SP Global's market value is the price at which a share of SP Global trades on a public exchange. It measures the collective expectations of SP Global 100 investors about its performance. SP Global is listed at 3991.97 as of the 18th of March 2025, which is a 0.40% up since the beginning of the trading day. The index's lowest day price was 3967.75. With this module, you can estimate the performance of a buy and hold strategy of SP Global 100 and determine expected loss or profit from investing in SP Global 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 gross domestic product.
Symbol
OOI
SP Global '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 Global'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 Global.
0.00
12/18/2024
No Change 0.00
0.0
In 2 months and 31 days
03/18/2025
0.00
If you would invest 0.00 in SP Global on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding SP Global 100 or generate 0.0% return on investment in SP Global over 90 days.
SP Global 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 Global'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 Global 100 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 SP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Global's standard deviation. In reality, there are many statistical measures that can use SP Global historical prices to predict the future SP Global's volatility.
SP Global 100 retains Efficiency (Sharpe Ratio) of -0.0254, which indicates the index had a -0.0254 % return per unit of price deviation over the last 3 months. SP Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. 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 Global are completely uncorrelated.
Auto-correlation
-0.35
Poor reverse predictability
SP Global 100 has poor reverse predictability. Overlapping area represents the amount of predictability between SP Global time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 SP Global 100 price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current SP Global price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.35
Spearman Rank Test
-0.16
Residual Average
0.0
Price Variance
11.3 K
SP Global 100 lagged returns against current returns
Autocorrelation, which is SP Global 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 Global's index expected returns. We can calculate the autocorrelation of SP Global returns to help us make a trade decision. For example, suppose you find that SP Global 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 Global 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 Global index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Global index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Global index over time.
Current vs Lagged Prices
Timeline
SP Global Lagged Returns
When evaluating SP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Global index have on its future price. SP Global 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 Global autocorrelation shows the relationship between SP Global index current value and its past values and can show if there is a momentum factor associated with investing in SP Global 100.
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.