SPASX Midcap's market value is the price at which a share of SPASX Midcap trades on a public exchange. It measures the collective expectations of SPASX Midcap 50 investors about its performance. SPASX Midcap is enlisted at 10568.80 as of the 30th of November 2024; that is 0.02% up since the beginning of the trading day. The index's open price was 10566.8. With this module, you can estimate the performance of a buy and hold strategy of SPASX Midcap 50 and determine expected loss or profit from investing in SPASX Midcap 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
SPASX
SPASX Midcap '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 SPASX Midcap'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 SPASX Midcap.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in SPASX Midcap on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SPASX Midcap 50 or generate 0.0% return on investment in SPASX Midcap over 30 days.
SPASX Midcap 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 SPASX Midcap'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 SPASX Midcap 50 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 SPASX Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPASX Midcap's standard deviation. In reality, there are many statistical measures that can use SPASX Midcap historical prices to predict the future SPASX Midcap's volatility.
SPASX Midcap 50 retains Efficiency (Sharpe Ratio) of 0.12, which indicates the index had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for SPASX Midcap, which you can use to evaluate the volatility of the index. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SPASX Midcap are completely uncorrelated.
Auto-correlation
0.70
Good predictability
SPASX Midcap 50 has good predictability. Overlapping area represents the amount of predictability between SPASX Midcap time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SPASX Midcap 50 price movement. The serial correlation of 0.7 indicates that around 70.0% of current SPASX Midcap price fluctuation can be explain by its past prices.
Correlation Coefficient
0.7
Spearman Rank Test
0.47
Residual Average
0.0
Price Variance
12.9 K
SPASX Midcap 50 lagged returns against current returns
Autocorrelation, which is SPASX Midcap 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 SPASX Midcap's index expected returns. We can calculate the autocorrelation of SPASX Midcap returns to help us make a trade decision. For example, suppose you find that SPASX Midcap 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
SPASX Midcap 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 SPASX Midcap index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPASX Midcap index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPASX Midcap index over time.
Current vs Lagged Prices
Timeline
SPASX Midcap Lagged Returns
When evaluating SPASX Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPASX Midcap index have on its future price. SPASX Midcap 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, SPASX Midcap autocorrelation shows the relationship between SPASX Midcap index current value and its past values and can show if there is a momentum factor associated with investing in SPASX Midcap 50.
Regressed Prices
Timeline
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