All Ordinaries Index - Following 4 Consecutive Down Weeks
The All Ordinaries Index has just recorded 4 consecutive down weeks. Since 2000, following this type of weekly downward persistence, the 6-week forward interval had a tendency to yield a reasonable result. 6-week average return 3.58%, 17 up, 4 down, median 4.04%, standard deviation 5.84%, maximum 16.06%, minimum -9.40%.
Adding a volatility trending higher filter to this data (50-day average of absolute daily deviation is higher than 200-day average of absolute daily deviation), & reducing the outlook period from weekly to daily, suggests a reasonable 19-day forward outcome. 19-day average return 4.22%, 10 up, 1 down, median 4.21%, standard deviation 5.35%, maximum 11.54%, minimum -8.19%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Adding a volatility trending higher filter to this data (50-day average of absolute daily deviation is higher than 200-day average of absolute daily deviation), & reducing the outlook period from weekly to daily, suggests a reasonable 19-day forward outcome. 19-day average return 4.22%, 10 up, 1 down, median 4.21%, standard deviation 5.35%, maximum 11.54%, minimum -8.19%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.