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.
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.