Madrid Gnrl (Spain) Market Value

SMSI -  Spain Index  

 857.64  10.63  1.22%

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

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

Madrid Gnrl '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 Madrid Gnrl'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 Madrid Gnrl.
0.00
08/13/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/02/2021
0.00
If you would invest  0.00  in Madrid Gnrl on August 13, 2019 and sell it all today you would earn a total of 0.00 from holding Madrid Gnrl or generate 0.0% return on investment in Madrid Gnrl over 720 days.

Madrid Gnrl 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 Madrid Gnrl'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 Madrid Gnrl upside and downside potential and time the market with a certain degree of confidence.

Madrid Gnrl Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Madrid Gnrl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Madrid Gnrl's standard deviation. In reality, there are many statistical measures that can use Madrid Gnrl historical prices to predict the future Madrid Gnrl's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Madrid Gnrl'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 Madrid Gnrl in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
856.67857.64858.61
Details
Intrinsic
Valuation
LowReal ValueHigh
771.88864.59865.57
Details
Naive
Forecast
LowNext ValueHigh
877.54878.51879.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
853.65861.61869.57
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Madrid Gnrl. Your research has to be compared to or analyzed against Madrid Gnrl's peers to derive any actionable benefits. When done correctly, Madrid Gnrl'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 Madrid Gnrl.

Madrid Gnrl Backtested Returns

Madrid Gnrl has Sharpe Ratio of -0.0303, which conveys that the entity had -0.0303% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Madrid Gnrl exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away.
The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what Madrid's beta means in this case. the returns on MARKET and Madrid Gnrl are completely uncorrelated. Even though it is essential to pay attention to Madrid Gnrl price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any index's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Madrid Gnrl exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.66)   

Very good reverse predictability

Madrid Gnrl has very good reverse predictability. Overlapping area represents the amount of predictability between Madrid Gnrl time series from 13th of August 2019 to 7th of August 2020 and 7th of August 2020 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 Madrid Gnrl price movement. The serial correlation of -0.66 indicates that around 66.0% of current Madrid Gnrl price fluctuation can be explain by its past prices. Given that Madrid Gnrl has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Madrid Gnrl for similar time interval.
Correlation Coefficient-0.66
Spearman Rank Test-0.54
Residual Average0.0
Price Variance6703.89

Madrid Gnrl lagged returns against current returns

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

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

Madrid Gnrl Lagged Returns

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

Madrid Gnrl Investors Sentiment

The influence of Madrid Gnrl'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 Madrid. 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.

Current Sentiment - SMSI

Madrid Gnrl Investor Sentiment

Most of Macroaxis users are at this time bearish on Madrid Gnrl. What is your trading attitude regarding investing in Spain companies? Are you bullish or bearish on Madrid Gnrl?
Bullish
Bearish
3% Bullish
97% Bearish
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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..
Check out Madrid Gnrl Hype Analysis, Madrid Gnrl Correlation, Portfolio Optimization, Madrid Gnrl Volatility, as well as analyze Madrid Gnrl Alpha and Beta and Madrid Gnrl Performance. Note that the Madrid Gnrl information on this page should be used as a complementary analysis to other Madrid Gnrl'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Other Tools for Madrid Index

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