We consider Robinson Tax not too risky. Robinson Tax Advantaged
maintains Sharpe Ratio (i.e. Efficiency) of 0.1198 which implies Robinson Tax Advantaged
had 0.1198% of return per unit of risk over the last 1 month. Our philosophy towards forecasting 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 Robinson Tax Advantaged which you can use to evaluate future volatility of the fund. Please check Robinson Tax Advantaged Coefficient Of Variation
of 1029.04, Semi Deviation
of 0.1555 and Risk Adjusted Performance
of 0.0845 to confirm if risk estimate we provide are consistent with the epected return of 0.0329%. The fund holds Beta of 0.0265 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.. Although it is extremely important to respect Robinson Tax Advantaged
current trending patterns, it is better to be realistic regarding the information on equity existing price patterns
. The philosophy towards forecasting 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 Robinson Tax Advantaged technical indicators
you can presently evaluate if the expected return of 0.0329% will be sustainable into the future.
|15 days auto-correlation||(0.81) |
Excellent reverse predictability
Robinson Tax Advantaged Income C has excellent reverse predictability. Overlapping area represents the amount of predictability between Robinson Tax time series from October 21, 2018 to November 5, 2018 and November 5, 2018 to November 20, 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 -0.81 indicates that around 81.0% 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||-0.07|