NASDAQ Global Backtesting

NASDAQ Global Buyback Achievers -- USA Index  

 1,434  2.83  0.2%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of NASDAQ Global Buyback Achievers and determine expected loss or profit from investing in NASDAQ Global over given investment horizon. See also NASDAQ Global Hype Analysis, NASDAQ Global Correlation, Portfolio Optimization, NASDAQ Global Volatility as well as analyze NASDAQ Global Alpha and Beta and NASDAQ Global Performance
Investment Horizon     30 Days    Login   to change

NASDAQ Global 'What if' Analysis

October 20, 2017
No Change 0.00  0.0%
In 31 days
November 19, 2017
If you would invest  0.00  in NASDAQ Global on October 20, 2017 and sell it all today you would earn a total of 0.00 from holding NASDAQ Global Buyback Achievers or generate 0.0% return on investment in NASDAQ Global over 30 days. NASDAQ Global is entity of United States

NASDAQ Global Upside/Downside Indicators


NASDAQ Global Market Premium Indicators

NASDAQ Global Buyback lagged returns against current returns

 Current and Lagged Values 

NASDAQ Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NASDAQ Global Buyback Backtested Returns

NASDAQ Global Buyback has Sharpe Ratio of -0.1321 which conveys that NASDAQ Global Buyback had -0.1321% of return per unit of standard deviation over the last 1 month. Macroaxis approach into estimating 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. NASDAQ Global exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Global are completely uncorrelated. Even though it is essential to pay attention to NASDAQ Global Buyback price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis approach into estimating 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. NASDAQ Global exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.79 

Good predictability

NASDAQ Global Buyback Achievers has good predictability. Overlapping area represents the amount of predictability between NASDAQ Global time series from October 20, 2017 to November 4, 2017 and November 4, 2017 to November 19, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NASDAQ Global Buyback price movement. The serial correlation of 0.79 indicates that around 79.0% of current NASDAQ Global price fluctuation can be explain by its past prices.
Correlation Coefficient 0.79
Spearman Rank Test 0.89
Price Variance 62.72
Lagged Price Variance 27.78

NASDAQ Global Lagged Returns

 Regressed Prices 

NASDAQ Global Performance vs DOW

The median price of NASDAQ Global for the period between Fri, Oct 20, 2017 and Sun, Nov 19, 2017 is 1440.02 with a coefficient of variation of 0.59. The daily time series for the period is distributed with a sample standard deviation of 8.54, arithmetic mean of 1439.11, and mean deviation of 6.17. The Index received some media coverage during the period.
Price Growth (%)  
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