has Sharpe Ratio of -0.3469 which conveys that NQTH
had -0.3469% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy towards 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
. NQTH exposes twenty-eight 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 NQTH are completely uncorrelated. Even though it is essential to pay attention to NQTH price patterns
, it is always good to be careful when utilizing equity historical price patterns
. Macroaxis philosophy towards 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
. NQTH exposes twenty-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.48 |
NQTH has average predictability. Overlapping area represents the amount of predictability between NQTH time series from May 26, 2018 to June 10, 2018 and June 10, 2018 to June 25, 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 NQTH price movement. The serial correlation of 0.48 indicates that about 48.0% of current NQTH price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.48|
|Spearman Rank Test|| 0.66|
|Price Variance|| 1296.66|
|Lagged Price Variance|| 113.57|