Source Markets (Germany) Market Value
| SC0V Etf | EUR 329.40 0.90 0.27% |
| Symbol | Source |
Please note, there is a significant difference between Source Markets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Source Markets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Source Markets' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Source Markets '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 Source Markets' 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 Source Markets.
| 01/21/2025 |
| 01/16/2026 |
If you would invest 0.00 in Source Markets on January 21, 2025 and sell it all today you would earn a total of 0.00 from holding Source Markets plc or generate 0.0% return on investment in Source Markets over 360 days. Source Markets is related to or competes with Invesco Markets, Invesco Markets, Invesco Euro, and Invesco MSCI. More
Source Markets 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 Source Markets' 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 Source Markets plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.66 |
Source Markets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Markets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Markets' standard deviation. In reality, there are many statistical measures that can use Source Markets historical prices to predict the future Source Markets' volatility.| Risk Adjusted Performance | 0.1037 | |||
| Jensen Alpha | 0.1244 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0304 | |||
| Treynor Ratio | 1.74 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Source Markets' 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.
Source Markets plc Backtested Returns
Source Markets appears to be very steady, given 3 months investment horizon. Source Markets plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the etf had a 0.23 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Source Markets plc, which you can use to evaluate the volatility of the etf. Please review Source Markets' Semi Deviation of 0.8922, coefficient of variation of 687.59, and Risk Adjusted Performance of 0.1037 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0756, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Source Markets' returns are expected to increase less than the market. However, during the bear market, the loss of holding Source Markets is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Source Markets plc has poor predictability. Overlapping area represents the amount of predictability between Source Markets time series from 21st of January 2025 to 20th of July 2025 and 20th of July 2025 to 16th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Source Markets plc price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Source Markets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 190.4 |
Source Markets plc lagged returns against current returns
Autocorrelation, which is Source Markets 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 Source Markets' etf expected returns. We can calculate the autocorrelation of Source Markets returns to help us make a trade decision. For example, suppose you find that Source Markets 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 |
Source Markets 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 Source Markets etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source Markets etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source Markets etf over time.
Current vs Lagged Prices |
| Timeline |
Source Markets Lagged Returns
When evaluating Source Markets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source Markets etf have on its future price. Source Markets 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, Source Markets autocorrelation shows the relationship between Source Markets etf current value and its past values and can show if there is a momentum factor associated with investing in Source Markets plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Source Etf
Source Markets financial ratios help investors to determine whether Source Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Source with respect to the benefits of owning Source Markets security.