NDX: vGRE* Week 30-Aug-2021

Volume-weighted GR-Estimator for NASDAQ-100 (NDX).

Finamatrix.AI — Analyzing data from the previous week can shed light on the coming week for NASDAQ-100 (NDX) with genetic-optimization. The vGRE* (volume-weighted Golden Ratio Estimator) had no spike suggesting no clear change in NDX direction. For the week of 23-Aug-2021 to 27-Aug-2021, there is no breach of vGRE*-CR indicating no obvious price change; 5 buy/hold signals suggest an overall buy/hold strategy for the week of 30-Aug-2021.

NDX: 1-Jan-21 to 27-Aug-21
  • For the week of 23-Aug-2021 to 27-Aug-2021, NDX ended higher at 15,432 from 15,092.
  • For the past week, the vGRE* had no spikes, indicating no clear change of NDX direction for the coming week.
NDX-vGRE* 1-Jan-21 to 27-Aug-21

The first derivative of vGRE* or the Continuous Return (CR) statistic is also reported for 2021 YTD (27-Aug-2021) to serve as a check for the stationarity of the vGRE* statistic. vGRE*-CR should be a stochastic process with constant variance and a change of variance indicates a deviation from the norm and deserves attention.

For the week of 23-Aug-2021 to 27-Aug-2021, there is no breach of vGRE*-CR which stayed within the range of -0.5 to 0.5, suggesting no change in NDX direction.

NDX-vGRE*-Sig from 26-Jul-2021 to 27-Aug-2021

In addition, the genetic-optimization of the golden-ratio estimator produces a value-added statistic where we name as Signal (Sig). For the week of 23-Aug-2021 to 27-Aug-2021, 5 buy/hold signals suggest an overall buy/hold for the coming week of 30-Aug-2021.

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