NASDAQ Italy (Italy) Backtesting

NQIT -- Italy Index  

 1,043  8.02  0.76%

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
SymbolX
Backtest

NASDAQ Italy '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 Italy on March 25, 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 60 days.

NASDAQ Italy Upside/Downside Indicators

Information Ratio(0.18)
Maximum Drawdown3.01
Value At Risk(1.51)
Potential Upside1.12

NASDAQ Italy Market Premium Indicators

Risk Adjusted Performance(0.12)
Total Risk Alpha(0.14)

NASDAQ Italy Backtested Returns

NASDAQ Italy has Sharpe Ratio of -0.1608 which conveys that the index had -0.1608% 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 Italy 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 Italy are completely uncorrelated. Even though it is essential to pay attention to NASDAQ Italy 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 Italy exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.76) 
correlation synergy

Almost perfect reverse predictability

NASDAQ Italy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between NASDAQ Italy 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 Italy price movement. The serial correlation of -0.76 indicates that around 76.0% 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-0.76
Spearman Rank Test-0.75
Residual Average0.0
Price Variance631.48

NASDAQ Italy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

NASDAQ Italy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

NASDAQ Italy Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

Also Currentnly Active

Purchased few shares of
few hours ago
Traded for 197.0
Purchased over 100 shares of
few hours ago
Traded for 2.86
Purchased few shares of
few hours ago
Traded for 161.74
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Search macroaxis.com