Indexco Limited's market value is the price at which a share of Indexco Limited trades on a public exchange. It measures the collective expectations of Indexco Limited investors about its performance. Indexco Limited is trading at 4286.00 as of the 25th of November 2024, a 0.14 percent increase since the beginning of the trading day. The etf's open price was 4280.0. With this module, you can estimate the performance of a buy and hold strategy of Indexco Limited and determine expected loss or profit from investing in Indexco Limited 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 nation.
Symbol
Indexco
Indexco Limited '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 Indexco Limited's 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 Indexco Limited.
0.00
10/26/2024
No Change 0.00
0.0
In 31 days
11/25/2024
0.00
If you would invest 0.00 in Indexco Limited on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Indexco Limited or generate 0.0% return on investment in Indexco Limited over 30 days.
Indexco Limited 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 Indexco Limited's 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 Indexco Limited 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 Indexco Limited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indexco Limited's standard deviation. In reality, there are many statistical measures that can use Indexco Limited historical prices to predict the future Indexco Limited's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Indexco Limited. Your research has to be compared to or analyzed against Indexco Limited's peers to derive any actionable benefits. When done correctly, Indexco Limited's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Indexco Limited.
Indexco Limited Backtested Returns
At this point, Indexco Limited is very steady. Indexco Limited holds Efficiency (Sharpe) Ratio of 0.0261, which attests that the entity had a 0.0261% return per unit of risk over the last 3 months. We have found thirty technical indicators for Indexco Limited, which you can use to evaluate the volatility of the entity. Please check out Indexco Limited's Risk Adjusted Performance of 0.0395, market risk adjusted performance of 9.77, and Downside Deviation of 0.6326 to validate if the risk estimate we provide is consistent with the expected return of 0.0172%. The etf retains a Market Volatility (i.e., Beta) of 0.0026, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Indexco Limited's returns are expected to increase less than the market. However, during the bear market, the loss of holding Indexco Limited is expected to be smaller as well.
Auto-correlation
-0.79
Almost perfect reverse predictability
Indexco Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Indexco Limited time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Indexco Limited price movement. The serial correlation of -0.79 indicates that around 79.0% of current Indexco Limited price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.85
Residual Average
0.0
Price Variance
962.51
Indexco Limited lagged returns against current returns
Autocorrelation, which is Indexco Limited 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 Indexco Limited's etf expected returns. We can calculate the autocorrelation of Indexco Limited returns to help us make a trade decision. For example, suppose you find that Indexco Limited 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
Indexco Limited 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 Indexco Limited etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indexco Limited etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indexco Limited etf over time.
Current vs Lagged Prices
Timeline
Indexco Limited Lagged Returns
When evaluating Indexco Limited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indexco Limited etf have on its future price. Indexco Limited 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, Indexco Limited autocorrelation shows the relationship between Indexco Limited etf current value and its past values and can show if there is a momentum factor associated with investing in Indexco Limited .
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.