The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Asia are completely uncorrelated. Although it is vital to follow to NASDAQ Asia Cnsmr price patterns, it is good to be conservative about what you can actually do with the information regarding 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 Asia Cnsmr technical indicators you can now evaluate if the expected return of 0.4042% will be sustainable into the future.
|Horizon||30 Days Login to change|
NASDAQ Asia Cnsmr Relative Risk vs. Return LandscapeIf you would invest 182,858 in NASDAQ Asia Cnsmr Goods Lg Md C on September 21, 2019 and sell it today you would earn a total of 1,478 from holding NASDAQ Asia Cnsmr Goods Lg Md C or generate 0.81% return on investment over 30 days. NASDAQ Asia Cnsmr Goods Lg Md C is generating 0.4042% of daily returns and assumes 0.5716% volatility on return distribution over the 30 days horizon. Simply put, 5% of equities are less volatile than NASDAQ Asia and 93% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NASDAQ Asia Market Risk Analysis
Sharpe Ratio = 0.7071
NASDAQ Asia Relative Performance Indicators
Estimated Market Risk