SPASX 300's market value is the price at which a share of SPASX 300 trades on a public exchange. It measures the collective expectations of SPASX 300 Media investors about its performance. SPASX 300 is listed at 2638.78 as of the 11th of December 2024, which is a 0.19% up since the beginning of the trading day. The index's open price was 2633.9. With this module, you can estimate the performance of a buy and hold strategy of SPASX 300 Media and determine expected loss or profit from investing in SPASX 300 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 industry.
Symbol
SPASX
SPASX 300 '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 300'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 300.
0.00
07/20/2023
No Change 0.00
0.0
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest 0.00 in SPASX 300 on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding SPASX 300 Media or generate 0.0% return on investment in SPASX 300 over 510 days.
SPASX 300 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 300'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 300 Media 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 300's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPASX 300's standard deviation. In reality, there are many statistical measures that can use SPASX 300 historical prices to predict the future SPASX 300's volatility.
SPASX 300 Media retains Efficiency (Sharpe Ratio) of 0.22, which indicates the index had a 0.22% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for SPASX 300, 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 300 are completely uncorrelated.
Auto-correlation
0.81
Very good predictability
SPASX 300 Media has very good predictability. Overlapping area represents the amount of predictability between SPASX 300 time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 300 Media price movement. The serial correlation of 0.81 indicates that around 81.0% of current SPASX 300 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.81
Spearman Rank Test
0.8
Residual Average
0.0
Price Variance
19.2 K
SPASX 300 Media lagged returns against current returns
Autocorrelation, which is SPASX 300 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 300's index expected returns. We can calculate the autocorrelation of SPASX 300 returns to help us make a trade decision. For example, suppose you find that SPASX 300 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 300 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 300 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPASX 300 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPASX 300 index over time.
Current vs Lagged Prices
Timeline
SPASX 300 Lagged Returns
When evaluating SPASX 300's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPASX 300 index have on its future price. SPASX 300 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 300 autocorrelation shows the relationship between SPASX 300 index current value and its past values and can show if there is a momentum factor associated with investing in SPASX 300 Media.
Regressed Prices
Timeline
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