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 Travel 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. We have found twenty-four technical indicators for NQ US which you can use to evaluate performance of the organization.
|Horizon||30 Days Login to change|
NQ US Travel Relative Risk vs. Return LandscapeIf you would invest 143,547 in NQ US Travel Tourism Lg Md C on September 22, 2019 and sell it today you would earn a total of 3,463 from holding NQ US Travel Tourism Lg Md C or generate 2.41% return on investment over 30 days. NQ US Travel Tourism Lg Md C is generating 0.5996% of daily returns and assumes 0.6979% volatility on return distribution over the 30 days horizon. Simply put, 6% of equities are less volatile than NQ US and 89% 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 = 0.8591
NQ US Relative Performance Indicators
Estimated Market Risk