NQ US Performance

NQUSS2777CAD -- USA Index  

 1,413  1.96  0.14%

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 Sm 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 Sm technical indicators you can at this moment evaluate if the expected return of 0.3397% will be sustainable into the future.
Horizon     30 Days    Login   to change

NQ US Sm Relative Risk vs. Return Landscape

If you would invest  129,543  in NQ US Sm Cap Transportation Svc on October 12, 2019 and sell it today you would earn a total of  11,554  from holding NQ US Sm Cap Transportation Svc or generate 8.92% return on investment over 30 days. NQ US Sm Cap Transportation Svc is generating 0.3397% of daily returns and assumes 1.4838% volatility on return distribution over the 30 days horizon. Simply put, 13% of equities are less volatile than NQ US and 94% 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, NQ US is expected to generate 1.76 times more return on investment than the market. However, the company is 1.76 times more volatile than its market benchmark. It trades about 0.23 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

NQ US Market Risk Analysis

Sharpe Ratio = 0.2289
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NQ US Relative Performance Indicators

Estimated Market Risk
 1.48
  actual daily
 
 13 %
of total potential
 
1313
Expected Return
 0.34
  actual daily
 
 6 %
of total potential
 
66
Risk-Adjusted Return
 0.23
  actual daily
 
 15 %
of total potential
 
1515
Based on monthly moving average NQ US is performing at about 15% 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 NQ US by adding it to a well-diversified portfolio.
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