NQEGT (Egypt) Performance

NQEGT -- Egypt Index  

 1,415  8.64  0.61%

The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NQEGT are completely uncorrelated. Although it is extremely important to respect NQEGT price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy in 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 NQEGT technical indicators you can now evaluate if the expected return of 0.2426% will be sustainable into the future.
Horizon     30 Days    Login   to change

NQEGT Relative Risk vs. Return Landscape

If you would invest  139,955  in NQEGT on August 17, 2019 and sell it today you would earn a total of  2,386  from holding NQEGT or generate 1.7% return on investment over 30 days. NQEGT is generating 0.2426% of daily returns assuming 0.445% volatility of returns over the 30 days investment horizon. Simply put, 3% of all equities have less volatile historical return distribution than NQEGT and 96% 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, NQEGT is expected to generate 0.49 times more return on investment than the market. However, the company is 2.05 times less risky than the market. It trades about 0.55 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of risk.

NQEGT Market Risk Analysis

Sharpe Ratio = 0.5452
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NQEGT Relative Performance Indicators

Estimated Market Risk
 0.45
  actual daily
 
 4 %
of total potential
 
44
Expected Return
 0.24
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.55
  actual daily
 
 37 %
of total potential
 
3737
Based on monthly moving average NQEGT is performing at about 37% 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 NQEGT by adding it to a well-diversified portfolio.
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