OSE All maintains Sharpe Ratio (i.e. Efficiency) of 0.0481 which implies the entity had 0.0481% of return per unit of risk over the last 3 months. Our philosophy in forecasting volatility of an index is to use all available market data together with index specific
technical indicators that cannot be diversified away. We have found twenty-eight
technical indicators for OSE All which you can use to evaluate future volatility of the index. The index holds Beta of 0.0 which implies the returns on MARKET and OSE All are completely uncorrelated. Although it is extremely important to respect
OSE All current trending patterns, it is better to be realistic regarding the information on equity existing
price patterns. The philosophy in forecasting future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and
technical indicators. By inspecting
OSE All technical indicators you can now evaluate if the expected return of 0.061% will be sustainable into the future.
Insignificant predictability
OSE All has insignificant predictability. Overlapping area represents the amount of predictability between OSE All time series from July 25, 2019 to September 8, 2019 and September 8, 2019 to October 23, 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 OSE All price movement. The serial correlation of 0.11 indicates that less than 11.0% of current OSE All price fluctuation can be explain by its past prices.