Standard Bank's market value is the price at which a share of Standard Bank trades on a public exchange. It measures the collective expectations of Standard Bank Oil investors about its performance. Standard Bank is trading at 10879.00 as of the 29th of November 2024, a 0.31% increase since the beginning of the trading day. The etf's open price was 10845.0. With this module, you can estimate the performance of a buy and hold strategy of Standard Bank Oil and determine expected loss or profit from investing in Standard Bank over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Standard
Standard Bank '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 Standard Bank'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 Standard Bank.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in Standard Bank on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Standard Bank Oil or generate 0.0% return on investment in Standard Bank over 30 days.
Standard Bank 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 Standard Bank'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 Standard Bank Oil 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 Standard Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Standard Bank's standard deviation. In reality, there are many statistical measures that can use Standard Bank historical prices to predict the future Standard Bank's volatility.
At this point, Standard Bank is very steady. Standard Bank Oil owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.057, which indicates the etf had a 0.057% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Standard Bank Oil, which you can use to evaluate the volatility of the etf. Please validate Standard Bank's Semi Deviation of 0.6929, coefficient of variation of 2194.2, and Risk Adjusted Performance of 0.0316 to confirm if the risk estimate we provide is consistent with the expected return of 0.0334%. The entity has a beta of 0.0803, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Standard Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Standard Bank is expected to be smaller as well.
Auto-correlation
0.48
Average predictability
Standard Bank Oil has average predictability. Overlapping area represents the amount of predictability between Standard Bank 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 Standard Bank Oil price movement. The serial correlation of 0.48 indicates that about 48.0% of current Standard Bank price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
6315.45
Standard Bank Oil lagged returns against current returns
Autocorrelation, which is Standard Bank 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 Standard Bank's etf expected returns. We can calculate the autocorrelation of Standard Bank returns to help us make a trade decision. For example, suppose you find that Standard Bank 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
Standard Bank 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 Standard Bank etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Standard Bank etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Standard Bank etf over time.
Current vs Lagged Prices
Timeline
Standard Bank Lagged Returns
When evaluating Standard Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Standard Bank etf have on its future price. Standard Bank 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, Standard Bank autocorrelation shows the relationship between Standard Bank etf current value and its past values and can show if there is a momentum factor associated with investing in Standard Bank Oil.
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.