ICEX Main's market value is the price at which a share of ICEX Main trades on a public exchange. It measures the collective expectations of ICEX Main investors about its performance. ICEX Main is listed at 2210.65 as of the 20th of March 2025, which is a 0.55% down since the beginning of the trading day. The index's open price was 2222.87. With this module, you can estimate the performance of a buy and hold strategy of ICEX Main and determine expected loss or profit from investing in ICEX Main over a given investment horizon. Check out Your Equity Center 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 american community survey.
Symbol
ICEX
ICEX Main '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 ICEX Main'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 ICEX Main.
0.00
12/20/2024
No Change 0.00
0.0
In 2 months and 31 days
03/20/2025
0.00
If you would invest 0.00 in ICEX Main on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding ICEX Main or generate 0.0% return on investment in ICEX Main over 90 days.
ICEX Main 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 ICEX Main'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 ICEX Main 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 ICEX Main's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICEX Main's standard deviation. In reality, there are many statistical measures that can use ICEX Main historical prices to predict the future ICEX Main's volatility.
ICEX Main holds Efficiency (Sharpe) Ratio of -0.0719, which attests that the index had a -0.0719 % return per unit of return volatility over the last 3 months. ICEX Main exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The entity 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 ICEX Main are completely uncorrelated.
Auto-correlation
-0.42
Modest reverse predictability
ICEX Main has modest reverse predictability. Overlapping area represents the amount of predictability between ICEX Main time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 ICEX Main price movement. The serial correlation of -0.42 indicates that just about 42.0% of current ICEX Main price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.42
Spearman Rank Test
-0.58
Residual Average
0.0
Price Variance
6152.2
ICEX Main lagged returns against current returns
Autocorrelation, which is ICEX Main 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 ICEX Main's index expected returns. We can calculate the autocorrelation of ICEX Main returns to help us make a trade decision. For example, suppose you find that ICEX Main 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
ICEX Main 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 ICEX Main index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICEX Main index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICEX Main index over time.
Current vs Lagged Prices
Timeline
ICEX Main Lagged Returns
When evaluating ICEX Main's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICEX Main index have on its future price. ICEX Main 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, ICEX Main autocorrelation shows the relationship between ICEX Main index current value and its past values and can show if there is a momentum factor associated with investing in ICEX Main.
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.