ARCA Japan's market value is the price at which a share of ARCA Japan trades on a public exchange. It measures the collective expectations of ARCA Japan investors about its performance. ARCA Japan is listed at 358.54 as of the 29th of November 2024, which is a 0.48% down since the beginning of the trading day. The index's lowest day price was 358.54. With this module, you can estimate the performance of a buy and hold strategy of ARCA Japan and determine expected loss or profit from investing in ARCA Japan 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
ARCA
ARCA Japan '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 ARCA Japan'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 ARCA Japan.
0.00
10/30/2024
No Change 0.00
0.0
In 30 days
11/29/2024
0.00
If you would invest 0.00 in ARCA Japan on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ARCA Japan or generate 0.0% return on investment in ARCA Japan over 30 days.
ARCA Japan 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 ARCA Japan'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 ARCA Japan 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 ARCA Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ARCA Japan's standard deviation. In reality, there are many statistical measures that can use ARCA Japan historical prices to predict the future ARCA Japan's volatility.
ARCA Japan retains Efficiency (Sharpe Ratio) of -0.0131, which signifies that the index had a -0.0131% return per unit of risk over the last 3 months. ARCA Japan exposes twenty-six different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ARCA Japan are completely uncorrelated.
Auto-correlation
-0.43
Modest reverse predictability
ARCA Japan has modest reverse predictability. Overlapping area represents the amount of predictability between ARCA Japan 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 ARCA Japan price movement. The serial correlation of -0.43 indicates that just about 43.0% of current ARCA Japan price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.43
Spearman Rank Test
-0.14
Residual Average
0.0
Price Variance
1.1
ARCA Japan lagged returns against current returns
Autocorrelation, which is ARCA Japan 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 ARCA Japan's index expected returns. We can calculate the autocorrelation of ARCA Japan returns to help us make a trade decision. For example, suppose you find that ARCA Japan 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
ARCA Japan 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 ARCA Japan index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ARCA Japan index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ARCA Japan index over time.
Current vs Lagged Prices
Timeline
ARCA Japan Lagged Returns
When evaluating ARCA Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ARCA Japan index have on its future price. ARCA Japan 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, ARCA Japan autocorrelation shows the relationship between ARCA Japan index current value and its past values and can show if there is a momentum factor associated with investing in ARCA Japan.
Regressed Prices
Timeline
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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.