SPTSX Index Market Value

GSPTSE -  Canada Index  

 20,288  23.98  0.12%

SPTSX Comp's market value is the price at which a share of SPTSX Comp stock trades on a public exchange. It measures the collective expectations of SPTSX Comp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPTSX Comp and determine expected loss or profit from investing in SPTSX Comp over a given investment horizon. Check out SPTSX Comp Hype Analysis, SPTSX Comp Correlation, Portfolio Optimization, SPTSX Comp Volatility, as well as analyze SPTSX Comp Alpha and Beta and SPTSX Comp Performance.
Symbol
Backtest

Please note, there is a significant difference between SPTSX Comp's value and its price as these two are different measures arrived at by different means. Investors typically determine SPTSX Comp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPTSX Comp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SPTSX Comp '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 SPTSX Comp's 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 SPTSX Comp.
0.00
08/07/2020
No Change 0.00  0.0 
In 11 months and 27 days
08/02/2021
0.00
If you would invest  0.00  in SPTSX Comp on August 7, 2020 and sell it all today you would earn a total of 0.00 from holding SPTSX Comp or generate 0.0% return on investment in SPTSX Comp over 360 days.

SPTSX Comp 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 SPTSX Comp's 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 SPTSX Comp upside and downside potential and time the market with a certain degree of confidence.

SPTSX Comp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPTSX Comp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPTSX Comp's standard deviation. In reality, there are many statistical measures that can use SPTSX Comp historical prices to predict the future SPTSX Comp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SPTSX Comp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of SPTSX Comp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
20,28720,28820,288
Details
Intrinsic
Valuation
LowReal ValueHigh
16,83816,83922,317
Details
Naive
Forecast
LowNext ValueHigh
20,37420,37520,375
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19,92520,15720,388
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPTSX Comp. Your research has to be compared to or analyzed against SPTSX Comp's peers to derive any actionable benefits. When done correctly, SPTSX Comp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SPTSX Comp.

SPTSX Comp Backtested Returns

SPTSX Comp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the index had 0.17% of return per unit of standard deviation over the last 3 months. Our standpoint towards measuring the volatility of an index is to use all available market data together with index-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for SPTSX Comp, which you can use to evaluate the future volatility of the index.
The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. Let's try to break down what SPTSX's beta means in this case. the returns on MARKET and SPTSX Comp are completely uncorrelated. Although it is extremely important to respect SPTSX Comp current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any index is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating SPTSX Comp technical indicators, you can currently evaluate if the expected return of 0.0899% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.79   

Good predictability

SPTSX Comp has good predictability. Overlapping area represents the amount of predictability between SPTSX Comp time series from 7th of August 2020 to 3rd of February 2021 and 3rd of February 2021 to 2nd of August 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SPTSX Comp price movement. The serial correlation of 0.79 indicates that around 79.0% of current SPTSX Comp price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.73
Residual Average0.0
Price Variance486999.13

SPTSX Comp lagged returns against current returns

Autocorrelation, which is SPTSX Comp 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 SPTSX Comp's index expected returns. We can calculate the autocorrelation of SPTSX Comp returns to help us make a trade decision. For example, suppose you find that SPTSX Comp index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

SPTSX Comp 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 SPTSX Comp index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPTSX Comp index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPTSX Comp index over time.
 Current vs Lagged Prices 
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      Timeline 

SPTSX Comp Lagged Returns

When evaluating SPTSX Comp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPTSX Comp index have on its future price. SPTSX Comp 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, SPTSX Comp autocorrelation shows the relationship between SPTSX Comp index current value and its past values and can show if there is a momentum factor associated with investing in SPTSX Comp.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in SPTSX Comp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out SPTSX Comp Hype Analysis, SPTSX Comp Correlation, Portfolio Optimization, SPTSX Comp Volatility, as well as analyze SPTSX Comp Alpha and Beta and SPTSX Comp Performance. Note that the SPTSX Comp information on this page should be used as a complementary analysis to other SPTSX Comp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for SPTSX Index

When running SPTSX Comp price analysis, check to measure SPTSX Comp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPTSX Comp is operating at the current time. Most of SPTSX Comp's value examination focuses on studying past and present price action to predict the probability of SPTSX Comp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPTSX Comp's price. Additionally, you may evaluate how the addition of SPTSX Comp to your portfolios can decrease your overall portfolio volatility.
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