The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ United are completely uncorrelated. Although it is essential to pay attention to NASDAQ United price patterns, it is also good to be reasonable about what you can actually do with equity historical price patterns. Macroaxis philosophy towards estimating future performance of any index is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if NASDAQ United expected return of 2.0011 will be sustainable into the future, we have found twenty-eight different technical indicators which can help you to check if the expected returns are sustainable.
|Horizon||30 Days Login to change|
NASDAQ United Relative Risk vs. Return LandscapeIf you would invest 81,906 in The NASDAQ United Kingdom Retai on September 17, 2019 and sell it today you would earn a total of 3,278 from holding The NASDAQ United Kingdom Retai or generate 4.0% return on investment over 30 days. The NASDAQ United Kingdom Retai is generating 2.0011% of daily returns and assumes 2.8299% volatility on return distribution over the 30 days horizon. Simply put, 25% of equities are less volatile than NASDAQ United and 63% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NASDAQ United Market Risk Analysis
Sharpe Ratio = 0.7071
NASDAQ United Relative Performance Indicators
Estimated Market Risk