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.
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.