NASDAQ Italy (Italy) Backtesting

NQIT -- Italy Index  

 1,169  13.05  1.13%

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

NASDAQ Italy 'What if' Analysis

August 17, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 15, 2019
If you would invest  0.00  in NASDAQ Italy on August 17, 2019 and sell it all today you would earn a total of 0.00 from holding NASDAQ Italy or generate 0.0% return on investment in NASDAQ Italy over 90 days.

NASDAQ Italy Upside/Downside Indicators

Downside Deviation0.8698
Information Ratio(0.13)
Maximum Drawdown2.99
Value At Risk(0.22)
Potential Upside1.1

NASDAQ Italy Market Premium Indicators

Risk Adjusted Performance0.1115
Total Risk Alpha(0.014148)
Sortino Ratio(0.07)

NASDAQ Italy Backtested Returns

NASDAQ Italy has Sharpe Ratio of 0.0727 which conveys that the index had 0.0727% of return per unit of standard deviation over the last 3 months. Our approach into 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-eight technical indicators for NASDAQ Italy which you can use to evaluate future volatility of the entity. The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Italy are completely uncorrelated. Although it is extremely important to respect NASDAQ Italy price patterns, it is better to be realistic regarding the information on equity historical price patterns. The approach into 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 NASDAQ Italy technical indicators you can now evaluate if the expected return of 0.0939% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.17) 
correlation synergy

Insignificant reverse predictability

NASDAQ Italy has insignificant reverse predictability. Overlapping area represents the amount of predictability between NASDAQ Italy time series from August 17, 2019 to October 1, 2019 and October 1, 2019 to November 15, 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 Italy price movement. The serial correlation of -0.17 indicates that over 17.0% of current NASDAQ Italy price fluctuation can be explain by its past prices. Given that NASDAQ Italy has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NASDAQ Italy for similar time interval.
Correlation Coefficient-0.17
Spearman Rank Test-0.32
Residual Average0.0
Price Variance750.28

NASDAQ Italy lagged returns against current returns

 Current and Lagged Values 

NASDAQ Italy regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NASDAQ Italy Lagged Returns

 Regressed Prices 

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See also NASDAQ Italy Hype Analysis, NASDAQ Italy Correlation, Portfolio Optimization, NASDAQ Italy Volatility as well as analyze NASDAQ Italy Alpha and Beta and NASDAQ Italy Performance. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.