SPASX Dividend's market value is the price at which a share of SPASX Dividend trades on a public exchange. It measures the collective expectations of SPASX Dividend Opportunities investors about its performance. SPASX Dividend is enlisted at 1685.50 as of the 8th of November 2024; that is 0.99 percent up since the beginning of the trading day. The index's open price was 1668.9. With this module, you can estimate the performance of a buy and hold strategy of SPASX Dividend Opportunities and determine expected loss or profit from investing in SPASX Dividend over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SPASX
SPASX Dividend '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 SPASX Dividend'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 SPASX Dividend.
0.00
10/09/2024
No Change 0.00
0.0
In 31 days
11/08/2024
0.00
If you would invest 0.00 in SPASX Dividend on October 9, 2024 and sell it all today you would earn a total of 0.00 from holding SPASX Dividend Opportunities or generate 0.0% return on investment in SPASX Dividend over 30 days.
SPASX Dividend 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 SPASX Dividend'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 SPASX Dividend Opportunities upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPASX Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPASX Dividend's standard deviation. In reality, there are many statistical measures that can use SPASX Dividend historical prices to predict the future SPASX Dividend's volatility.
SPASX Dividend Oppor retains Efficiency (Sharpe Ratio) of 0.0694, which indicates the index had a 0.0694% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for SPASX Dividend, which you can use to evaluate the volatility of the index. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SPASX Dividend are completely uncorrelated.
Auto-correlation
-0.56
Good reverse predictability
SPASX Dividend Opportunities has good reverse predictability. Overlapping area represents the amount of predictability between SPASX Dividend time series from 9th of October 2024 to 24th of October 2024 and 24th of October 2024 to 8th 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 SPASX Dividend Oppor price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current SPASX Dividend price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.04
Residual Average
0.0
Price Variance
94.19
SPASX Dividend Oppor lagged returns against current returns
Autocorrelation, which is SPASX Dividend 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 SPASX Dividend's index expected returns. We can calculate the autocorrelation of SPASX Dividend returns to help us make a trade decision. For example, suppose you find that SPASX Dividend has exhibited high autocorrelation historically, and you observe that the index 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
SPASX Dividend 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 SPASX Dividend index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPASX Dividend index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPASX Dividend index over time.
Current vs Lagged Prices
Timeline
SPASX Dividend Lagged Returns
When evaluating SPASX Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPASX Dividend index have on its future price. SPASX Dividend 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, SPASX Dividend autocorrelation shows the relationship between SPASX Dividend index current value and its past values and can show if there is a momentum factor associated with investing in SPASX Dividend Opportunities.
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.