NASDAQ UK (UK) Backtesting

NQGB -- UK Index  

 1,003  8.91  0.90%

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

NASDAQ UK 'What if' Analysis

March 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
May 24, 2019
0.00
If you would invest  0.00  in NASDAQ UK on March 25, 2019 and sell it all today you would earn a total of 0.00 from holding NASDAQ UK or generate 0.0% return on investment in NASDAQ UK over 60 days.

NASDAQ UK Upside/Downside Indicators

Information Ratio(0.18)
Maximum Drawdown3.35
Value At Risk(0.85)
Potential Upside0.9883

NASDAQ UK Market Premium Indicators

Risk Adjusted Performance(0.11)
Total Risk Alpha(0.11)

NASDAQ UK Backtested Returns

NASDAQ UK has Sharpe Ratio of -0.0892 which conveys that the index had -0.0892% of return per unit of standard deviation over the last 2 months. Macroaxis approach into 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. NASDAQ UK exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ UK are completely uncorrelated. Even though it is essential to pay attention to NASDAQ UK price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis approach into 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. NASDAQ UK exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.64) 
correlation synergy

Very good reverse predictability

NASDAQ UK has very good reverse predictability. Overlapping area represents the amount of predictability between NASDAQ UK time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 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 NASDAQ UK price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current NASDAQ UK price fluctuation can be explain by its past prices. Given that NASDAQ UK has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NASDAQ UK for similar time interval.
Correlation Coefficient-0.64
Spearman Rank Test-0.74
Residual Average0.0
Price Variance273.31

NASDAQ UK lagged returns against current returns

 Current and Lagged Values 
      Timeline 

NASDAQ UK regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

NASDAQ UK Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - NQGB

NASDAQ UK Investor Sentiment

Most of Macroaxis investors are at this time bullish on NASDAQ UK. What is your trading attitude regarding investing in UK companies? Are you bullish or bearish on NASDAQ UK?
Bullish
Bearish
98% Bullish
2% Bearish
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See also NASDAQ UK Hype Analysis, NASDAQ UK Correlation, Portfolio Optimization, NASDAQ UK Volatility as well as analyze NASDAQ UK Alpha and Beta and NASDAQ UK Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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