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NASDAQ Composite Performance

XCM
XCMP -- USA Index  

 11,444  2.32  0.0203%

The entity secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NASDAQ Composite are completely uncorrelated. Although it is extremely important to respect NASDAQ Composite Total price patterns, it is better to be realistic regarding the information on 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 Composite Total technical indicators you can now evaluate if the expected return of 0.1983% will be sustainable into the future.

NASDAQ Composite Total Relative Risk vs. Return Landscape

If you would invest  995,753  in NASDAQ Composite Total Return I on January 20, 2020 and sell it today you would earn a total of  148,605  from holding NASDAQ Composite Total Return I or generate 14.92% return on investment over 30 days. NASDAQ Composite Total Return I is currently producing 0.1983% returns and takes up 0.9965% volatility of returns over 30 trading days. Put another way, 8% of traded equities are less volatile than the company and 97% of traded equity instruments are likely to generate higher returns over the next 30 trading days.
 Daily Expected Return (%) 
    
  Risk (%) 
Assuming 30 trading days horizon, NASDAQ Composite is expected to generate 1.25 times more return on investment than the market. However, the company is 1.25 times more volatile than its market benchmark. It trades about 0.2 of its potential returns per unit of risk. The DOW is currently generating roughly 0.11 per unit of risk.

NASDAQ Composite Market Risk Analysis

Sharpe Ratio = 0.199
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NASDAQ Composite Relative Performance Indicators

Estimated Market Risk
 1.0
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.2
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.2
  actual daily
 
 13 %
of total potential
 
1313
Based on monthly moving average NASDAQ Composite is performing at about 13% 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 NASDAQ Composite by adding it to a well-diversified portfolio.
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