The index owns Beta (Systematic Risk) of 0.0 which conveys that the returns on MARKET and NQ US are completely uncorrelated. Although it is vital to follow to NQ US Clothing existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The way in which we are 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 analyzing NQ US Clothing technical indicators you can at this moment evaluate if the expected return of 0.3084% will be sustainable into the future.
|Horizon||30 Days Login to change|
NQ US Clothing Relative Risk vs. Return LandscapeIf you would invest 94,204 in NQ US Clothing Accessories L on September 22, 2019 and sell it today you would earn a total of 1,443 from holding NQ US Clothing Accessories L or generate 1.53% return on investment over 30 days. NQ US Clothing Accessories L is generating 0.3084% of daily returns and assumes 0.9933% volatility on return distribution over the 30 days horizon. Simply put, 8% of equities are less volatile than NQ US and 95% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
NQ US Market Risk Analysis
Sharpe Ratio = 0.3105
NQ US Relative Performance Indicators
Estimated Market Risk