Sp 500 Mini Index Price on October 17, 2024
| XSP Index | 597.08 6.68 1.11% |
If you're considering investing in XSP Index, it is important to understand the factors that can impact its price. As of today, the current price of SP 500 stands at 597.08, as last reported on the 30th of December, with the highest price reaching 600.62 and the lowest price hitting 593.30 during the day. SP 500 MINI retains Efficiency (Sharpe Ratio) of 0.0959, which indicates the index had a 0.0959% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for SP 500, which you can use to evaluate the volatility of the index. XSP Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = 0.0959
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| Cash | XSP | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average SP 500 is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of SP 500 by adding it to a well-diversified portfolio.
SP 500 Valuation on October 17, 2024
It is possible to determine the worth of SP 500 on a given historical date. On October 17, 2024 XSP was worth 587.56 at the beginning of the trading date compared to the closed value of 584.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of SP 500 index. Still, in general, we apply an absolute valuation method to find SP 500's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of SP 500 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against SP 500's related companies.
| Open | High | Low | Close | Volume | |
| 584.25 | 584.25 | 584.25 | 584.25 | 1.00 | |
10/17/2024 | 587.56 | 587.85 | 584.03 | 584.15 | 1.00 |
| 585.94 | 587.22 | 584.61 | 586.47 | 1.00 |
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SP 500 Trading Date Momentum on October 17, 2024
| On October 18 2024 SP 500 MINI was traded for 586.47 at the closing time. The highest price during the trading period was 587.22 and the lowest recorded bid was listed for 584.61 . There was no trading activity during the period 1.0. Lack of trading volume on October 18, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 0.40% . The trading price change to the current price is 0.13% . |
Price Boundaries
SP 500 Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
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SP 500 December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how SP 500 index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading SP 500 shares will generate the highest return on investment. By undertsting and applying SP 500 index market strength indicators, traders can identify SP 500 MINI entry and exit signals to maximize returns
SP 500 Technical Drivers
SP 500 December 30, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for SP 500's price direction in advance. Along with the technical and fundamental analysis of XSP Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of XSP to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0695 | |||
| Mean Deviation | 0.5385 | |||
| Semi Deviation | 0.7497 | |||
| Downside Deviation | 0.865 | |||
| Coefficient Of Variation | 1141.67 | |||
| Standard Deviation | 0.7689 | |||
| Variance | 0.5912 | |||
| Information Ratio | 0.0457 | |||
| Total Risk Alpha | 0.0359 | |||
| Sortino Ratio | 0.0406 | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.09 | |||
| Downside Variance | 0.7483 | |||
| Semi Variance | 0.562 | |||
| Expected Short fall | (0.54) | |||
| Skewness | (0.74) | |||
| Kurtosis | 4.09 |
| Cycle Indicators | ||
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| Volume Indicators |