SPASX 200's market value is the price at which a share of SPASX 200 trades on a public exchange. It measures the collective expectations of SPASX 200 Materials investors about its performance. SPASX 200 is enlisted at 16705.90 as of the 29th of November 2024; that is 0.06 percent down since the beginning of the trading day. The index's open price was 16715.7. With this module, you can estimate the performance of a buy and hold strategy of SPASX 200 Materials and determine expected loss or profit from investing in SPASX 200 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 200 '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 200'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 200.
0.00
10/30/2024
No Change 0.00
0.0
In 30 days
11/29/2024
0.00
If you would invest 0.00 in SPASX 200 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding SPASX 200 Materials or generate 0.0% return on investment in SPASX 200 over 30 days.
SPASX 200 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 200'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 200 Materials 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 200's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPASX 200's standard deviation. In reality, there are many statistical measures that can use SPASX 200 historical prices to predict the future SPASX 200's volatility.
SPASX 200 Materials retains Efficiency (Sharpe Ratio) of 0.0351, which indicates the index had a 0.0351% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for SPASX 200, 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 200 are completely uncorrelated.
Auto-correlation
-0.2
Insignificant reverse predictability
SPASX 200 Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between SPASX 200 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 200 Materials price movement. The serial correlation of -0.2 indicates that over 20.0% of current SPASX 200 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
-0.76
Residual Average
0.0
Price Variance
9302.32
SPASX 200 Materials lagged returns against current returns
Autocorrelation, which is SPASX 200 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 200's index expected returns. We can calculate the autocorrelation of SPASX 200 returns to help us make a trade decision. For example, suppose you find that SPASX 200 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 200 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 200 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPASX 200 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPASX 200 index over time.
Current vs Lagged Prices
Timeline
SPASX 200 Lagged Returns
When evaluating SPASX 200's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPASX 200 index have on its future price. SPASX 200 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 200 autocorrelation shows the relationship between SPASX 200 index current value and its past values and can show if there is a momentum factor associated with investing in SPASX 200 Materials.
Regressed Prices
Timeline
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