EGX 33's market value is the price at which a share of EGX 33 trades on a public exchange. It measures the collective expectations of EGX 33 Shariah investors about its performance. EGX 33 is listed for 3370.90 as of the 20th of March 2025. This is a 0.46 percent decrease since the beginning of the trading day. The index's open price was 3386.31. With this module, you can estimate the performance of a buy and hold strategy of EGX 33 Shariah and determine expected loss or profit from investing in EGX 33 over a given investment horizon. Check out World Market Map 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
EGX
EGX 33 '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 EGX 33'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 EGX 33.
0.00
12/20/2024
No Change 0.00
0.0
In 3 months and 1 day
03/20/2025
0.00
If you would invest 0.00 in EGX 33 on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding EGX 33 Shariah or generate 0.0% return on investment in EGX 33 over 90 days.
EGX 33 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 EGX 33'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 EGX 33 Shariah 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 EGX 33's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EGX 33's standard deviation. In reality, there are many statistical measures that can use EGX 33 historical prices to predict the future EGX 33's volatility.
EGX 33 Shariah secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the index had a 0.19 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for EGX 33 Shariah, which you can use to evaluate the volatility of the entity. The index shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EGX 33 are completely uncorrelated.
Auto-correlation
0.57
Modest predictability
EGX 33 Shariah has modest predictability. Overlapping area represents the amount of predictability between EGX 33 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 EGX 33 Shariah price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current EGX 33 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.57
Spearman Rank Test
0.78
Residual Average
0.0
Price Variance
5887.98
EGX 33 Shariah lagged returns against current returns
Autocorrelation, which is EGX 33 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 EGX 33's index expected returns. We can calculate the autocorrelation of EGX 33 returns to help us make a trade decision. For example, suppose you find that EGX 33 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
EGX 33 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 EGX 33 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EGX 33 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EGX 33 index over time.
Current vs Lagged Prices
Timeline
EGX 33 Lagged Returns
When evaluating EGX 33's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EGX 33 index have on its future price. EGX 33 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, EGX 33 autocorrelation shows the relationship between EGX 33 index current value and its past values and can show if there is a momentum factor associated with investing in EGX 33 Shariah.
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.