Select Stoxx Europe Etf Market Value
| EUAD Etf | 35.37 1.52 4.49% |
| Symbol | Select |
The market value of Select STOXX Europe is measured differently than its book value, which is the value of Select that is recorded on the company's balance sheet. Investors also form their own opinion of Select STOXX's value that differs from its market value or its book value, called intrinsic value, which is Select STOXX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Select STOXX's market value can be influenced by many factors that don't directly affect Select STOXX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Select STOXX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select STOXX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select STOXX'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.
Select STOXX '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 Select STOXX'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 Select STOXX.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Select STOXX on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Select STOXX Europe or generate 0.0% return on investment in Select STOXX over 90 days. Select STOXX is related to or competes with First Trust, Direxion Daily, Themes Transatlantic, FlexShares STOXX, Fidelity MSCI, and Invesco SP. Select STOXX is entity of United States. It is traded as Etf on BATS exchange. More
Select STOXX 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 Select STOXX'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 Select STOXX Europe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.3235 | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 3.41 |
Select STOXX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Select STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select STOXX's standard deviation. In reality, there are many statistical measures that can use Select STOXX historical prices to predict the future Select STOXX's volatility.| Risk Adjusted Performance | 0.2421 | |||
| Jensen Alpha | 0.5669 | |||
| Total Risk Alpha | 0.7513 | |||
| Sortino Ratio | 0.4836 | |||
| Treynor Ratio | 1.0 |
Select STOXX Europe Backtested Returns
Select STOXX appears to be very steady, given 3 months investment horizon. Select STOXX Europe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.3, which indicates the etf had a 0.3 % return per unit of risk over the last 3 months. By inspecting Select STOXX's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Select STOXX's Risk Adjusted Performance of 0.2421, semi deviation of 0.7423, and Coefficient Of Variation of 367.88 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Select STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Select STOXX is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Select STOXX Europe has very good predictability. Overlapping area represents the amount of predictability between Select STOXX time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Select STOXX Europe price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Select STOXX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 8.93 |
Select STOXX Europe lagged returns against current returns
Autocorrelation, which is Select STOXX 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 Select STOXX's etf expected returns. We can calculate the autocorrelation of Select STOXX returns to help us make a trade decision. For example, suppose you find that Select STOXX 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 |
Select STOXX 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 Select STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select STOXX etf over time.
Current vs Lagged Prices |
| Timeline |
Select STOXX Lagged Returns
When evaluating Select STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select STOXX etf have on its future price. Select STOXX 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, Select STOXX autocorrelation shows the relationship between Select STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in Select STOXX Europe.
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.When determining whether Select STOXX Europe is a strong investment it is important to analyze Select STOXX's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Select STOXX's future performance. For an informed investment choice regarding Select Etf, refer to the following important reports:Check out Select STOXX Correlation, Select STOXX Volatility and Select STOXX Alpha and Beta module to complement your research on Select STOXX. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Select STOXX technical etf 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, etf market cycles, or different charting patterns.