secures Sharpe Ratio (or Efficiency) of -0.1355 which signifies that the index had -0.1355% of return per unit of risk over the last 3 months. Macroaxis approach towards foreseeing risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. BSE exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BSE are completely uncorrelated. Even though it is essential to pay attention to BSE
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards foreseeing future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. BSE exposes twenty-one different technical indicators which can help you to evaluate its performance.
Insignificant reverse predictability
BSE has insignificant reverse predictability. Overlapping area represents the amount of predictability between BSE time series from June 19, 2019 to August 3, 2019 and August 3, 2019 to September 17, 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 BSE price movement. The serial correlation of -0.12 indicates that less than 12.0% of current BSE price fluctuation can be explain by its past prices. Given that BSE has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BSE for similar time interval.