NASDAQ N America Backtested Returns
NASDAQ N America
has Sharpe Ratio of -0.0929 which conveys that NASDAQ N America
had -0.0929% 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 N 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 N are completely uncorrelated. Even though it is essential to pay attention to NASDAQ N America 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 N exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.61 |
NASDAQ N America Basic Matls Lg has good predictability. Overlapping area represents the amount of predictability between NASDAQ N 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 N America price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current NASDAQ N price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.61|
|Spearman Rank Test|| 0.16|
|Price Variance|| 197.36|
|Lagged Price Variance|| 91.69|
NASDAQ N Lagged Returns