IBEX Total (Spain) Market Value

IBEXTR Index   41,542  353.20  0.86%   
IBEX Total's market value is the price at which a share of IBEX Total trades on a public exchange. It measures the collective expectations of IBEX Total Return investors about its performance. IBEX Total is listed at 41542.20 as of the 9th of January 2025, which is a 0.86% increase since the beginning of the trading day. The index's open price was 41189.0.
With this module, you can estimate the performance of a buy and hold strategy of IBEX Total Return and determine expected loss or profit from investing in IBEX Total 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 estimate.
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IBEX Total '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 IBEX Total'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 IBEX Total.
0.00
01/20/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
01/09/2025
0.00
If you would invest  0.00  in IBEX Total on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding IBEX Total Return or generate 0.0% return on investment in IBEX Total over 720 days.

IBEX Total 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 IBEX Total'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 IBEX Total Return upside and downside potential and time the market with a certain degree of confidence.

IBEX Total Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IBEX Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IBEX Total's standard deviation. In reality, there are many statistical measures that can use IBEX Total historical prices to predict the future IBEX Total's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IBEX Total'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.

IBEX Total Return Backtested Returns

IBEX Total Return holds Efficiency (Sharpe) Ratio of 0.0513, which attests that the index had a 0.0513% return per unit of return volatility over the last 3 months. We have found twenty-six technical indicators for IBEX Total Return, which you can use to evaluate the volatility of the entity. The entity retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and IBEX Total are completely uncorrelated.

Auto-correlation

    
  0.66  

Good predictability

IBEX Total Return has good predictability. Overlapping area represents the amount of predictability between IBEX Total time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IBEX Total Return price movement. The serial correlation of 0.66 indicates that around 66.0% of current IBEX Total price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.69
Residual Average0.0
Price Variance6.2 M

IBEX Total Return lagged returns against current returns

Autocorrelation, which is IBEX Total 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 IBEX Total's index expected returns. We can calculate the autocorrelation of IBEX Total returns to help us make a trade decision. For example, suppose you find that IBEX Total 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  

IBEX Total 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 IBEX Total index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IBEX Total index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IBEX Total index over time.
   Current vs Lagged Prices   
       Timeline  

IBEX Total Lagged Returns

When evaluating IBEX Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IBEX Total index have on its future price. IBEX Total 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, IBEX Total autocorrelation shows the relationship between IBEX Total index current value and its past values and can show if there is a momentum factor associated with investing in IBEX Total Return.
   Regressed Prices   
       Timeline  

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