retains Efficiency (Sharpe Ratio) of -0.0161 which attests that the entity had -0.0161% of return per unit of return volatility over the last 3 months. Macroaxis approach to determining 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
. IPC exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The index owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IPC are completely uncorrelated. Even though it is essential to pay attention to IPC
existing price patterns
, it is always good to be careful when utilizing equity price patterns
. Macroaxis approach to determining 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
. IPC exposes twenty-one different technical indicators which can help you to evaluate its performance.
Excellent reverse predictability
IPC has excellent reverse predictability. Overlapping area represents the amount of predictability between IPC 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 IPC price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current IPC price fluctuation can be explain by its past prices. Given that IPC has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IPC for similar time interval.