CAC Next's market value is the price at which a share of CAC Next trades on a public exchange. It measures the collective expectations of CAC Next 20 investors about its performance. CAC Next is enlisted at 10941.32 as of the 19th of December 2024; that is 0.11% up since the beginning of the trading day. The index's open price was 10929.16. With this module, you can estimate the performance of a buy and hold strategy of CAC Next 20 and determine expected loss or profit from investing in CAC Next 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
CAC
CAC Next '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 CAC Next'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 CAC Next.
0.00
11/19/2024
No Change 0.00
0.0
In 31 days
12/19/2024
0.00
If you would invest 0.00 in CAC Next on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding CAC Next 20 or generate 0.0% return on investment in CAC Next over 30 days.
CAC Next 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 CAC Next'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 CAC Next 20 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 CAC Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CAC Next's standard deviation. In reality, there are many statistical measures that can use CAC Next historical prices to predict the future CAC Next's volatility.
CAC Next 20 retains Efficiency (Sharpe Ratio) of -0.025, which signifies that the index had a -0.025% return per unit of risk over the last 3 months. CAC Next exposes nineteen 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 signifies not very significant fluctuations relative to the market. the returns on MARKET and CAC Next are completely uncorrelated.
Auto-correlation
0.36
Below average predictability
CAC Next 20 has below average predictability. Overlapping area represents the amount of predictability between CAC Next time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 CAC Next 20 price movement. The serial correlation of 0.36 indicates that just about 36.0% of current CAC Next price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
7301.66
CAC Next 20 lagged returns against current returns
Autocorrelation, which is CAC Next 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 CAC Next's index expected returns. We can calculate the autocorrelation of CAC Next returns to help us make a trade decision. For example, suppose you find that CAC Next 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
CAC Next 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 CAC Next index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CAC Next index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CAC Next index over time.
Current vs Lagged Prices
Timeline
CAC Next Lagged Returns
When evaluating CAC Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CAC Next index have on its future price. CAC Next 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, CAC Next autocorrelation shows the relationship between CAC Next index current value and its past values and can show if there is a momentum factor associated with investing in CAC Next 20.
Regressed Prices
Timeline
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