NASDAQ N Performance

NQNA2300EURN -- USA Index  

 2,098  0.04  0.0019%

The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ N are completely uncorrelated. Even though it is essential to pay attention to NASDAQ N America price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis approach into 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. NASDAQ N exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

NASDAQ N America Relative Risk vs. Return Landscape

If you would invest  209,798  in NASDAQ N America Constr Matls on September 19, 2019 and sell it today you would lose (4.00)  from holding NASDAQ N America Constr Matls or give up 0.0% of portfolio value over 30 days. NASDAQ N America Constr Matls is generating negative expected returns and assumes 0.0013% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than NASDAQ N 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, NASDAQ N is expected to generate 0.0 times more return on investment than the market. However, the company is 757.23 times less risky than the market. It trades about -0.69 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

NASDAQ N Market Risk Analysis

Sharpe Ratio = -0.7071
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Based on monthly moving average NASDAQ N 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 NASDAQ N by adding it to a well-diversified portfolio.


Equity Alerts and Improvement Suggestions

NASDAQ N America is not yet fully synchronised with the market data
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