Nasdaq Dividend Achievers Index Performance
| DVG Index | 4,734 19.71 0.42% |
The entity secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NASDAQ Dividend are completely uncorrelated.
NASDAQ Dividend Relative Risk vs. Return Landscape
If you would invest 454,280 in NASDAQ Dividend Achievers on September 12, 2024 and sell it today you would earn a total of 19,712 from holding NASDAQ Dividend Achievers or generate 4.34% return on investment over 90 days. NASDAQ Dividend Achievers is generating 0.0693% of daily returns and assumes 0.6229% volatility on return distribution over the 90 days horizon. Simply put, 5% of indexs are less volatile than NASDAQ, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NASDAQ Dividend Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NASDAQ Dividend's investment risk. Standard deviation is the most common way to measure market volatility of indexs, such as NASDAQ Dividend Achievers, and traders can use it to determine the average amount a NASDAQ Dividend's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1113
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Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average NASDAQ Dividend is performing at about 8% 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 Dividend by adding it to a well-diversified portfolio.