NQEGT (Egypt) Performance

NQEGT -- Egypt Index  

 1,399  2.38  0.17%

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 Landscape

If 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 (%) 
      Risk (%) 
Assuming 30 trading days horizon, NQEGT is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.69 times less risky than the market. the firm trades about -0.01 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 of returns per unit of risk over similar time horizon.

NQEGT Market Risk Analysis

Sharpe Ratio = -0.0075
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NQEGT Relative Performance Indicators

Estimated Market Risk
 0.54
  actual daily
 
 4 %
of total potential
 
44
Expected Return
 0.0
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 -0.01
  actual daily
 
 0 %
of total potential
 
00
Based on monthly moving average NQEGT is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NQEGT by adding it to a well-diversified portfolio.

NQEGT Alerts

Equity Alerts and Improvement Suggestions

NQEGT generates negative expected return over the last 30 days
See also Your Current Watchlist. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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