BEL-20 INDEX's market value is the price at which a share of BEL-20 INDEX trades on a public exchange. It measures the collective expectations of BEL-20 INDEX investors about its performance. BEL-20 INDEX is listed at 4158.90 as of the 22nd of November 2024, which is a 0.52% up since the beginning of the trading day. The index's lowest day price was 4107.51. With this module, you can estimate the performance of a buy and hold strategy of BEL-20 INDEX and determine expected loss or profit from investing in BEL-20 INDEX 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 gross domestic product.
Symbol
BEL-20
BEL-20 INDEX '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 BEL-20 INDEX'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 BEL-20 INDEX.
0.00
10/23/2024
No Change 0.00
0.0
In 30 days
11/22/2024
0.00
If you would invest 0.00 in BEL-20 INDEX on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding BEL-20 INDEX or generate 0.0% return on investment in BEL-20 INDEX over 30 days.
BEL-20 INDEX 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 BEL-20 INDEX'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 BEL-20 INDEX 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 BEL-20 INDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BEL-20 INDEX's standard deviation. In reality, there are many statistical measures that can use BEL-20 INDEX historical prices to predict the future BEL-20 INDEX's volatility.
BEL-20 INDEX secures Sharpe Ratio (or Efficiency) of 0.0183, which signifies that the index had a 0.0183% return per unit of return volatility over the last 3 months. We have found twenty-six technical indicators for BEL-20 INDEX, which you can use to evaluate the volatility of the entity. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BEL-20 INDEX are completely uncorrelated.
Auto-correlation
0.51
Modest predictability
BEL-20 INDEX has modest predictability. Overlapping area represents the amount of predictability between BEL-20 INDEX time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 BEL-20 INDEX price movement. The serial correlation of 0.51 indicates that about 51.0% of current BEL-20 INDEX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
3284.51
BEL-20 INDEX lagged returns against current returns
Autocorrelation, which is BEL-20 INDEX 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 BEL-20 INDEX's index expected returns. We can calculate the autocorrelation of BEL-20 INDEX returns to help us make a trade decision. For example, suppose you find that BEL-20 INDEX 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
BEL-20 INDEX 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 BEL-20 INDEX index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BEL-20 INDEX index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BEL-20 INDEX index over time.
Current vs Lagged Prices
Timeline
BEL-20 INDEX Lagged Returns
When evaluating BEL-20 INDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BEL-20 INDEX index have on its future price. BEL-20 INDEX 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, BEL-20 INDEX autocorrelation shows the relationship between BEL-20 INDEX index current value and its past values and can show if there is a momentum factor associated with investing in BEL-20 INDEX.
Regressed Prices
Timeline
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