NASDAQ Index Market Value

NASDAQ COMPOSITE's market value is the price at which a share of NASDAQ COMPOSITE stock trades on a public exchange. It measures the collective expectations of NASDAQ COMPOSITE investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NASDAQ COMPOSITE and determine expected loss or profit from investing in NASDAQ COMPOSITE over a given investment horizon. Check out NASDAQ COMPOSITE Correlation, NASDAQ COMPOSITE Volatility and NASDAQ COMPOSITE Alpha and Beta module to complement your research on NASDAQ COMPOSITE.

Please note, there is a significant difference between NASDAQ COMPOSITE's value and its price as these two are different measures arrived at by different means. Investors typically determine NASDAQ COMPOSITE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NASDAQ COMPOSITE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NASDAQ COMPOSITE 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NASDAQ COMPOSITE's index what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NASDAQ COMPOSITE.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in NASDAQ COMPOSITE on November 7, 2022 and sell it all today you would earn a total of 0.00 from holding NASDAQ COMPOSITE or generate 0.0% return on investment in NASDAQ COMPOSITE over 30 days. More

NASDAQ COMPOSITE Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NASDAQ COMPOSITE's index current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NASDAQ COMPOSITE upside and downside potential and time the market with a certain degree of confidence.

NASDAQ COMPOSITE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NASDAQ COMPOSITE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NASDAQ COMPOSITE's standard deviation. In reality, there are many statistical measures that can use NASDAQ COMPOSITE historical prices to predict the future NASDAQ COMPOSITE's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NASDAQ COMPOSITE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NASDAQ COMPOSITE in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NASDAQ COMPOSITE. Your research has to be compared to or analyzed against NASDAQ COMPOSITE's peers to derive any actionable benefits. When done correctly, NASDAQ COMPOSITE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NASDAQ COMPOSITE.

NASDAQ COMPOSITE Backtested Returns

NASDAQ COMPOSITE has Sharpe Ratio of -0.13, which conveys that the company had -0.13% of return per unit of standard deviation over the last 3 months. Macroaxis approach into estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. NASDAQ COMPOSITE exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The firm secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what NASDAQ's beta means in this case. the returns on MARKET and NASDAQ COMPOSITE are completely uncorrelated. Even though it is essential to pay attention to NASDAQ COMPOSITE price patterns, it is always good to be careful when utilizing equity historical price patterns. Our approach into estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NASDAQ COMPOSITE exposes twenty-one different technical indicators, which can help you to evaluate its performance. NASDAQ COMPOSITE has an expected return of -1.67%. Please be advised to verify NASDAQ COMPOSITE downside deviation and the relationship between the information ratio and expected short fall to decide if NASDAQ COMPOSITE performance from the past will be repeated at future time.



Weak reverse predictability

NASDAQ COMPOSITE has weak reverse predictability. Overlapping area represents the amount of predictability between NASDAQ COMPOSITE time series from 7th of November 2022 to 22nd of November 2022 and 22nd of November 2022 to 7th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NASDAQ COMPOSITE price movement. The serial correlation of -0.22 indicates that over 22.0% of current NASDAQ COMPOSITE price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test-0.14
Residual Average0.0
Price Variance1.383607035E7

NASDAQ COMPOSITE lagged returns against current returns

Autocorrelation, which is NASDAQ COMPOSITE index's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NASDAQ COMPOSITE's index expected returns. We can calculate the autocorrelation of NASDAQ COMPOSITE returns to help us make a trade decision. For example, suppose you find that NASDAQ COMPOSITE index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   

NASDAQ COMPOSITE regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NASDAQ COMPOSITE index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NASDAQ COMPOSITE index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NASDAQ COMPOSITE index over time.
   Current vs Lagged Prices   


When evaluating NASDAQ COMPOSITE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NASDAQ COMPOSITE index have on its future price. NASDAQ COMPOSITE autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NASDAQ COMPOSITE autocorrelation shows the relationship between NASDAQ COMPOSITE index current value and its past values and can show if there is a momentum factor associated with investing in NASDAQ COMPOSITE.
   Regressed Prices   

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NASDAQ COMPOSITE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NASDAQ COMPOSITE's short interest history, or implied volatility extrapolated from NASDAQ COMPOSITE options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out NASDAQ COMPOSITE Correlation, NASDAQ COMPOSITE Volatility and NASDAQ COMPOSITE Alpha and Beta module to complement your research on NASDAQ COMPOSITE. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for NASDAQ Index

When running NASDAQ COMPOSITE price analysis, check to measure NASDAQ COMPOSITE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NASDAQ COMPOSITE is operating at the current time. Most of NASDAQ COMPOSITE's value examination focuses on studying past and present price action to predict the probability of NASDAQ COMPOSITE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NASDAQ COMPOSITE's price. Additionally, you may evaluate how the addition of NASDAQ COMPOSITE to your portfolios can decrease your overall portfolio volatility.
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