NASDAQ Biotechnology's market value is the price at which a share of NASDAQ Biotechnology trades on a public exchange. It measures the collective expectations of NASDAQ Biotechnology investors about its performance. NASDAQ Biotechnology is listed at 4445.73 as of the 17th of March 2025, which is a 0.56% up since the beginning of the trading day. The index's lowest day price was 4430.06. With this module, you can estimate the performance of a buy and hold strategy of NASDAQ Biotechnology and determine expected loss or profit from investing in NASDAQ Biotechnology 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 gross domestic product.
Symbol
NASDAQ
NASDAQ Biotechnology '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 Biotechnology'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 Biotechnology.
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12/17/2024
No Change 0.00
0.0
In 3 months and 1 day
03/17/2025
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If you would invest 0.00 in NASDAQ Biotechnology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding NASDAQ Biotechnology or generate 0.0% return on investment in NASDAQ Biotechnology over 90 days.
NASDAQ Biotechnology 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 Biotechnology'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 Biotechnology 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 Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NASDAQ Biotechnology's standard deviation. In reality, there are many statistical measures that can use NASDAQ Biotechnology historical prices to predict the future NASDAQ Biotechnology's volatility.
NASDAQ Biotechnology has Sharpe Ratio of -0.0109, which conveys that the index had a -0.0109 % return per unit of standard deviation over the last 3 months. NASDAQ Biotechnology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. 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 Biotechnology are completely uncorrelated.
Auto-correlation
-0.34
Poor reverse predictability
NASDAQ Biotechnology has poor reverse predictability. Overlapping area represents the amount of predictability between NASDAQ Biotechnology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Biotechnology price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current NASDAQ Biotechnology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.34
Spearman Rank Test
-0.22
Residual Average
0.0
Price Variance
3503.57
NASDAQ Biotechnology lagged returns against current returns
Autocorrelation, which is NASDAQ Biotechnology 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 Biotechnology's index expected returns. We can calculate the autocorrelation of NASDAQ Biotechnology returns to help us make a trade decision. For example, suppose you find that NASDAQ Biotechnology 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 Biotechnology 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 Biotechnology index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NASDAQ Biotechnology index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NASDAQ Biotechnology index over time.
Current vs Lagged Prices
Timeline
NASDAQ Biotechnology Lagged Returns
When evaluating NASDAQ Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NASDAQ Biotechnology index have on its future price. NASDAQ Biotechnology 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 Biotechnology autocorrelation shows the relationship between NASDAQ Biotechnology index current value and its past values and can show if there is a momentum factor associated with investing in NASDAQ Biotechnology.
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.