PSI All's market value is the price at which a share of PSI All trades on a public exchange. It measures the collective expectations of PSI All Share investors about its performance. PSI All is enlisted at 4173.64 as of the 14th of December 2024; that is 0.54 percent decrease since the beginning of the trading day. The index's open price was 4196.45. With this module, you can estimate the performance of a buy and hold strategy of PSI All Share and determine expected loss or profit from investing in PSI All 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
PSI
PSI All '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 PSI All'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 PSI All.
0.00
11/20/2023
No Change 0.00
0.0
In 1 year and 25 days
12/14/2024
0.00
If you would invest 0.00 in PSI All on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding PSI All Share or generate 0.0% return on investment in PSI All over 390 days.
PSI All 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 PSI All'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 PSI All Share 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 PSI All's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PSI All's standard deviation. In reality, there are many statistical measures that can use PSI All historical prices to predict the future PSI All's volatility.
PSI All Share maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the entity had a -0.2% return per unit of volatility over the last 3 months. PSI All Share exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PSI All are completely uncorrelated.
Auto-correlation
-0.42
Modest reverse predictability
PSI All Share has modest reverse predictability. Overlapping area represents the amount of predictability between PSI All time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th of December 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 PSI All Share price movement. The serial correlation of -0.42 indicates that just about 42.0% of current PSI All price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.42
Spearman Rank Test
0.13
Residual Average
0.0
Price Variance
25 K
PSI All Share lagged returns against current returns
Autocorrelation, which is PSI All 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 PSI All's index expected returns. We can calculate the autocorrelation of PSI All returns to help us make a trade decision. For example, suppose you find that PSI All 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
PSI All 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 PSI All index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PSI All index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PSI All index over time.
Current vs Lagged Prices
Timeline
PSI All Lagged Returns
When evaluating PSI All's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PSI All index have on its future price. PSI All 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, PSI All autocorrelation shows the relationship between PSI All index current value and its past values and can show if there is a momentum factor associated with investing in PSI All Share.
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.