has Sharpe Ratio of 0.7052 which conveys that the index had 0.7052% of return per unit of standard deviation over the last 3 months. Our approach into estimating volatility of an index is to use all available market data together with index specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for NASDAQ UK which you can use to evaluate future volatility of the entity. The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ UK are completely uncorrelated. Although it is vital to follow to NASDAQ UK price patterns
, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns
. The approach into 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 inspecting NASDAQ UK technical indicators
you can now evaluate if the expected return of 0.4665% will be sustainable into the future.
No correlation between past and present
NASDAQ UK has no correlation between past and present. Overlapping area represents the amount of predictability between NASDAQ UK time series from June 17, 2019 to August 1, 2019 and August 1, 2019 to September 15, 2019. 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 UK price movement. The serial correlation of 0.0 indicates that just 0.0% of current NASDAQ UK price fluctuation can be explain by its past prices.