has Sharpe Ratio of 0.0921 which conveys that the entity had 0.0921% of return per unit of risk over the last 2 months. Our philosophy in estimating volatility of an index is to use all available market data together with index specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for NQEGT 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 NQEGT are completely uncorrelated. Although it is extremely important to respect NQEGT price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy in 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 inspecting NQEGT technical indicators
you can now evaluate if the expected return of 0.0668% will be sustainable into the future.
Almost perfect reverse predictability
NQEGT has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NQEGT time series from June 24, 2019 to July 24, 2019 and July 24, 2019 to August 23, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NQEGT price movement. The serial correlation of -0.8 indicates that around 80.0% of current NQEGT price fluctuation can be explain by its past prices. Given that NQEGT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NQEGT for similar time interval.