean Deviation
of 0.3547 and Risk Adjusted Performance
of 0.0013 to double-check if risk estimate we provide are consistent with the epected return of 0.0246%. The organization shows Beta (market volatility) of 0.2963 which signifies that as returns on market increase, BrandywineGLOBAL returns are expected to increase less than the market. However during bear market, the loss on holding BrandywineGLOBAL will be expected to be smaller as well.. Although it is extremely important to respect BrandywineGLOBAL Global
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 BrandywineGLOBAL Global technical indicators
you can presently evaluate if the expected return of 0.0246% will be sustainable into the future.
|15 days auto-correlation||(0.81) |
Excellent reverse predictability
BrandywineGLOBAL Global Opp Bond C has excellent reverse predictability. Overlapping area represents the amount of predictability between BrandywineGLOBAL time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 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 BrandywineGLOBAL Global price movement. The serial correlation of -0.81 indicates that around 81.0% of current BrandywineGLOBAL price fluctuation can be explain by its past prices. Given that BrandywineGLOBAL Global Opp Bond C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BrandywineGLOBAL for similar time interval.
|Spearman Rank Test||-0.79|