Nasdaq 100's market value is the price at which a share of Nasdaq 100 trades on a public exchange. It measures the collective expectations of Nasdaq 100 investors about its performance. Nasdaq 100 is listed at 21797.65 as of the 25th of December 2024, which is a 1.37% up since the beginning of the trading day. The index's lowest day price was 21558.97. With this module, you can estimate the performance of a buy and hold strategy of Nasdaq 100 and determine expected loss or profit from investing in Nasdaq 100 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 100 '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 100'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 100.
0.00
09/26/2024
No Change 0.00
0.0
In 3 months and 1 day
12/25/2024
0.00
If you would invest 0.00 in Nasdaq 100 on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nasdaq 100 or generate 0.0% return on investment in Nasdaq 100 over 90 days.
Nasdaq 100 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 100'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 100 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 100's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nasdaq 100's standard deviation. In reality, there are many statistical measures that can use Nasdaq 100 historical prices to predict the future Nasdaq 100's volatility.
Nasdaq 100 has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Nasdaq 100, 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 100 are completely uncorrelated.
Auto-correlation
0.58
Modest predictability
Nasdaq 100 has modest predictability. Overlapping area represents the amount of predictability between Nasdaq 100 time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th of December 2024. 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 100 price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Nasdaq 100 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.58
Spearman Rank Test
0.58
Residual Average
0.0
Price Variance
192.8 K
Nasdaq 100 lagged returns against current returns
Autocorrelation, which is Nasdaq 100 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 100's index expected returns. We can calculate the autocorrelation of Nasdaq 100 returns to help us make a trade decision. For example, suppose you find that Nasdaq 100 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 100 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 100 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nasdaq 100 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nasdaq 100 index over time.
Current vs Lagged Prices
Timeline
Nasdaq 100 Lagged Returns
When evaluating Nasdaq 100's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nasdaq 100 index have on its future price. Nasdaq 100 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 100 autocorrelation shows the relationship between Nasdaq 100 index current value and its past values and can show if there is a momentum factor associated with investing in Nasdaq 100.
Regressed Prices
Timeline
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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.