CBOE Gold's market value is the price at which a share of CBOE Gold trades on a public exchange. It measures the collective expectations of CBOE Gold Volatitity investors about its performance. CBOE Gold is listed at 16.54 as of the 28th of November 2024, which is a 2.71% down since the beginning of the trading day. The index's lowest day price was 16.24. With this module, you can estimate the performance of a buy and hold strategy of CBOE Gold Volatitity and determine expected loss or profit from investing in CBOE Gold over a given investment horizon. Check out Risk vs Return Analysis 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
CBOE
CBOE Gold '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 CBOE Gold'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 CBOE Gold.
0.00
10/29/2024
No Change 0.00
0.0
In 30 days
11/28/2024
0.00
If you would invest 0.00 in CBOE Gold on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding CBOE Gold Volatitity or generate 0.0% return on investment in CBOE Gold over 30 days.
CBOE Gold 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 CBOE Gold'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 CBOE Gold Volatitity 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 CBOE Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CBOE Gold's standard deviation. In reality, there are many statistical measures that can use CBOE Gold historical prices to predict the future CBOE Gold's volatility.
CBOE Gold Volatitity secures Sharpe Ratio (or Efficiency) of 0.0198, which signifies that the index had a 0.0198% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for CBOE Gold Volatitity, which you can use to evaluate the volatility of the entity. The entity shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CBOE Gold are completely uncorrelated.
Auto-correlation
0.34
Below average predictability
CBOE Gold Volatitity has below average predictability. Overlapping area represents the amount of predictability between CBOE Gold 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 CBOE Gold Volatitity price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current CBOE Gold price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
0.14
Residual Average
0.0
Price Variance
0.23
CBOE Gold Volatitity lagged returns against current returns
Autocorrelation, which is CBOE Gold 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 CBOE Gold's index expected returns. We can calculate the autocorrelation of CBOE Gold returns to help us make a trade decision. For example, suppose you find that CBOE Gold 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
CBOE Gold 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 CBOE Gold index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CBOE Gold index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CBOE Gold index over time.
Current vs Lagged Prices
Timeline
CBOE Gold Lagged Returns
When evaluating CBOE Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CBOE Gold index have on its future price. CBOE Gold 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, CBOE Gold autocorrelation shows the relationship between CBOE Gold index current value and its past values and can show if there is a momentum factor associated with investing in CBOE Gold Volatitity.
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.