NQ US Backtesting

NQ US Ind Metals Mining Lg M -- USA Index  

 1,164  7.34  0.63%

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

NQ US 'What if' Analysis

January 25, 2018
No Change 0.00  0.0%
In 31 days
February 24, 2018
If you would invest  0.00  in NQ US on January 25, 2018 and sell it all today you would earn a total of 0.00 from holding NQ US Ind Metals Mining Lg M or generate 0.0% return on investment in NQ US over 30 days.

NQ US Upside/Downside Indicators


NQ US Market Premium Indicators

NQ US Ind lagged returns against current returns

 Current and Lagged Values 

NQ US regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NQ US Ind Backtested Returns

NQ US Ind retains Efficiency (Sharpe Ratio) of -0.0511 which conveys that NQ US Ind had -0.0511% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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. NQ US exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index owns Beta (Systematic Risk) of 0.0 which conveys that the returns on MARKET and NQ US are completely uncorrelated. Even though it is essential to pay attention to NQ US Ind existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. NQ US exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.45) 

Modest reverse predictability

NQ US Ind Metals Mining Lg M has modest reverse predictability. Overlapping area represents the amount of predictability between NQ US time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 NQ US Ind price movement. The serial correlation of -0.45 indicates that just about 45.0% of current NQ US price fluctuation can be explain by its past prices. Given that NQ US Ind Metals Mining Lg M has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NQ US for similar time interval.
Correlation Coefficient -0.45
Spearman Rank Test -0.82
Price Variance 1155.43
Lagged Price Variance 1026.66

NQ US Lagged Returns

 Regressed Prices 

NQ US Performance vs DOW

The median price of NQ US for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 1177.43 with a coefficient of variation of 4.61. The daily time series for the period is distributed with a sample standard deviation of 53.86, arithmetic mean of 1168.28, and mean deviation of 44.34. The Index received some media coverage during the period.
Price Growth (%)  
Exercise or conversion by David Burritt of 18260 shares of U...02/21/2018