NQFI (Finland) Backtesting

NQFI -- Finland Index  

 1,369  13.06  0.95%

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

NQFI 'What if' Analysis

June 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 24, 2019
0.00
If you would invest  0.00  in NQFI on June 25, 2019 and sell it all today you would earn a total of 0.00 from holding NQFI or generate 0.0% return on investment in NQFI over 60 days.

NQFI Upside/Downside Indicators

Information Ratio(0.041652)
Maximum Drawdown4.46
Value At Risk(1.56)
Potential Upside1.4

NQFI Market Premium Indicators

Risk Adjusted Performance(0.14)
Total Risk Alpha(0.046097)

NQFI Backtested Returns

NQFI has Sharpe Ratio of -0.1407 which conveys that the entity had -0.1407% of return per unit of risk over the last 2 months. Macroaxis philosophy in 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. NQFI 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 NQFI are completely uncorrelated. Even though it is essential to pay attention to NQFI price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy in 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. NQFI exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.19 
correlation synergy

Very weak predictability

NQFI has very weak predictability. Overlapping area represents the amount of predictability between NQFI time series from June 25, 2019 to July 25, 2019 and July 25, 2019 to August 24, 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 NQFI price movement. The serial correlation of 0.19 indicates that over 19.0% of current NQFI price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.71
Residual Average0.0
Price Variance564.45

NQFI lagged returns against current returns

 Current and Lagged Values 
      Timeline 

NQFI regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

NQFI Lagged Returns

 Regressed Prices 
      Timeline 

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See also NQFI Hype Analysis, NQFI Correlation, Portfolio Optimization, NQFI Volatility as well as analyze NQFI Alpha and Beta and NQFI Performance. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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