NDX - 5-day Performance following a 1-day fall of over -5%
Since October 1985, there have been 9,234 trading days for the NASDAQ 100 Index (NDX). Yesterday, marked the 66th 1-day fall of over -5%. The 5-day return profile following falls of this magnitude is more noise than signal with no predictive quality.
On average, 5-days later the market managed to gain 1.1% with a win rate of 63% (41 wins, 24 losses). However, volatility begets volatility , & the widely distributed range of event outcomes is consistent with random.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
On average, 5-days later the market managed to gain 1.1% with a win rate of 63% (41 wins, 24 losses). However, volatility begets volatility , & the widely distributed range of event outcomes is consistent with random.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.