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 essential to pay attention to NQ US Sm existing price patterns, it is also good to be reasonable about what you can actually do with equity price patterns. Macroaxis way in which we are estimating future performance of any index is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if NQ US expected return of 1.5643 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
|Horizon||30 Days Login to change|
NQ US Sm Relative Risk vs. Return LandscapeIf you would invest 209,294 in NQ US Sm Cap Tech Hardware And on September 21, 2019 and sell it today you would earn a total of 9,937 from holding NQ US Sm Cap Tech Hardware And or generate 4.75% return on investment over 30 days. NQ US Sm Cap Tech Hardware And is generating 1.5643% of daily returns and assumes 1.3548% volatility on return distribution over the 30 days horizon. Simply put, 12% of equities are less volatile than NQ US and 71% 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 = 1.1547
NQ US Relative Performance Indicators
Estimated Market Risk