NQEGT (Egypt) Backtesting

NQEGT -- Egypt Index  

 1,037  11.33  1.08%

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
Investment Horizon     30 Days    Login   to change

NQEGT 'What if' Analysis

October 21, 2017
No Change 0.00  0.0%
In 31 days
November 20, 2017
If you would invest  0.00  in NQEGT on October 21, 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 -0.0171 which conveys that NQEGT had -0.0171% of return per unit of risk over the last 1 month. Macroaxis philosophy in 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. NQEGT exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NQEGT are completely uncorrelated. Even though it is essential to pay attention to NQEGT price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy in 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. NQEGT 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) 

Almost perfect reverse predictability

NQEGT has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NQEGT time series from October 21, 2017 to November 5, 2017 and November 5, 2017 to November 20, 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 NQEGT price movement. The serial correlation of -0.79 indicates that around 79.0% of current NQEGT price fluctuation can be explain by its past prices. Given that NQEGT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NQEGT for similar time interval.
Correlation Coefficient -0.79
Spearman Rank Test -0.32
Price Variance 245.03
Lagged Price Variance 175.37

NQEGT Lagged Returns

 Regressed Prices 

NQEGT Performance vs NQEGT

The median price of NQEGT for the period between Sat, Oct 21, 2017 and Mon, Nov 20, 2017 is 1062.72 with a coefficient of variation of 1.55. The daily time series for the period is distributed with a sample standard deviation of 16.45, arithmetic mean of 1062.2, and mean deviation of 14.02. The Index did not receive any noticable media coverage during the period.
Price Growth (%)