Macroaxis considers ETFS Wheat exceptionally risky given 1 month investment horizon. ETFS Commodity Secur
secures Sharpe Ratio (or Efficiency) of 0.2589 which denotes ETFS Commodity Secur
had 0.2589% of return per unit of return volatility over the last 1 month. Our approach to predicting volatility of a etf is to use all available market data together with company specific technical indicators
that cannot be diversified away. By examining ETFS Commodity Secur technical indicators
you can today evaluate if the expected return of 0.5121% is justified by implied risk. Please utilize ETFS Commodity Secur Downside Deviation
of 1.5 and Mean Deviation
of 1.58 to check if our risk estimates are consistent with your expectations. The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and ETFS Wheat are completely uncorrelated. Although it is vital to follow to ETFS Commodity Secur
historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The approach to predicting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. We have found twenty-one technical indicators
for ETFS Wheat ETC which you can use to evaluate performance of the entity.
|15 days auto-correlation|| 0.25 |
ETFS Wheat ETC has poor predictability. Overlapping area represents the amount of predictability between ETFS Wheat time series from April 24, 2018 to May 9, 2018 and May 9, 2018 to May 24, 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 ETFS Commodity Secur price movement. The serial correlation of 0.25 indicates that over 25.0% of current ETFS Wheat price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.25|
|Average Price|| 0.67|
|Lagged Average Price|| 0.67|