Megashort Nasdaq 100 Daily Etf Market Value
| QQQD Etf | 15.56 0.36 2.26% |
| 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.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in MegaShort NASDAQ on April 23, 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 | (0.36) | |||
| Maximum Drawdown | 9.03 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 2.8 |
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 | (0.27) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 5.62 |
MegaShort NASDAQ 100 Backtested Returns
MegaShort NASDAQ 100 has Sharpe Ratio of -0.3, which conveys that the entity had a -0.3 % return per unit of risk over the last 3 months. MegaShort NASDAQ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MegaShort NASDAQ's Standard Deviation of 2.35, risk adjusted performance of (0.27), and Mean Deviation of 1.84 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MegaShort NASDAQ are expected to decrease at a much lower rate. During the bear market, MegaShort NASDAQ is likely to outperform the market.
Auto-correlation | -0.1 |
Very weak reverse predictability
MegaShort NASDAQ 100 Daily has very weak reverse predictability. Overlapping area represents the amount of predictability between MegaShort NASDAQ time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 MegaShort NASDAQ 100 price movement. The serial correlation of -0.1 indicates that less than 10.0% of current MegaShort NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
MegaShort NASDAQ 100 lagged returns against current returns
Autocorrelation, which is MegaShort NASDAQ etf'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 MegaShort NASDAQ's etf expected returns. We can calculate the autocorrelation of MegaShort NASDAQ returns to help us make a trade decision. For example, suppose you find that MegaShort NASDAQ has exhibited high autocorrelation historically, and you observe that the etf 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 |
MegaShort NASDAQ 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 MegaShort NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MegaShort NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MegaShort NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
MegaShort NASDAQ Lagged Returns
When evaluating MegaShort NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MegaShort NASDAQ etf have on its future price. MegaShort NASDAQ 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, MegaShort NASDAQ autocorrelation shows the relationship between MegaShort NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in MegaShort NASDAQ 100 Daily.
Regressed Prices |
| Timeline |
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.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.