PHLX Swiss' market value is the price at which a share of PHLX Swiss trades on a public exchange. It measures the collective expectations of PHLX Swiss Franc investors about its performance. PHLX Swiss is listed at 113.55 as of the 2nd of December 2024, which is a 0.11 percent increase since the beginning of the trading day. The index's lowest day price was 113.25. With this module, you can estimate the performance of a buy and hold strategy of PHLX Swiss Franc and determine expected loss or profit from investing in PHLX Swiss 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
PHLX
PHLX Swiss '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 PHLX Swiss' 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 PHLX Swiss.
0.00
06/05/2024
No Change 0.00
0.0
In 5 months and 29 days
12/02/2024
0.00
If you would invest 0.00 in PHLX Swiss on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding PHLX Swiss Franc or generate 0.0% return on investment in PHLX Swiss over 180 days.
PHLX Swiss 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 PHLX Swiss' 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 PHLX Swiss Franc 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 PHLX Swiss' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHLX Swiss' standard deviation. In reality, there are many statistical measures that can use PHLX Swiss historical prices to predict the future PHLX Swiss' volatility.
PHLX Swiss Franc maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of volatility over the last 3 months. PHLX Swiss Franc exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PHLX Swiss are completely uncorrelated.
Auto-correlation
-0.87
Excellent reverse predictability
PHLX Swiss Franc has excellent reverse predictability. Overlapping area represents the amount of predictability between PHLX Swiss time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 PHLX Swiss Franc price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current PHLX Swiss price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.87
Spearman Rank Test
-0.79
Residual Average
0.0
Price Variance
3.85
PHLX Swiss Franc lagged returns against current returns
Autocorrelation, which is PHLX Swiss 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 PHLX Swiss' index expected returns. We can calculate the autocorrelation of PHLX Swiss returns to help us make a trade decision. For example, suppose you find that PHLX Swiss 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
PHLX Swiss 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 PHLX Swiss index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHLX Swiss index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHLX Swiss index over time.
Current vs Lagged Prices
Timeline
PHLX Swiss Lagged Returns
When evaluating PHLX Swiss' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHLX Swiss index have on its future price. PHLX Swiss 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, PHLX Swiss autocorrelation shows the relationship between PHLX Swiss index current value and its past values and can show if there is a momentum factor associated with investing in PHLX Swiss Franc.
Regressed Prices
Timeline
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