The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Korea are completely uncorrelated. Although it is extremely important to respect NASDAQ Korea Large price patterns, it is better to be realistic regarding the information on 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 Korea Large technical indicators you can now evaluate if the expected return of 0.0336% will be sustainable into the future.
|Horizon||30 Days Login to change|
NASDAQ Korea Large Relative Risk vs. Return LandscapeIf you would invest 121,543 in NASDAQ Korea Large Mid Cap JPY on September 22, 2019 and sell it today you would earn a total of 105.00 from holding NASDAQ Korea Large Mid Cap JPY or generate 0.09% return on investment over 30 days. NASDAQ Korea Large Mid Cap JPY is generating 0.0336% of daily returns and assumes 1.1976% volatility on return distribution over the 30 days horizon. Simply put, 10% of equities are less volatile than NASDAQ Korea and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NASDAQ Korea Market Risk Analysis
Sharpe Ratio = 0.028
NASDAQ Korea Relative Performance Indicators
Estimated Market Risk