SPX TECHNOLOGIES's market value is the price at which a share of SPX TECHNOLOGIES trades on a public exchange. It measures the collective expectations of SPX TECHNOLOGIES DL investors about its performance. SPX TECHNOLOGIES is trading at 159.00 as of the 22nd of November 2024. This is a 0.63% up since the beginning of the trading day. The stock's lowest day price was 157.0. With this module, you can estimate the performance of a buy and hold strategy of SPX TECHNOLOGIES DL and determine expected loss or profit from investing in SPX TECHNOLOGIES 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 company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SPX
SPX TECHNOLOGIES '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 SPX TECHNOLOGIES's stock 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 SPX TECHNOLOGIES.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in SPX TECHNOLOGIES on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding SPX TECHNOLOGIES DL or generate 0.0% return on investment in SPX TECHNOLOGIES over 30 days.
SPX TECHNOLOGIES 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 SPX TECHNOLOGIES's stock 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 SPX TECHNOLOGIES DL 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 SPX TECHNOLOGIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPX TECHNOLOGIES's standard deviation. In reality, there are many statistical measures that can use SPX TECHNOLOGIES historical prices to predict the future SPX TECHNOLOGIES's volatility.
SPX TECHNOLOGIES appears to be very steady, given 3 months investment horizon. SPX TECHNOLOGIES owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.084, which indicates the firm had a 0.084% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for SPX TECHNOLOGIES DL, which you can use to evaluate the volatility of the company. Please review SPX TECHNOLOGIES's Coefficient Of Variation of 1045.56, risk adjusted performance of 0.08, and Semi Deviation of 2.62 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SPX TECHNOLOGIES holds a performance score of 6. The entity has a beta of 0.97, which indicates possible diversification benefits within a given portfolio. SPX TECHNOLOGIES returns are very sensitive to returns on the market. As the market goes up or down, SPX TECHNOLOGIES is expected to follow. Please check SPX TECHNOLOGIES's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether SPX TECHNOLOGIES's existing price patterns will revert.
Auto-correlation
0.47
Average predictability
SPX TECHNOLOGIES DL has average predictability. Overlapping area represents the amount of predictability between SPX TECHNOLOGIES time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 SPX TECHNOLOGIES price movement. The serial correlation of 0.47 indicates that about 47.0% of current SPX TECHNOLOGIES price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.5
Residual Average
0.0
Price Variance
8.24
SPX TECHNOLOGIES lagged returns against current returns
Autocorrelation, which is SPX TECHNOLOGIES stock'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 SPX TECHNOLOGIES's stock expected returns. We can calculate the autocorrelation of SPX TECHNOLOGIES returns to help us make a trade decision. For example, suppose you find that SPX TECHNOLOGIES has exhibited high autocorrelation historically, and you observe that the stock 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
SPX TECHNOLOGIES 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 SPX TECHNOLOGIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPX TECHNOLOGIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPX TECHNOLOGIES stock over time.
Current vs Lagged Prices
Timeline
SPX TECHNOLOGIES Lagged Returns
When evaluating SPX TECHNOLOGIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPX TECHNOLOGIES stock have on its future price. SPX TECHNOLOGIES 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, SPX TECHNOLOGIES autocorrelation shows the relationship between SPX TECHNOLOGIES stock current value and its past values and can show if there is a momentum factor associated with investing in SPX TECHNOLOGIES DL.