Accion IBEX (Spain) Market Value
| BBVAI Etf | EUR 11.70 0.03 0.26% |
| Symbol | Accion |
Accion IBEX '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 Accion IBEX'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 Accion IBEX.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Accion IBEX on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Accion IBEX 35 or generate 0.0% return on investment in Accion IBEX over 30 days. Accion IBEX is related to or competes with Lyxor UCITS, BBVA Accion. Fondo de inversin cotizado de renta variable nacional que tiene como objetivo reproducir la evolucin del ndice burstil e... More
Accion IBEX 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 Accion IBEX'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 Accion IBEX 35 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8996 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.19 |
Accion IBEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Accion IBEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Accion IBEX's standard deviation. In reality, there are many statistical measures that can use Accion IBEX historical prices to predict the future Accion IBEX's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (4.59) |
Accion IBEX 35 Backtested Returns
As of now, Accion Etf is very steady. Accion IBEX 35 secures Sharpe Ratio (or Efficiency) of 0.0733, which signifies that the etf had a 0.0733% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Accion IBEX 35, which you can use to evaluate the volatility of the entity. Please confirm Accion IBEX's risk adjusted performance of 0.0745, and Mean Deviation of 0.6012 to double-check if the risk estimate we provide is consistent with the expected return of 0.0574%. The etf shows a Beta (market volatility) of -0.0144, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Accion IBEX are expected to decrease at a much lower rate. During the bear market, Accion IBEX is likely to outperform the market.
Auto-correlation | 0.08 |
Virtually no predictability
Accion IBEX 35 has virtually no predictability. Overlapping area represents the amount of predictability between Accion IBEX time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Accion IBEX 35 price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Accion IBEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Accion IBEX 35 lagged returns against current returns
Autocorrelation, which is Accion IBEX 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 Accion IBEX's etf expected returns. We can calculate the autocorrelation of Accion IBEX returns to help us make a trade decision. For example, suppose you find that Accion IBEX 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 |
Accion IBEX 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 Accion IBEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Accion IBEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Accion IBEX etf over time.
Current vs Lagged Prices |
| Timeline |
Accion IBEX Lagged Returns
When evaluating Accion IBEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Accion IBEX etf have on its future price. Accion IBEX 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, Accion IBEX autocorrelation shows the relationship between Accion IBEX etf current value and its past values and can show if there is a momentum factor associated with investing in Accion IBEX 35.
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 Accion Etf
Accion IBEX financial ratios help investors to determine whether Accion 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 Accion with respect to the benefits of owning Accion IBEX security.