NASDAQ Eurozone Performance

NQEURO3300EUR -- USA Index  

 1,233  23.52  1.87%

The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Eurozone are completely uncorrelated. Although it is vital to follow to NASDAQ Eurozone Auto 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 Eurozone Auto technical indicators you can now evaluate if the expected return of 0.4776% will be sustainable into the future.
Horizon     30 Days    Login   to change

NASDAQ Eurozone Auto Relative Risk vs. Return Landscape

If you would invest  112,858  in NASDAQ Eurozone Auto Parts EU on October 18, 2019 and sell it today you would earn a total of  10,444  from holding NASDAQ Eurozone Auto Parts EU or generate 9.25% return on investment over 30 days. NASDAQ Eurozone Auto Parts EU is generating 0.4776% of daily returns and assumes 3.4046% volatility on return distribution over the 30 days horizon. Simply put, 30% of equities are less volatile than NASDAQ Eurozone and 91% 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, NASDAQ Eurozone is expected to generate 4.76 times more return on investment than the market. However, the company is 4.76 times more volatile than its market benchmark. It trades about 0.14 of its potential returns per unit of risk. The DOW is currently generating roughly 0.15 per unit of risk.

NASDAQ Eurozone Market Risk Analysis

Sharpe Ratio = 0.1403
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NASDAQ Eurozone Relative Performance Indicators

Estimated Market Risk
 3.4
  actual daily
 
 30 %
of total potential
 
3030
Expected Return
 0.48
  actual daily
 
 9 %
of total potential
 
99
Risk-Adjusted Return
 0.14
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average NASDAQ Eurozone is performing at about 9% 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 NASDAQ Eurozone by adding it to a well-diversified portfolio.

NASDAQ Eurozone Alerts

Equity Alerts and Improvement Suggestions

NASDAQ Eurozone Auto has very high historical volatility over the last 30 days
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