The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ N are completely uncorrelated. Although it is extremely important to respect NASDAQ N America 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 N America technical indicators you can now evaluate if the expected return of 0.2158% will be sustainable into the future.
|Horizon||30 Days Login to change|
NASDAQ N America Relative Risk vs. Return LandscapeIf you would invest 212,000 in NASDAQ N America Constr Matls on September 22, 2019 and sell it today you would earn a total of 1,834 from holding NASDAQ N America Constr Matls or generate 0.87% return on investment over 30 days. NASDAQ N America Constr Matls is generating 0.2158% of daily returns and assumes 0.2544% volatility on return distribution over the 30 days horizon. Simply put, 2% of equities are less volatile than NASDAQ N and 96% 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 = 0.8484
NASDAQ N Relative Performance Indicators
Estimated Market Risk