Blue-Chip SBITOP's market value is the price at which a share of Blue-Chip SBITOP trades on a public exchange. It measures the collective expectations of Blue-Chip SBITOP investors about its performance. Blue-Chip SBITOP is listed at 1652.61 as of the 30th of November 2024, which is a 0.46% down since the beginning of the trading day. The index's open price was 1660.29. With this module, you can estimate the performance of a buy and hold strategy of Blue-Chip SBITOP and determine expected loss or profit from investing in Blue-Chip SBITOP over a given investment horizon. Check out World Market Map 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 persons.
Symbol
Blue-Chip
Blue-Chip SBITOP '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 Blue-Chip SBITOP'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 Blue-Chip SBITOP.
0.00
11/06/2023
No Change 0.00
0.0
In 1 year and 26 days
11/30/2024
0.00
If you would invest 0.00 in Blue-Chip SBITOP on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Blue-Chip SBITOP or generate 0.0% return on investment in Blue-Chip SBITOP over 390 days.
Blue-Chip SBITOP 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 Blue-Chip SBITOP'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 Blue-Chip SBITOP 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 Blue-Chip SBITOP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue-Chip SBITOP's standard deviation. In reality, there are many statistical measures that can use Blue-Chip SBITOP historical prices to predict the future Blue-Chip SBITOP's volatility.
Blue-Chip SBITOP secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the index had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Blue-Chip SBITOP, 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 Blue-Chip SBITOP are completely uncorrelated.
Auto-correlation
0.59
Modest predictability
Blue-Chip SBITOP has modest predictability. Overlapping area represents the amount of predictability between Blue-Chip SBITOP time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Blue-Chip SBITOP price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Blue-Chip SBITOP price fluctuation can be explain by its past prices.
Correlation Coefficient
0.59
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
2129.76
Blue-Chip SBITOP lagged returns against current returns
Autocorrelation, which is Blue-Chip SBITOP 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 Blue-Chip SBITOP's index expected returns. We can calculate the autocorrelation of Blue-Chip SBITOP returns to help us make a trade decision. For example, suppose you find that Blue-Chip SBITOP 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
Blue-Chip SBITOP 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 Blue-Chip SBITOP index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue-Chip SBITOP index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue-Chip SBITOP index over time.
Current vs Lagged Prices
Timeline
Blue-Chip SBITOP Lagged Returns
When evaluating Blue-Chip SBITOP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue-Chip SBITOP index have on its future price. Blue-Chip SBITOP 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, Blue-Chip SBITOP autocorrelation shows the relationship between Blue-Chip SBITOP index current value and its past values and can show if there is a momentum factor associated with investing in Blue-Chip SBITOP.
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.