We consider Zacks Market very steady. Zacks Market Neutral
shows Sharpe Ratio of 0.0286 which attests that the fund had 0.0286% of return per unit of risk over the last 2 months. Our philosophy towards determining 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 Zacks Market Neutral which you can use to evaluate future volatility of the fund. Please check out Zacks Market Neutral Market Risk Adjusted Performance
of 0.1553 and Mean Deviation
of 0.2177 to validate if risk estimate we provide are consistent with the epected return of 0.0082%. The entity maintains market beta of -0.1279 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. Although it is extremely important to respect Zacks Market Neutral
historical price patterns
, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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 examining Zacks Market Neutral technical indicators
you can presently evaluate if the expected return of 0.0082% will be sustainable into the future.
Excellent reverse predictability
Zacks Market Neutral Institutional has excellent reverse predictability. Overlapping area represents the amount of predictability between Zacks Market time series from May 25, 2019 to June 24, 2019 and June 24, 2019 to July 24, 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 Zacks Market Neutral price movement. The serial correlation of -0.81 indicates that around 81.0% 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.