Source Markets' market value is the price at which a share of Source Markets trades on a public exchange. It measures the collective expectations of Source Markets plc investors about its performance. Source Markets is trading at 565.50 as of the 11th of December 2024, a 0.25 percent increase since the beginning of the trading day. The etf's lowest day price was 558.7. With this module, you can estimate the performance of a buy and hold strategy of Source Markets plc and determine expected loss or profit from investing in Source Markets 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 etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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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.
0.00
11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in Source Markets on November 11, 2024 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 30 days.
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.
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.
At this point, Source Markets is very steady. Source Markets plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.099, which indicates the etf had a 0.099% return per unit of risk over the last 3 months. We have found thirty technical indicators for Source Markets plc, which you can use to evaluate the volatility of the etf. Please validate Source Markets' Risk Adjusted Performance of 0.0926, coefficient of variation of 832.29, and Semi Deviation of 1.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. 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
0.53
Modest predictability
Source Markets plc has modest predictability. Overlapping area represents the amount of predictability between Source Markets time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Source Markets plc price movement. The serial correlation of 0.53 indicates that about 53.0% of current Source Markets price fluctuation can be explain by its past prices.
Correlation Coefficient
0.53
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
107.84
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
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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
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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
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.