NQEGT (Egypt) Backtesting

NQEGT -- Egypt Index  

 1,166  0.61  0.0523%

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

NQEGT 'What if' Analysis

December 23, 2017
No Change 0.00  0.0%
In 31 days
January 22, 2018
If you would invest  0.00  in NQEGT on December 23, 2017 and sell it all today you would earn a total of 0.00 from holding NQEGT or generate 0.0% return on investment in NQEGT over 30 days. NQEGT is entity of Egypt. It is traded as Index on Index exchange.

NQEGT Upside/Downside Indicators


NQEGT Market Premium Indicators

NQEGT lagged returns against current returns

 Current and Lagged Values 

NQEGT regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NQEGT Backtested Returns

NQEGT 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.21 

Weak predictability

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

 Regressed Prices 

NQEGT Performance vs NQEGT

The median price of NQEGT for the period between Sat, Dec 23, 2017 and Mon, Jan 22, 2018 is 1135.51 with a coefficient of variation of 1.86. The daily time series for the period is distributed with a sample standard deviation of 21.05, arithmetic mean of 1133.77, and mean deviation of 17.36. The Index did not receive any noticable media coverage during the period.
Price Growth (%)