The index owns Beta (Systematic Risk) of 0.0 which conveys that the returns on MARKET and NQ US are completely uncorrelated. Even though it is essential to pay attention to NQ US Lg existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are estimating future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NQ US exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
NQ US Lg Relative Risk vs. Return LandscapeIf you would invest 238,479 in NQ US Lg Cap Nonlife Ins AUD In on September 19, 2019 and sell it today you would lose (3,348) from holding NQ US Lg Cap Nonlife Ins AUD In or give up 1.4% of portfolio value over 30 days. NQ US Lg Cap Nonlife Ins AUD In is generating negative expected returns and assumes 0.9927% volatility on return distribution over the 30 days horizon. Simply put, 8% of equities are less volatile than NQ US and 99% 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 = -0.7071
NQ US Relative Performance Indicators
Estimated Market Risk