SDAX Index's market value is the price at which a share of SDAX Index trades on a public exchange. It measures the collective expectations of SDAX Index investors about its performance. SDAX Index is listed for 13557.80 as of the 30th of November 2024. This is a 0.80% up since the beginning of the trading day. The index's open price was 13449.89. With this module, you can estimate the performance of a buy and hold strategy of SDAX Index and determine expected loss or profit from investing in SDAX Index 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 gross domestic product.
Symbol
SDAX
SDAX Index '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 SDAX Index'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 SDAX Index.
0.00
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in SDAX Index on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SDAX Index or generate 0.0% return on investment in SDAX Index over 30 days.
SDAX Index 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 SDAX Index'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 SDAX Index 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 SDAX Index's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SDAX Index's standard deviation. In reality, there are many statistical measures that can use SDAX Index historical prices to predict the future SDAX Index's volatility.
SDAX Index retains Efficiency (Sharpe Ratio) of -0.0388, which indicates the index had a -0.0388% return per unit of risk over the last 3 months. SDAX Index exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SDAX Index are completely uncorrelated.
Auto-correlation
0.15
Insignificant predictability
SDAX Index has insignificant predictability. Overlapping area represents the amount of predictability between SDAX Index time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 SDAX Index price movement. The serial correlation of 0.15 indicates that less than 15.0% of current SDAX Index price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
-0.39
Residual Average
0.0
Price Variance
12.3 K
SDAX Index lagged returns against current returns
Autocorrelation, which is SDAX Index 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 SDAX Index's index expected returns. We can calculate the autocorrelation of SDAX Index returns to help us make a trade decision. For example, suppose you find that SDAX Index 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
SDAX Index 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 SDAX Index index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SDAX Index index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SDAX Index index over time.
Current vs Lagged Prices
Timeline
SDAX Index Lagged Returns
When evaluating SDAX Index's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SDAX Index index have on its future price. SDAX Index 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, SDAX Index autocorrelation shows the relationship between SDAX Index index current value and its past values and can show if there is a momentum factor associated with investing in SDAX Index.
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.