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 LandscapeIf 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 (%)
NQEGT Market Risk Analysis
Sharpe Ratio = 0.5452
NQEGT Relative Performance Indicators
Estimated Market Risk