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 extremely important to respect NQ US Md existing price patterns, it is better to be realistic regarding the information on 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 Md technical indicators you can at this moment evaluate if the expected return of 0.0929% will be sustainable into the future.
|Horizon||30 Days Login to change|
NQ US Md Relative Risk vs. Return LandscapeIf you would invest 199,833 in NQ US Md Cap Constr Matls CAD on September 22, 2019 and sell it today you would earn a total of 371.00 from holding NQ US Md Cap Constr Matls CAD or generate 0.19% return on investment over 30 days. NQ US Md Cap Constr Matls CAD is generating 0.0929% of daily returns and assumes 0.1313% volatility on return distribution over the 30 days horizon. Simply put, 1% 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