Macroaxis considers Zacks Market to be not too risky. Zacks Market Neutral
shows Sharpe Ratio of -0.2426 which attests that Zacks Market Neutral
had -0.2426% 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 Mean Deviation
of 0.2239 to validate risk estimate we provide. The entity maintains market beta of 0.0 which attests that the returns on MARKET and Zacks Market are completely uncorrelated. 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||(0.24) |
Weak reverse predictability
Zacks Market Neutral Institutional has weak reverse predictability. Overlapping area represents the amount of predictability between Zacks Market time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 -0.24 indicates that over 24.0% of current Zacks Market price fluctuation can be explain by its past prices. Given that Zacks Market Neutral Institutional has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Zacks Market for similar time interval.
|Spearman Rank Test||-0.45|