Megashort Nasdaq 100 Daily Etf Market Value
| QQQD Etf | 11.53 0.21 1.79% |
| Symbol | MegaShort |
MegaShort NASDAQ '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 MegaShort NASDAQ's etf 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 MegaShort NASDAQ.
| 10/25/2025 |
| 01/23/2026 |
If you would invest 0.00 in MegaShort NASDAQ on October 25, 2025 and sell it all today you would earn a total of 0.00 from holding MegaShort NASDAQ 100 Daily or generate 0.0% return on investment in MegaShort NASDAQ over 90 days.
MegaShort NASDAQ 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 MegaShort NASDAQ's etf 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 MegaShort NASDAQ 100 Daily upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 15.11 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.89 |
MegaShort NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MegaShort NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaShort NASDAQ's standard deviation. In reality, there are many statistical measures that can use MegaShort NASDAQ historical prices to predict the future MegaShort NASDAQ's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0456 |
MegaShort NASDAQ January 23, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | 0.0556 | |||
| Mean Deviation | 2.35 | |||
| Coefficient Of Variation | (5,154) | |||
| Standard Deviation | 3.07 | |||
| Variance | 9.43 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.0456 | |||
| Maximum Drawdown | 15.11 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.89 | |||
| Skewness | 0.2525 | |||
| Kurtosis | 0.3455 |
MegaShort NASDAQ 100 Backtested Returns
As of now, MegaShort Etf is somewhat reliable. MegaShort NASDAQ 100 has Sharpe Ratio of 0.013, which conveys that the entity had a 0.013 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for MegaShort NASDAQ, which you can use to evaluate the volatility of the etf. Please verify MegaShort NASDAQ's Standard Deviation of 3.07, mean deviation of 2.35, and Risk Adjusted Performance of (0.01) to check out if the risk estimate we provide is consistent with the expected return of 0.0395%. The etf secures a Beta (Market Risk) of -1.53, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning MegaShort NASDAQ are expected to decrease by larger amounts. On the other hand, during market turmoil, MegaShort NASDAQ is expected to outperform it.
Auto-correlation | -0.13 |
Insignificant reverse predictability
MegaShort NASDAQ 100 Daily has insignificant reverse predictability. Overlapping area represents the amount of predictability between MegaShort NASDAQ time series from 25th of October 2025 to 9th of December 2025 and 9th of December 2025 to 23rd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MegaShort NASDAQ 100 price movement. The serial correlation of -0.13 indicates that less than 13.0% of current MegaShort NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Pair Trading with MegaShort NASDAQ
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MegaShort NASDAQ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MegaShort NASDAQ will appreciate offsetting losses from the drop in the long position's value.Moving against MegaShort Etf
| 0.92 | XSP | iShares Core SP | PairCorr |
| 0.76 | ZSP | BMO SP 500 | PairCorr |
| 0.75 | VFV | Vanguard SP 500 | PairCorr |
| 0.56 | EDGF | Brompton European | PairCorr |
| 0.44 | XIU | iShares SPTSX 60 | PairCorr |
The ability to find closely correlated positions to MegaShort NASDAQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MegaShort NASDAQ when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MegaShort NASDAQ - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MegaShort NASDAQ 100 Daily to buy it.
The correlation of MegaShort NASDAQ is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MegaShort NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MegaShort NASDAQ 100 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MegaShort NASDAQ can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.