SPASX Dividend (Australia) Market Value

AXDI Index   1,643  10.90  0.67%   
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 1642.90 as of the 19th of June 2024; that is 0.67% increase since the beginning of the trading day. The index's open price was 1632.0.
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.

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.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in SPASX Dividend on May 20, 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.

SPASX Dividend Market Risk Indicators

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SPASX Dividend'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.

SPASX Dividend Oppor Backtested Returns

SPASX Dividend Oppor retains Efficiency (Sharpe Ratio) of -0.0382, which indicates the index had a -0.0382% return per unit of risk over the last 3 months. SPASX Dividend exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. 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.



Good predictability

SPASX Dividend Opportunities has good predictability. Overlapping area represents the amount of predictability between SPASX Dividend time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 0.71 indicates that around 71.0% of current SPASX Dividend price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.71
Residual Average0.0
Price Variance84.04

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   

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   

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   

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