Nasdaq CTA's market value is the price at which a share of Nasdaq CTA trades on a public exchange. It measures the collective expectations of Nasdaq CTA Artificial investors about its performance. Nasdaq CTA is listed at 1659.27 as of the 1st of February 2025, which is a 0.33 percent decrease since the beginning of the trading day. The index's open price was 1664.8. With this module, you can estimate the performance of a buy and hold strategy of Nasdaq CTA Artificial and determine expected loss or profit from investing in Nasdaq CTA over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Symbol
Nasdaq
Nasdaq CTA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nasdaq CTA's index what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nasdaq CTA.
0.00
01/02/2025
No Change 0.00
0.0
In 30 days
02/01/2025
0.00
If you would invest 0.00 in Nasdaq CTA on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Nasdaq CTA Artificial or generate 0.0% return on investment in Nasdaq CTA over 30 days.
Nasdaq CTA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nasdaq CTA's index current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nasdaq CTA Artificial upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nasdaq CTA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq CTA's standard deviation. In reality, there are many statistical measures that can use Nasdaq CTA historical prices to predict the future Nasdaq CTA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nasdaq CTA. Your research has to be compared to or analyzed against Nasdaq CTA's peers to derive any actionable benefits. When done correctly, Nasdaq CTA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nasdaq CTA Artificial.
Nasdaq CTA Artificial Backtested Returns
Nasdaq CTA Artificial has Sharpe Ratio of 0.1, which conveys that the entity had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Nasdaq CTA, which you can use to evaluate the volatility of the index. The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nasdaq CTA are completely uncorrelated.
Auto-correlation
-0.13
Insignificant reverse predictability
Nasdaq CTA Artificial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nasdaq CTA time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nasdaq CTA Artificial price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Nasdaq CTA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.13
Spearman Rank Test
-0.33
Residual Average
0.0
Price Variance
384.91
Nasdaq CTA Artificial lagged returns against current returns
Autocorrelation, which is Nasdaq CTA index's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nasdaq CTA's index expected returns. We can calculate the autocorrelation of Nasdaq CTA returns to help us make a trade decision. For example, suppose you find that Nasdaq CTA has exhibited high autocorrelation historically, and you observe that the index is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Nasdaq CTA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nasdaq CTA index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq CTA index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasdaq CTA index over time.
Current vs Lagged Prices
Timeline
Nasdaq CTA Lagged Returns
When evaluating Nasdaq CTA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq CTA index have on its future price. Nasdaq CTA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nasdaq CTA autocorrelation shows the relationship between Nasdaq CTA index current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq CTA Artificial.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.