The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ DM are completely uncorrelated. Although it is vital to follow to NASDAQ DM MEA 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. We have found twenty-eight technical indicators for NASDAQ DM which you can use to evaluate performance of the entity.
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NASDAQ DM MEA Relative Risk vs. Return LandscapeIf you would invest 244,941 in NASDAQ DM MEA Mid Cap CAD TR In on September 21, 2019 and sell it today you would earn a total of 2,865 from holding NASDAQ DM MEA Mid Cap CAD TR In or generate 1.17% return on investment over 30 days. NASDAQ DM MEA Mid Cap CAD TR In is generating 0.5849% of daily returns and assumes 0.8271% volatility on return distribution over the 30 days horizon. Simply put, 7% of equities are less volatile than NASDAQ DM and 89% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NASDAQ DM Market Risk Analysis
Sharpe Ratio = 0.7071
NASDAQ DM Relative Performance Indicators
Estimated Market Risk