Sp Europe 350 Index Market Value
SPEUP Index | 2,078 2.23 0.11% |
Symbol | SPEUP |
SP EUROPE '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 SP EUROPE'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 SP EUROPE.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in SP EUROPE on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding SP EUROPE 350 or generate 0.0% return on investment in SP EUROPE over 30 days.
SP EUROPE 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 SP EUROPE'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 SP EUROPE 350 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.3784 | |||
Information Ratio | (0.06) | |||
Maximum Drawdown | 2.1 | |||
Value At Risk | (0.75) | |||
Potential Upside | 0.9828 |
SP EUROPE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP EUROPE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP EUROPE's standard deviation. In reality, there are many statistical measures that can use SP EUROPE historical prices to predict the future SP EUROPE's volatility.Risk Adjusted Performance | 0.118 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SP EUROPE'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 note, it is not enough to conduct a financial or market analysis of a single entity such as SP EUROPE. Your research has to be compared to or analyzed against SP EUROPE's peers to derive any actionable benefits. When done correctly, SP EUROPE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SP EUROPE 350.
SP EUROPE 350 Backtested Returns
SP EUROPE 350 retains Efficiency (Sharpe Ratio) of 0.22, which indicates the index had a 0.22% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for SP EUROPE, 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 SP EUROPE are completely uncorrelated.
Auto-correlation | 0.85 |
Very good predictability
SP EUROPE 350 has very good predictability. Overlapping area represents the amount of predictability between SP EUROPE time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 SP EUROPE 350 price movement. The serial correlation of 0.85 indicates that around 85.0% of current SP EUROPE price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.85 | |
Spearman Rank Test | 0.91 | |
Residual Average | 0.0 | |
Price Variance | 127.61 |
SP EUROPE 350 lagged returns against current returns
Autocorrelation, which is SP EUROPE 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 SP EUROPE's index expected returns. We can calculate the autocorrelation of SP EUROPE returns to help us make a trade decision. For example, suppose you find that SP EUROPE 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 |
SP EUROPE 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 SP EUROPE index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP EUROPE index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP EUROPE index over time.
Current vs Lagged Prices |
Timeline |
SP EUROPE Lagged Returns
When evaluating SP EUROPE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP EUROPE index have on its future price. SP EUROPE 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, SP EUROPE autocorrelation shows the relationship between SP EUROPE index current value and its past values and can show if there is a momentum factor associated with investing in SP EUROPE 350.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for SPEUP Index analysis
When running SP EUROPE's price analysis, check to measure SP EUROPE'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 SP EUROPE is operating at the current time. Most of SP EUROPE's value examination focuses on studying past and present price action to predict the probability of SP EUROPE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP EUROPE's price. Additionally, you may evaluate how the addition of SP EUROPE to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Transaction History View history of all your transactions and understand their impact on performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |
SP EUROPE technical index analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, index market cycles, or different charting patterns.