Macroaxis considers Vanguard U to be very steady. Vanguard U S
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0193 which indicates the organization had -0.0193% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Vanguard U S Momentum Factor E exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vanguard U Coefficient Of Variation
of (2,034) and Risk Adjusted Performance of (0.041834) to confirm risk estimate we provide. The entity has beta of -0.0819 which indicates as returns on market increase, returns on owning Vanguard U are expected to decrease at a much smaller rate. During bear market, Vanguard U is likely to outperform the market. Even though it is essential to pay attention to Vanguard U S current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Vanguard U S Momentum Factor E exposes twenty-one different technical indicators which can help you to evaluate its performance.
Very weak reverse predictability
Vanguard U S Momentum Factor E has very weak reverse predictability. Overlapping area represents the amount of predictability between Vanguard U time series from June 19, 2019 to August 3, 2019 and August 3, 2019 to September 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vanguard U S price movement. The serial correlation of -0.01 indicates that just 1.0% of current Vanguard U price fluctuation can be explain by its past prices. Given that Vanguard U S Momentum Factor E has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Vanguard U for similar time interval.