NASDAQ N Performance

NQNA3700AUDT -- USA Index  

 2,196  8.01  0.36%

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 vital to follow to NASDAQ N America price patterns, it is good to be conservative about what you can actually do with the information regarding 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 0.3224% will be sustainable into the future.
Horizon     30 Days    Login   to change

NASDAQ N America Relative Risk vs. Return Landscape

If you would invest  212,290  in NASDAQ N America Psnl Hhld Go on October 21, 2019 and sell it today you would earn a total of  8,147  from holding NASDAQ N America Psnl Hhld Go or generate 3.84% return on investment over 30 days. NASDAQ N America Psnl Hhld Go is generating 0.3224% of daily returns and assumes 1.3258% volatility on return distribution over the 30 days horizon. Simply put, 11% of equities are less volatile than NASDAQ N and 94% 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 1.84 times more return on investment than the market. However, the company is 1.84 times more volatile than its market benchmark. It trades about 0.24 of its potential returns per unit of risk. The DOW is currently generating roughly 0.14 per unit of risk.

NASDAQ N Market Risk Analysis

Sharpe Ratio = 0.2432
Good Returns
Average Returns
Small ReturnsNQNA3700AUDT
Negative Returns

NASDAQ N Relative Performance Indicators

Estimated Market Risk
  actual daily
 11 %
of total potential
Expected Return
  actual daily
 6 %
of total potential
Risk-Adjusted Return
  actual daily
 16 %
of total potential
Based on monthly moving average NASDAQ N is performing at about 16% 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
See also Your Current Watchlist. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.