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.
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NASDAQ N America Relative Risk vs. Return LandscapeIf 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 (%)
NASDAQ N Market Risk Analysis
Sharpe Ratio = -0.7071