Macroaxis considers WP Income to be not too volatile. WP Income Plus
retains Efficiency (Sharpe Ratio) of -0.0099 which attests that the fund had -0.0099% of return per unit of price deviation over the last 3 months. Macroaxis approach 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
. WP Income exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WP Income Plus Fund Institution Market Risk Adjusted Performance
of 0.0902 and Standard Deviation
of 0.8832 to validate risk estimate we provide. The entity owns Beta (Systematic Risk) of -0.2693 which attests that as returns on market increase, returns on owning WP Income are expected to decrease at a much smaller rate. During bear market, WP Income is likely to outperform the market. Even though it is essential to pay attention to WP Income Plus
existing price patterns
, it is always good to be careful when utilizing equity price patterns
. Macroaxis approach 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
. WP Income exposes twenty-one different technical indicators which can help you to evaluate its performance.
WP Income Plus Fund Institution has average predictability. Overlapping area represents the amount of predictability between WP Income time series from July 17, 2019 to August 31, 2019 and August 31, 2019 to October 15, 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 WP Income Plus price movement. The serial correlation of 0.44 indicates that just about 44.0% of current WP Income price fluctuation can be explain by its past prices.