MWIG40's market value is the price at which a share of MWIG40 trades on a public exchange. It measures the collective expectations of MWIG40 investors about its performance. MWIG40 is listed at 6175.69 as of the 11th of December 2024, which is a 0.15% down since the beginning of the trading day. The index's open price was 6184.77. With this module, you can estimate the performance of a buy and hold strategy of MWIG40 and determine expected loss or profit from investing in MWIG40 over a given investment horizon. Check out Correlation 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 nation.
Symbol
MWIG40
MWIG40 '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 MWIG40'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 MWIG40.
0.00
08/19/2023
No Change 0.00
0.0
In 1 year 3 months and 26 days
12/11/2024
0.00
If you would invest 0.00 in MWIG40 on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding MWIG40 or generate 0.0% return on investment in MWIG40 over 480 days.
MWIG40 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 MWIG40'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 MWIG40 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 MWIG40's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MWIG40's standard deviation. In reality, there are many statistical measures that can use MWIG40 historical prices to predict the future MWIG40's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as MWIG40. Your research has to be compared to or analyzed against MWIG40's peers to derive any actionable benefits. When done correctly, MWIG40's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in MWIG40.
MWIG40 Backtested Returns
MWIG40 has Sharpe Ratio of 0.0279, which conveys that the entity had a 0.0279% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MWIG40, which you can use to evaluate the volatility of the index. The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MWIG40 are completely uncorrelated.
Auto-correlation
-0.79
Almost perfect reverse predictability
MWIG40 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MWIG40 time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 MWIG40 price movement. The serial correlation of -0.79 indicates that around 79.0% of current MWIG40 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
40.9 K
MWIG40 lagged returns against current returns
Autocorrelation, which is MWIG40 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 MWIG40's index expected returns. We can calculate the autocorrelation of MWIG40 returns to help us make a trade decision. For example, suppose you find that MWIG40 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
MWIG40 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 MWIG40 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MWIG40 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MWIG40 index over time.
Current vs Lagged Prices
Timeline
MWIG40 Lagged Returns
When evaluating MWIG40's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MWIG40 index have on its future price. MWIG40 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, MWIG40 autocorrelation shows the relationship between MWIG40 index current value and its past values and can show if there is a momentum factor associated with investing in MWIG40.
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.