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Nasdaq Volatility

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NDAQ -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Macroaxis considers Nasdaq to be not too volatile. Nasdaq has Sharpe Ratio of -0.0314, which conveys that the firm had -0.0314% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Nasdaq exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nasdaq Mean Deviation of 2.54 and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide.
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Nasdaq Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Nasdaq daily returns, and it is calculated using variance and standard deviation. We also use Nasdaq's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Nasdaq volatility.
Interest Expense

90 Days Market Risk

Not too volatile

Chance of Distress

Below Average

90 Days Economic Sensitivity

Moves indifferently to market moves

Nasdaq Market Sensitivity

As returns on market increase, returns on owning Nasdaq are expected to decrease at a much smaller rate. During bear market, Nasdaq is likely to outperform the market.
3 Months Beta |Analyze Nasdaq Demand Trend
Check current 30 days Nasdaq correlation with market (DOW)
β = -0.091

Nasdaq Central Daily Price Deviation

Nasdaq Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Nasdaq Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Nasdaq Projected Return Density Against Market

Given the investment horizon of 30 days, Nasdaq has beta of -0.091 indicating as returns on benchmark increase, returns on holding Nasdaq are expected to decrease at a much smaller rate. During bear market, however, Nasdaq is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Nasdaq is significantly underperforming DOW.
 Predicted Return Density 
    
  Returns 
Given the investment horizon of 30 days, the coefficient of variation of Nasdaq is -3184.28. The daily returns are destributed with a variance of 18.58 and standard deviation of 4.31. The mean deviation of Nasdaq is currently at 2.62. For similar time horizon, the selected benchmark (DOW) has volatility of 4.4
α
Alpha over DOW
=0.13
β
Beta against DOW=0.09
σ
Overall volatility
=4.31
Ir
Information ratio =0.02

Nasdaq Return Volatility

the corporate body inherits 4.3107% risk (volatility on return distribution) over the 30 days horizon. the entity inherits 3.8125% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

Nasdaq Investment Opportunity

Nasdaq has a volatility of 4.31 and is 1.13 times more volatile than DOW. 38  of all equities and portfolios are less risky than Nasdaq. Compared to the overall equity markets, volatility of historical daily returns of Nasdaq is lower than 38 () of all global equities and portfolios over the last 30 days. Use Nasdaq to protect your portfolios against small markets fluctuations. The stock experiences very speculative upward sentiment. Check odds of Nasdaq to be traded at $82.61 in 30 days. . As returns on market increase, returns on owning Nasdaq are expected to decrease at a much smaller rate. During bear market, Nasdaq is likely to outperform the market.

Nasdaq correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq Inc and equity matching DJI index in the same portfolio.

Nasdaq Current Risk Indicators

Nasdaq Suggested Diversification Pairs

Additionally, see Stocks Correlation. 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.
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