AMEX Advancing's market value is the price at which a share of AMEX Advancing trades on a public exchange. It measures the collective expectations of AMEX Advancing Stocks investors about its performance. AMEX Advancing is enlisted at 1326.00 as of the 27th of November 2024; that is 43.86 percent down since the beginning of the trading day. The index's open price was 2362.0. With this module, you can estimate the performance of a buy and hold strategy of AMEX Advancing Stocks and determine expected loss or profit from investing in AMEX Advancing over a given investment horizon. Check out Trending Equities 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 board of governors.
Symbol
AMEX
AMEX Advancing '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 AMEX Advancing'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 AMEX Advancing.
0.00
10/28/2024
No Change 0.00
0.0
In 31 days
11/27/2024
0.00
If you would invest 0.00 in AMEX Advancing on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding AMEX Advancing Stocks or generate 0.0% return on investment in AMEX Advancing over 30 days.
AMEX Advancing 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 AMEX Advancing'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 AMEX Advancing Stocks 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 AMEX Advancing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMEX Advancing's standard deviation. In reality, there are many statistical measures that can use AMEX Advancing historical prices to predict the future AMEX Advancing's volatility.
AMEX Advancing Stocks secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the index had a 0.29% return per unit of risk over the last 3 months. We have analyze and collected data for twenty-six different technical indicators, which can help you to evaluate if expected returns of 30.16% are justified by taking the suggested risk. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and AMEX Advancing are completely uncorrelated.
Auto-correlation
0.35
Below average predictability
AMEX Advancing Stocks has below average predictability. Overlapping area represents the amount of predictability between AMEX Advancing time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 AMEX Advancing Stocks price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current AMEX Advancing price fluctuation can be explain by its past prices.
Correlation Coefficient
0.35
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
443.6 K
AMEX Advancing Stocks lagged returns against current returns
Autocorrelation, which is AMEX Advancing 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 AMEX Advancing's index expected returns. We can calculate the autocorrelation of AMEX Advancing returns to help us make a trade decision. For example, suppose you find that AMEX Advancing 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
AMEX Advancing 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 AMEX Advancing index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMEX Advancing index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMEX Advancing index over time.
Current vs Lagged Prices
Timeline
AMEX Advancing Lagged Returns
When evaluating AMEX Advancing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMEX Advancing index have on its future price. AMEX Advancing 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, AMEX Advancing autocorrelation shows the relationship between AMEX Advancing index current value and its past values and can show if there is a momentum factor associated with investing in AMEX Advancing Stocks.
Regressed Prices
Timeline
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