Source Markets (Germany) Market Value
| SC0Z Etf | EUR 265.45 2.40 0.91% |
| Symbol | Source |
Please note, there is a significant difference between Source Markets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Source Markets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Source Markets' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Source Markets '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 Source Markets' etf 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 Source Markets.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Source Markets on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Source Markets plc or generate 0.0% return on investment in Source Markets over 30 days. Source Markets is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. More
Source Markets 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 Source Markets' etf 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 Source Markets plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.62 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.3 |
Source Markets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Source Markets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Source Markets' standard deviation. In reality, there are many statistical measures that can use Source Markets historical prices to predict the future Source Markets' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (2.20) |
Source Markets plc Backtested Returns
Source Markets plc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the etf had a -0.19% return per unit of risk over the last 3 months. Source Markets plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Source Markets' Risk Adjusted Performance of (0.13), coefficient of variation of (611.39), and Variance of 0.6418 to confirm the risk estimate we provide. The entity has a beta of 0.0641, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Source Markets' returns are expected to increase less than the market. However, during the bear market, the loss of holding Source Markets is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Source Markets plc has modest reverse predictability. Overlapping area represents the amount of predictability between Source Markets time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Source Markets plc price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Source Markets price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 15.73 |
Source Markets plc lagged returns against current returns
Autocorrelation, which is Source Markets etf'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 Source Markets' etf expected returns. We can calculate the autocorrelation of Source Markets returns to help us make a trade decision. For example, suppose you find that Source Markets has exhibited high autocorrelation historically, and you observe that the etf 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 |
Source Markets 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 Source Markets etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Source Markets etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Source Markets etf over time.
Current vs Lagged Prices |
| Timeline |
Source Markets Lagged Returns
When evaluating Source Markets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Source Markets etf have on its future price. Source Markets 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, Source Markets autocorrelation shows the relationship between Source Markets etf current value and its past values and can show if there is a momentum factor associated with investing in Source Markets plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Source Etf
Source Markets financial ratios help investors to determine whether Source Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Source with respect to the benefits of owning Source Markets security.