SP Merval (Argentina) Market Value
| MERV Index | 1,000,000 0.00 0.00% |
| Symbol | MERV |
SP Merval '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 SP Merval'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 SP Merval.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in SP Merval on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding SP Merval or generate 0.0% return on investment in SP Merval over 180 days.
SP Merval 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 SP Merval'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 SP Merval upside and downside potential and time the market with a certain degree of confidence.
SP Merval Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Merval's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Merval's standard deviation. In reality, there are many statistical measures that can use SP Merval historical prices to predict the future SP Merval's volatility.SP Merval Backtested Returns
We have found three technical indicators for SP Merval, which you can use to evaluate the volatility of the index. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SP Merval are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
SP Merval has no correlation between past and present. Overlapping area represents the amount of predictability between SP Merval time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 SP Merval price movement. The serial correlation of 0.0 indicates that just 0.0% of current SP Merval price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SP Merval lagged returns against current returns
Autocorrelation, which is SP Merval 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 SP Merval's index expected returns. We can calculate the autocorrelation of SP Merval returns to help us make a trade decision. For example, suppose you find that SP Merval 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 |
SP Merval 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 SP Merval index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Merval index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Merval index over time.
Current vs Lagged Prices |
| Timeline |
SP Merval Lagged Returns
When evaluating SP Merval's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Merval index have on its future price. SP Merval 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, SP Merval autocorrelation shows the relationship between SP Merval index current value and its past values and can show if there is a momentum factor associated with investing in SP Merval.
Regressed Prices |
| Timeline |