Macroaxis considers Robinson Tax to be not too risky. Robinson Tax Advantaged
maintains Sharpe Ratio (i.e. Efficiency) of -0.3272 which implies Robinson Tax Advantaged
had -0.3272% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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
. Robinson Tax Advantaged exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Robinson Tax Advantaged Coefficient Of Variation
of 313.22 and Risk Adjusted Performance of 0.13 to confirm risk estimate we provide. The fund holds Beta of 0.1053 which implies as returns on market increase, Robinson Tax returns are expected to increase less than the market. However during bear market, the loss on holding Robinson Tax will be expected to be smaller as well.. Even though it is essential to pay attention to Robinson Tax Advantaged current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting 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. Robinson Tax Advantaged exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.79) |
Almost perfect reverse predictability
Robinson Tax Advantaged Income C has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Robinson Tax time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 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 Robinson Tax Advantaged price movement. The serial correlation of -0.79 indicates that around 79.0% of current Robinson Tax price fluctuation can be explain by its past prices. Given that Robinson Tax Advantaged Income C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Robinson Tax for similar time interval.
|Spearman Rank Test||-0.76|