NQTH Backtested Returns
has Sharpe Ratio of 0.0559 which conveys that NQTH
had 0.0559% of return per unit of standard deviation over the last 1 month. Our philosophy towards 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-one technical indicators
for NQTH 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 NQTH are completely uncorrelated. Although it is extremely important to respect NQTH price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards 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 reviewing NQTH technical indicators
you can currently evaluate if the expected return of 0.0401% will be sustainable into the future.
|15 days auto-correlation|| 0.26 |
NQTH has poor predictability. Overlapping area represents the amount of predictability between NQTH time series from January 19, 2018 to February 3, 2018 and February 3, 2018 to February 18, 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 0.26 indicates that nearly 26.0% of current NQTH price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.26|
|Spearman Rank Test|| 0.33|
|Price Variance|| 166.84|
|Lagged Price Variance|| 115.22|
NQTH Lagged Returns