Select Sector (Mexico) Market Value
| XLE Etf | MXN 1,962 32.50 1.63% |
| Symbol | Select |
Select Sector '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 Select Sector'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 Select Sector.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Select Sector on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding The Select Sector or generate 0.0% return on investment in Select Sector over 300 days. Select Sector is related to or competes with Vanguard Index, and Vanguard International. The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield pe... More
Select Sector 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 Select Sector'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 The Select Sector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0934 | |||
| Maximum Drawdown | 6.1 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.23 |
Select Sector Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select Sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Sector's standard deviation. In reality, there are many statistical measures that can use Select Sector historical prices to predict the future Select Sector's volatility.| Risk Adjusted Performance | 0.1498 | |||
| Jensen Alpha | 0.1999 | |||
| Total Risk Alpha | 0.0367 | |||
| Sortino Ratio | 0.0997 | |||
| Treynor Ratio | 0.6767 |
Select Sector Backtested Returns
Select Sector appears to be very steady, given 3 months investment horizon. Select Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Select Sector, which you can use to evaluate the volatility of the etf. Please review Select Sector's Coefficient Of Variation of 525.17, risk adjusted performance of 0.1498, and Semi Deviation of 0.8852 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Select Sector's returns are expected to increase less than the market. However, during the bear market, the loss of holding Select Sector is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
The Select Sector has good predictability. Overlapping area represents the amount of predictability between Select Sector time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Select Sector price movement. The serial correlation of 0.72 indicates that around 72.0% of current Select Sector price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 8954.41 |
Select Sector lagged returns against current returns
Autocorrelation, which is Select Sector 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 Select Sector's etf expected returns. We can calculate the autocorrelation of Select Sector returns to help us make a trade decision. For example, suppose you find that Select Sector 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 |
Select Sector 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 Select Sector etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Sector etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Sector etf over time.
Current vs Lagged Prices |
| Timeline |
Select Sector Lagged Returns
When evaluating Select Sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Sector etf have on its future price. Select Sector 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, Select Sector autocorrelation shows the relationship between Select Sector etf current value and its past values and can show if there is a momentum factor associated with investing in The Select Sector.
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.Other Information on Investing in Select Etf
Select Sector financial ratios help investors to determine whether Select Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Select with respect to the benefits of owning Select Sector security.