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NQTH (Thailand) Backtesting

NQT
NQTH -- Thailand Index  

 707.28  10.19  1.46%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of NQTH and determine expected loss or profit from investing in NQTH over given investment horizon. Check out NQTH Hype Analysis, NQTH Correlation, Portfolio Optimization, NQTH Volatility as well as analyze NQTH Alpha and Beta and NQTH Performance.
Symbol
Backtest

NQTH 'What if' Analysis

0.00
12/29/2019
No Change 0.00  0.0 
In 2 months and 31 days
03/28/2020
0.00
If you would invest  0.00  in NQTH on December 29, 2019 and sell it all today you would earn a total of 0.00 from holding NQTH or generate 0.0% return on investment in NQTH over 90 days. NQTH is related to or competes with THAI UNION, WHA PREMIUM, PRESIDENT BAKERY, THAI GROUP, ABSOLUTE CLEAN, BANGKOK INSURANCE, and TQM CORPORATION.

NQTH Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown36.9
Value At Risk(8.33)
Potential Upside4.93

NQTH Market Premium Indicators

Risk Adjusted Performance(0.38)
Total Risk Alpha(0.47)

NQTH Backtested Returns

NQTH has Sharpe Ratio of -0.1, which conveys that the entity had -0.1% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy towards estimating risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. NQTH exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The index secures a Beta (Market Risk) of 0.0, which conveys that the returns on MARKET and NQTH are completely uncorrelated. Even though it is essential to pay attention to NQTH price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. NQTH exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.88 
correlation synergy

Very good predictability

NQTH has very good predictability. Overlapping area represents the amount of predictability between NQTH time series from December 29, 2019 to February 12, 2020 and February 12, 2020 to March 28, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NQTH price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current NQTH price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.79
Residual Average0.0
Price Variance22005.21

NQTH lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

NQTH regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

NQTH Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - NQTH

NQTH Investor Sentiment

Macroaxis traders are unemotional in their take regarding direction of NQTH Index. What is your trading attitude regarding investing in Thailand companies? Are you bullish or bearish on NQTH?
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Bearish
50% Bullish
50% Bearish
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Check out NQTH Hype Analysis, NQTH Correlation, Portfolio Optimization, NQTH Volatility as well as analyze NQTH Alpha and Beta and NQTH Performance. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page