IXE Select's market value is the price at which a share of IXE Select trades on a public exchange. It measures the collective expectations of IXE Select Sector investors about its performance. IXE Select is listed at 897.12 as of the 5th of March 2025, which is a 1.48% down since the beginning of the trading day. The index's lowest day price was 897.12. With this module, you can estimate the performance of a buy and hold strategy of IXE Select Sector and determine expected loss or profit from investing in IXE Select over a given investment horizon. Check out Risk vs Return Analysis 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 gross domestic product.
Symbol
IXE
IXE Select '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 IXE Select'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 IXE Select.
0.00
02/03/2025
No Change 0.00
0.0
In 31 days
03/05/2025
0.00
If you would invest 0.00 in IXE Select on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding IXE Select Sector or generate 0.0% return on investment in IXE Select over 30 days.
IXE Select 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 IXE Select'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 IXE Select Sector 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 IXE Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IXE Select's standard deviation. In reality, there are many statistical measures that can use IXE Select historical prices to predict the future IXE Select's volatility.
IXE Select Sector holds Efficiency (Sharpe) Ratio of -0.0742, which attests that the entity had a -0.0742 % return per unit of return volatility over the last 3 months. IXE Select Sector exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and IXE Select are completely uncorrelated.
Auto-correlation
-0.38
Poor reverse predictability
IXE Select Sector has poor reverse predictability. Overlapping area represents the amount of predictability between IXE Select time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 IXE Select Sector price movement. The serial correlation of -0.38 indicates that just about 38.0% of current IXE Select price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.57
Residual Average
0.0
Price Variance
310.06
IXE Select Sector lagged returns against current returns
Autocorrelation, which is IXE Select 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 IXE Select's index expected returns. We can calculate the autocorrelation of IXE Select returns to help us make a trade decision. For example, suppose you find that IXE Select 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
IXE Select 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 IXE Select index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IXE Select index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IXE Select index over time.
Current vs Lagged Prices
Timeline
IXE Select Lagged Returns
When evaluating IXE Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IXE Select index have on its future price. IXE Select 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, IXE Select autocorrelation shows the relationship between IXE Select index current value and its past values and can show if there is a momentum factor associated with investing in IXE Select Sector.
Regressed Prices
Timeline
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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.