The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NQEGT are completely uncorrelated. Even though it is essential to pay attention to NQEGT price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy in 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. NQEGT exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
NQEGT Relative Risk vs. Return LandscapeIf you would invest 139,955 in NQEGT on August 22, 2019 and sell it today you would lose (82.00) from holding NQEGT or give up 0.06% of portfolio value over 30 days. NQEGT is producing return of less than zero assuming 0.536% volatility of returns over the 30 days investment horizon. Simply put, 4% of all equities have less volatile historical return distribution than NQEGT and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NQEGT Market Risk Analysis
Sharpe Ratio = -0.0075
NQEGT Relative Performance Indicators
Estimated Market Risk