BBVA Accion (Spain) Market Value
| BBVAE Etf | EUR 47.46 0.67 1.39% |
| Symbol | BBVA |
BBVA Accion '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 BBVA Accion's etf 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 BBVA Accion.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BBVA Accion on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BBVA Accion DJ or generate 0.0% return on investment in BBVA Accion over 30 days. BBVA Accion is related to or competes with Metrovacesa, Mapfre, Amper SA, Altia Consultores, Coca Cola, Atrys Health, and Cellnex Telecom. Fondo de inversin cotizado de renta variable que tiene como objetivo reproducir la evolucin del ndice burstil EUROSTOXX ... More
BBVA Accion 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 BBVA Accion's etf 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 BBVA Accion DJ upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.16 |
BBVA Accion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BBVA Accion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BBVA Accion's standard deviation. In reality, there are many statistical measures that can use BBVA Accion historical prices to predict the future BBVA Accion's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BBVA Accion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BBVA Accion DJ Backtested Returns
BBVA Accion DJ secures Sharpe Ratio (or Efficiency) of -0.0626, which signifies that the etf had a -0.0626% return per unit of volatility over the last 3 months. BBVA Accion DJ exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BBVA Accion's Mean Deviation of 0.8049, market risk adjusted performance of (0.12), and Variance of 0.9643 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BBVA Accion's returns are expected to increase less than the market. However, during the bear market, the loss of holding BBVA Accion is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
BBVA Accion DJ has very weak predictability. Overlapping area represents the amount of predictability between BBVA Accion time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 BBVA Accion DJ price movement. The serial correlation of 0.16 indicates that over 16.0% of current BBVA Accion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
BBVA Accion DJ lagged returns against current returns
Autocorrelation, which is BBVA Accion etf'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 BBVA Accion's etf expected returns. We can calculate the autocorrelation of BBVA Accion returns to help us make a trade decision. For example, suppose you find that BBVA Accion has exhibited high autocorrelation historically, and you observe that the etf 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 |
BBVA Accion 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 BBVA Accion etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BBVA Accion etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BBVA Accion etf over time.
Current vs Lagged Prices |
| Timeline |
BBVA Accion Lagged Returns
When evaluating BBVA Accion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BBVA Accion etf have on its future price. BBVA Accion 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, BBVA Accion autocorrelation shows the relationship between BBVA Accion etf current value and its past values and can show if there is a momentum factor associated with investing in BBVA Accion DJ.
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.Other Information on Investing in BBVA Etf
BBVA Accion financial ratios help investors to determine whether BBVA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BBVA with respect to the benefits of owning BBVA Accion security.