NB EM (Ireland) Backtesting

24993596 -- Ireland Fund  

USD 8.61  0.05  0.58%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of NB EM LOC USD I2 AC and determine expected loss or profit from investing in NB EM over given investment horizon. Check also NB EM Hype Analysis, NB EM Correlation, Portfolio Optimization, NB EM Volatility as well as analyze NB EM Alpha and Beta and NB EM Performance.
 Time Horizon     30 Days    Login   to change

NB EM 'What if' Analysis

July 19, 2018
No Change 0.00  0.0%
In 31 days
August 18, 2018
If you would invest  0.00  in NB EM on July 19, 2018 and sell it all today you would earn a total of 0.00 from holding NB EM LOC USD I2 AC or generate 0.0% return on investment in NB EM over 30 days.

NB EM Upside/Downside Indicators

Information Ratio0.005943
Maximum Drawdown15.78
Value At Risk7.58
Potential Upside8.2

NB EM Market Premium Indicators

Risk Adjusted Performance0.0198
Jensen Alpha0.181
Total Risk Alpha0.69
Treynor Ratio0.07

NB EM LOC Backtested Returns

Macroaxis considers NB EM extremely risky given 1 month investment horizon. NB EM LOC retains Efficiency (Sharpe Ratio) of 0.0824 which conveys that NB EM LOC had 0.0824% of return per unit of price deviation over the last 1 month. Our way in which we are estimating volatility of a fund is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing NB EM LOC technical indicators you can at this moment evaluate if the expected return of 0.5245% is justified by implied risk. Please exercise NB EM LOC USD I2 AC Standard Deviation of 4.22, Market Risk Adjusted Performance of 0.06 and Mean Deviation of 2.21 to check out if our risk estimates are consistent with your expectations. The entity owns Beta (Systematic Risk) of -1.063 which conveys that . Although it is vital to follow to NB EM LOC existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The way in which we are estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for NB EM which you can use to evaluate performance of the entity.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(1.00) 

Near perfect reversele predictability

NB EM LOC USD I2 AC has near perfect reversele predictability. Overlapping area represents the amount of predictability between NB EM time series from July 19, 2018 to August 3, 2018 and August 3, 2018 to August 18, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NB EM LOC price movement. The serial correlation of -1.0 indicates that 100.0% of current NB EM price fluctuation can be explain by its past prices. Given that NB EM LOC USD I2 AC has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NB EM for similar time interval.
Correlation Coefficient -1.0
Spearman Rank Test -1.0
Price Variance 0.44
Lagged Price Variance 0.1

NB EM LOC lagged returns against current returns

 Current and Lagged Values 

NB EM regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NB EM Lagged Returns

 Regressed Prices 

Current Sentiment - 24993596

NB EM LOC Investor Sentiment
Macroaxis portfolio users are unresponsive in their sentiment towards investing in NB EM LOC USD I2 AC. What is your trading attitude regarding investing in NB EM LOC USD I2 AC? Are you bullish or bearish?
50% Bullish
50% Bearish

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
Check also NB EM Hype Analysis, NB EM Correlation, Portfolio Optimization, NB EM Volatility as well as analyze NB EM Alpha and Beta and NB EM Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.