NZSE (New Zealand) Backtesting

NZ50 -- New Zealand Index  

 8,999  0.000117  0.00%

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

NZSE 'What if' Analysis

May 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 24, 2018
0.00
If you would invest  0.00  in NZSE on May 25, 2018 and sell it all today you would earn a total of 0.00 from holding NZSE or generate 0.0% return on investment in NZSE over 30 days.

NZSE Upside/Downside Indicators

  

NZSE Market Premium Indicators

NZSE Backtested Returns

NZSE has Sharpe Ratio of 0.0067 which conveys that NZSE had 0.0067% 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-eight technical indicators for NZSE 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 NZSE are completely uncorrelated. Although it is extremely important to respect NZSE 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 NZSE technical indicators you can currently evaluate if the expected return of 0.0078% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

NZSE has no correlation between past and present. Overlapping area represents the amount of predictability between NZSE time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 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 NZSE price movement. The serial correlation of 0.0 indicates that just 0.0% of current NZSE price fluctuation can be explain by its past prices.
Average Price 8999.37
Lagged Average Price 8999.37

NZSE lagged returns against current returns

 Current and Lagged Values 
      Timeline 

NZSE regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

NZSE Lagged Returns

 Regressed Prices 
      Timeline 

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See also NZSE Hype Analysis, NZSE Correlation, Portfolio Optimization, NZSE Volatility as well as analyze NZSE Alpha and Beta and NZSE Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.