|Horizon||30 Days Login to change|
NT North Market Sensitivity
|As returns on market increase, returns on owning NT North are expected to decrease at a much smaller rate. During bear market, NT North is likely to outperform the market.One Month Beta |Analyze NT North America Demand TrendCheck current 30 days NT North correlation with market (DOW)|
β = -0.042
NT North America Technical Analysis
NT North Projected Return Density Against MarketAssuming 30 trading days horizon, NT North America Equity Index B Euro has beta of -0.042 . This indicates as returns on benchmark increase, returns on holding NT North are expected to decrease at a much smaller rate. During bear market, however, NT North America Equity Index B Euro is likely to outperform the market. Moreover, NT North America Equity Index B Euro has an alpha of 0.0605 implying that it can potentially generate 0.0605% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
NT North Return VolatilityNT North America Equity Index B Euro accepts 0.5229% volatility on return distribution over the 30 days horizon. DOW inherits 0.4541% risk (volatility on return distribution) over the 30 days horizon.