Source SP (Germany) Market Value
| E500 Etf | EUR 46.09 0.21 0.45% |
| Symbol | Source |
Please note, there is a significant difference between Source SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Source SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Source SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Source SP '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 Source SP's etf 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 Source SP.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Source SP on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Source SP 500 or generate 0.0% return on investment in Source SP over 30 days. Source SP is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. The investment objective is to achieve the Target Performance More
Source SP 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 Source SP's etf 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 Source SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7872 | |||
| Information Ratio | 0.0259 | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8541 |
Source SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source SP's standard deviation. In reality, there are many statistical measures that can use Source SP historical prices to predict the future Source SP's volatility.| Risk Adjusted Performance | 0.0677 | |||
| Jensen Alpha | 0.0461 | |||
| Total Risk Alpha | 0.0216 | |||
| Sortino Ratio | 0.0247 | |||
| Treynor Ratio | 0.2326 |
Source SP 500 Backtested Returns
At this point, Source SP is very steady. Source SP 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0738, which indicates the etf had a 0.0738% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Source SP 500, which you can use to evaluate the volatility of the etf. Please validate Source SP's Risk Adjusted Performance of 0.0677, coefficient of variation of 1169.87, and Semi Deviation of 0.6758 to confirm if the risk estimate we provide is consistent with the expected return of 0.0561%. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Source SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Source SP is expected to be smaller as well.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Source SP 500 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Source SP time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Source SP 500 price movement. The serial correlation of -0.79 indicates that around 79.0% of current Source SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Source SP 500 lagged returns against current returns
Autocorrelation, which is Source SP etf'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 Source SP's etf expected returns. We can calculate the autocorrelation of Source SP returns to help us make a trade decision. For example, suppose you find that Source SP has exhibited high autocorrelation historically, and you observe that the etf 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 |
Source SP 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 Source SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source SP etf over time.
Current vs Lagged Prices |
| Timeline |
Source SP Lagged Returns
When evaluating Source SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source SP etf have on its future price. Source SP 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, Source SP autocorrelation shows the relationship between Source SP etf current value and its past values and can show if there is a momentum factor associated with investing in Source SP 500.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Source Etf
Source SP financial ratios help investors to determine whether Source Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Source with respect to the benefits of owning Source SP security.