Sygnia Itrix's market value is the price at which a share of Sygnia Itrix trades on a public exchange. It measures the collective expectations of Sygnia Itrix Solactive investors about its performance. Sygnia Itrix is selling for under 3270.00 as of the 1st of February 2025; that is 1.33 percent increase since the beginning of the trading day. The etf's lowest day price was 3249.0. With this module, you can estimate the performance of a buy and hold strategy of Sygnia Itrix Solactive and determine expected loss or profit from investing in Sygnia Itrix 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.
Symbol
Sygnia
Sygnia Itrix '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 Sygnia Itrix'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 Sygnia Itrix.
0.00
01/02/2025
No Change 0.00
0.0
In 31 days
02/01/2025
0.00
If you would invest 0.00 in Sygnia Itrix on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Sygnia Itrix Solactive or generate 0.0% return on investment in Sygnia Itrix over 30 days.
Sygnia Itrix 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 Sygnia Itrix'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 Sygnia Itrix Solactive 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 Sygnia Itrix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sygnia Itrix's standard deviation. In reality, there are many statistical measures that can use Sygnia Itrix historical prices to predict the future Sygnia Itrix's volatility.
Currently, Sygnia Itrix Solactive is very steady. Sygnia Itrix Solactive owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0478, which indicates the etf had a 0.0478 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sygnia Itrix Solactive, which you can use to evaluate the volatility of the etf. Please validate Sygnia Itrix's Semi Deviation of 0.9633, coefficient of variation of 2090.54, and Risk Adjusted Performance of 0.0428 to confirm if the risk estimate we provide is consistent with the expected return of 0.0551%. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sygnia Itrix's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sygnia Itrix is expected to be smaller as well.
Auto-correlation
0.58
Modest predictability
Sygnia Itrix Solactive has modest predictability. Overlapping area represents the amount of predictability between Sygnia Itrix time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sygnia Itrix Solactive price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Sygnia Itrix price fluctuation can be explain by its past prices.
Correlation Coefficient
0.58
Spearman Rank Test
0.54
Residual Average
0.0
Price Variance
3475.85
Sygnia Itrix Solactive lagged returns against current returns
Autocorrelation, which is Sygnia Itrix 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 Sygnia Itrix's etf expected returns. We can calculate the autocorrelation of Sygnia Itrix returns to help us make a trade decision. For example, suppose you find that Sygnia Itrix 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
Sygnia Itrix 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 Sygnia Itrix etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sygnia Itrix etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sygnia Itrix etf over time.
Current vs Lagged Prices
Timeline
Sygnia Itrix Lagged Returns
When evaluating Sygnia Itrix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sygnia Itrix etf have on its future price. Sygnia Itrix 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, Sygnia Itrix autocorrelation shows the relationship between Sygnia Itrix etf current value and its past values and can show if there is a momentum factor associated with investing in Sygnia Itrix Solactive.
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.