Macroaxis considers Zacks Market to be not too risky. Zacks Market Neutral
shows Sharpe Ratio of -0.0074 which attests that Zacks Market Neutral
had -0.0074% of return per unit of risk over the last 1 month. Macroaxis philosophy 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
. Zacks Market Neutral exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Zacks Market Neutral Market Risk Adjusted Performance
of 0.0972 and Mean Deviation
of 0.3134 to validate risk estimate we provide. The entity maintains market beta of -0.1456 which attests that as returns on market increase, returns on owning Zacks Market are expected to decrease at a much smaller rate. During bear market, Zacks Market is likely to outperform the market.. Even though it is essential to pay attention to Zacks Market Neutral
historical price patterns
, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy 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
. Zacks Market Neutral exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.49 |
Zacks Market Neutral Institutional has average predictability. Overlapping area represents the amount of predictability between Zacks Market time series from October 13, 2018 to October 28, 2018 and October 28, 2018 to November 12, 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 Zacks Market Neutral price movement. The serial correlation of 0.49 indicates that about 49.0% of current Zacks Market price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.48|