IBEX 35 (Spain) Market Value

IBEX -  Spain Index  

 8,471  65.20  0.78%

IBEX 35's market value is the price at which a share of IBEX 35 stock trades on a public exchange. It measures the collective expectations of IBEX 35 investors about the entity's future performance. With this module, you 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 a given investment horizon. Check out 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.
Symbol
Backtest

Please note, there is a significant difference between IBEX 35's value and its price as these two are different measures arrived at by different means. Investors typically determine IBEX 35 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IBEX 35'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.

IBEX 35 '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 IBEX 35'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 IBEX 35.
0.00
05/30/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
05/20/2022
0.00
If you would invest  0.00  in IBEX 35 on May 30, 2020 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 720 days.

IBEX 35 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 IBEX 35'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 IBEX 35 upside and downside potential and time the market with a certain degree of confidence.

IBEX 35 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IBEX 35's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IBEX 35's standard deviation. In reality, there are many statistical measures that can use IBEX 35 historical prices to predict the future IBEX 35's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of IBEX 35'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 IBEX 35 in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
8,4048,4068,408
Details
Intrinsic
Valuation
LowReal ValueHigh
8,3168,3189,247
Details
Naive
Forecast
LowNext ValueHigh
8,4898,4908,492
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8,1168,4738,829
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IBEX 35. Your research has to be compared to or analyzed against IBEX 35's peers to derive any actionable benefits. When done correctly, IBEX 35'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 IBEX 35.

IBEX 35 Backtested Returns

IBEX 35 holds Efficiency (Sharpe) Ratio of 0.0058, which attests that the index had 0.0058% of return per unit of return volatility over the last 3 months. Our approach into determining 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-eight technical indicators for IBEX 35, which you can use to evaluate the future volatility of the entity.
The entity retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. Let's try to break down what IBEX 35's beta means in this case. the returns on MARKET and IBEX 35 are completely uncorrelated. Although it is extremely important to respect IBEX 35 current price history, it is better to be realistic regarding the information on equity current price movements. The approach into determining 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 inspecting IBEX 35 technical indicators, you can right now evaluate if the expected return of 0.0092% will be sustainable into the future.

Auto-correlation

    
  -0.62  

Very good reverse predictability

IBEX 35 has very good reverse predictability. Overlapping area represents the amount of predictability between IBEX 35 time series from 30th of May 2020 to 25th of May 2021 and 25th of May 2021 to 20th of May 2022. 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 -0.62 indicates that roughly 62.0% of current IBEX 35 price fluctuation can be explain by its past prices.
Correlation Coefficient-0.62
Spearman Rank Test-0.6
Residual Average0.0
Price Variance86344.0

IBEX 35 lagged returns against current returns

Autocorrelation, which is IBEX 35 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 IBEX 35's index expected returns. We can calculate the autocorrelation of IBEX 35 returns to help us make a trade decision. For example, suppose you find that IBEX 35 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 

IBEX 35 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 IBEX 35 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IBEX 35 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IBEX 35 index over time.
 Current vs Lagged Prices 
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      Timeline 

IBEX 35 Lagged Returns

When evaluating IBEX 35's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IBEX 35 index have on its future price. IBEX 35 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, IBEX 35 autocorrelation shows the relationship between IBEX 35 index current value and its past values and can show if there is a momentum factor associated with investing in IBEX 35.
 Regressed Prices 
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      Timeline 

IBEX 35 Investors Sentiment

The influence of IBEX 35's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in IBEX 35. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IBEX 35 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IBEX 35's short interest history, or implied volatility extrapolated from IBEX 35 options trading.

Current Sentiment - IBEX

IBEX 35 Investor Sentiment

Most of Macroaxis investors are at this time bullish on IBEX 35. What is your judgment towards investing in Spain companies? Are you bullish or bearish on IBEX 35?
Bullish
Bearish
98% Bullish
2% Bearish
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Check out 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. Note that the IBEX 35 information on this page should be used as a complementary analysis to other IBEX 35'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Other Tools for IBEX 35 Index

When running IBEX 35 price analysis, check to measure IBEX 35'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 IBEX 35 is operating at the current time. Most of IBEX 35's value examination focuses on studying past and present price action to predict the probability of IBEX 35's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IBEX 35's price. Additionally, you may evaluate how the addition of IBEX 35 to your portfolios can decrease your overall portfolio volatility.
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