MyInvestor Indexado (Spain) Market Value
| 0P0001LIG8 | 18.74 0.16 0.86% |
| Symbol | MyInvestor |
MyInvestor Indexado '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 MyInvestor Indexado's fund 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 MyInvestor Indexado.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in MyInvestor Indexado on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding MyInvestor Indexado SP or generate 0.0% return on investment in MyInvestor Indexado over 720 days.
MyInvestor Indexado 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 MyInvestor Indexado's fund 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 MyInvestor Indexado SP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7879 | |||
| Information Ratio | 0.1347 | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.4 |
MyInvestor Indexado Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MyInvestor Indexado's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MyInvestor Indexado's standard deviation. In reality, there are many statistical measures that can use MyInvestor Indexado historical prices to predict the future MyInvestor Indexado's volatility.| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 0.1231 | |||
| Total Risk Alpha | 0.1217 | |||
| Sortino Ratio | 0.1549 | |||
| Treynor Ratio | 2.29 |
MyInvestor Indexado Backtested Returns
As of now, MyInvestor Fund is very steady. MyInvestor Indexado has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MyInvestor Indexado, which you can use to evaluate the volatility of the fund. Please verify MyInvestor Indexado's risk adjusted performance of 0.1062, and Mean Deviation of 0.613 to check out if the risk estimate we provide is consistent with the expected return of 0.0964%. The fund secures a Beta (Market Risk) of 0.0538, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MyInvestor Indexado's returns are expected to increase less than the market. However, during the bear market, the loss of holding MyInvestor Indexado is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
MyInvestor Indexado SP has very good predictability. Overlapping area represents the amount of predictability between MyInvestor Indexado time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 MyInvestor Indexado price movement. The serial correlation of 0.8 indicates that around 80.0% of current MyInvestor Indexado price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
MyInvestor Indexado lagged returns against current returns
Autocorrelation, which is MyInvestor Indexado fund'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 MyInvestor Indexado's fund expected returns. We can calculate the autocorrelation of MyInvestor Indexado returns to help us make a trade decision. For example, suppose you find that MyInvestor Indexado has exhibited high autocorrelation historically, and you observe that the fund 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 |
MyInvestor Indexado 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 MyInvestor Indexado fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MyInvestor Indexado fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MyInvestor Indexado fund over time.
Current vs Lagged Prices |
| Timeline |
MyInvestor Indexado Lagged Returns
When evaluating MyInvestor Indexado's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MyInvestor Indexado fund have on its future price. MyInvestor Indexado 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, MyInvestor Indexado autocorrelation shows the relationship between MyInvestor Indexado fund current value and its past values and can show if there is a momentum factor associated with investing in MyInvestor Indexado SP.
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.| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |