BEL Small (Belgium) Market Value

BELS Index   8,894  20.88  0.24%   
BEL Small's market value is the price at which a share of BEL Small trades on a public exchange. It measures the collective expectations of BEL Small investors about its performance. BEL Small is enlisted at 8893.77 as of the 19th of June 2024; that is 0.24 percent up since the beginning of the trading day. The index's open price was 8872.89.
With this module, you can estimate the performance of a buy and hold strategy of BEL Small and determine expected loss or profit from investing in BEL Small 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.
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BEL Small '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 BEL Small'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 BEL Small.
0.00
05/20/2024
No Change 0.00  0.0 
In 31 days
06/19/2024
0.00
If you would invest  0.00  in BEL Small on May 20, 2024 and sell it all today you would earn a total of 0.00 from holding BEL Small or generate 0.0% return on investment in BEL Small over 30 days.

BEL Small 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 BEL Small'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 BEL Small upside and downside potential and time the market with a certain degree of confidence.

BEL Small Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BEL Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BEL Small's standard deviation. In reality, there are many statistical measures that can use BEL Small historical prices to predict the future BEL Small's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BEL Small'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.

BEL Small Backtested Returns

BEL Small secures Sharpe Ratio (or Efficiency) of -0.0548, which signifies that the index had a -0.0548% return per unit of return volatility over the last 3 months. BEL Small exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BEL Small are completely uncorrelated.

Auto-correlation

    
  -0.66  

Very good reverse predictability

BEL Small has very good reverse predictability. Overlapping area represents the amount of predictability between BEL Small 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 BEL Small price movement. The serial correlation of -0.66 indicates that around 66.0% of current BEL Small price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.61
Residual Average0.0
Price Variance20.2 K

BEL Small lagged returns against current returns

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

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

BEL Small Lagged Returns

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

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