IBEX 35 (Spain) Backtesting

IBEX -- Spain Index  

 9,202  87.80  0.96%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of IBEX 35 and determine expected loss or profit from investing in IBEX 35 over given investment horizon. See also IBEX 35 Hype Analysis, IBEX 35 Correlation, Portfolio Optimization, IBEX 35 Volatility as well as analyze IBEX 35 Alpha and Beta and IBEX 35 Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

IBEX 35 'What if' Analysis

March 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
May 24, 2019
0.00
If you would invest  0.00  in IBEX 35 on March 25, 2019 and sell it all today you would earn a total of 0.00 from holding IBEX 35 or generate 0.0% return on investment in IBEX 35 over 60 days.

IBEX 35 Upside/Downside Indicators

Information Ratio(0.1)
Maximum Drawdown2.64
Value At Risk(1.29)
Potential Upside1.1

IBEX 35 Market Premium Indicators

Risk Adjusted Performance(0.06)
Total Risk Alpha(0.07)

IBEX 35 Backtested Returns

IBEX 35 holds Efficiency (Sharpe) Ratio of -0.0221 which attests that the index had -0.0221% of return per unit of return volatility over the last 2 months. Macroaxis approach into determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. IBEX 35 exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. The entity retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and IBEX 35 are completely uncorrelated. Even though it is essential to pay attention to IBEX 35 current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach into determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. IBEX 35 exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.70) 
correlation synergy

Very good reverse predictability

IBEX 35 has very good reverse predictability. Overlapping area represents the amount of predictability between IBEX 35 time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 24, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IBEX 35 price movement. The serial correlation of -0.7 indicates that around 70.0% of current IBEX 35 price fluctuation can be explain by its past prices. Given that IBEX 35 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IBEX 35 for similar time interval.
Correlation Coefficient-0.7
Spearman Rank Test-0.38
Residual Average0.0
Price Variance22805.45

IBEX 35 lagged returns against current returns

 Current and Lagged Values 
      Timeline 

IBEX 35 regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

IBEX 35 Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Cryptocurrency Center Now

   

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
All  Next Launch Module

Also Currentnly Active

Purchased few shares of
few hours ago
Traded for 197.0
Purchased over 100 shares of
few hours ago
Traded for 2.86
Purchased few shares of
few hours ago
Traded for 161.74
See also IBEX 35 Hype Analysis, IBEX 35 Correlation, Portfolio Optimization, IBEX 35 Volatility as well as analyze IBEX 35 Alpha and Beta and IBEX 35 Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Search macroaxis.com