NASDAQ N Performance

NQNA8300LMGBPT -- USA Index  

 2,227  9.75  0.44%

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 0.1004% will be sustainable into the future.
Horizon     30 Days    Login   to change

NASDAQ N America Relative Risk vs. Return Landscape

If you would invest  210,413  in NASDAQ N America Banks Large Mi on October 19, 2019 and sell it today you would earn a total of  12,249  from holding NASDAQ N America Banks Large Mi or generate 5.82% return on investment over 30 days. NASDAQ N America Banks Large Mi is generating 0.1004% of daily returns and assumes 1.3602% volatility on return distribution over the 30 days horizon. Simply put, 12% 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 1.21 times less return on investment than the market. In addition to that, the company is 1.89 times more volatile than its market benchmark. It trades about 0.07 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.17 per unit of volatility.

NASDAQ N Market Risk Analysis

Sharpe Ratio = 0.0738
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NASDAQ N Relative Performance Indicators

Estimated Market Risk
  actual daily
 12 %
of total potential
Expected Return
  actual daily
 1 %
of total potential
Risk-Adjusted Return
  actual daily
 4 %
of total potential
Based on monthly moving average NASDAQ N is performing at about 4% 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

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See also Your Current Watchlist. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.