NQEGT Backtested Returns
has Sharpe Ratio of 0.3647 which conveys that NQEGT
had 0.3647% of return per unit of risk over the last 1 month. Our philosophy in estimating volatility of a index is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty technical indicators
for NQEGT which you can use to evaluate future volatility of the organization. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NQEGT are completely uncorrelated. Although it is vital to follow to NQEGT price patterns
, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns
. The philosophy in estimating future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting NQEGT technical indicators
you can now evaluate if the expected return of 0.255% will be sustainable into the future.
|15 days auto-correlation|| 0.21 |
NQEGT has weak predictability. Overlapping area represents the amount of predictability between NQEGT time series from December 23, 2017 to January 7, 2018 and January 7, 2018 to January 22, 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 NQEGT price movement. The serial correlation of 0.21 indicates that over 21.0% of current NQEGT price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.21|
|Spearman Rank Test|| 0.26|
|Price Variance|| 93.67|
|Lagged Price Variance|| 78.89|
NQEGT Lagged Returns