Philadelphia Semiconductor's market value is the price at which a share of Philadelphia Semiconductor trades on a public exchange. It measures the collective expectations of Philadelphia Semiconductor Index investors about its performance. Philadelphia Semiconductor is listed at 5149.67 as of the 14th of December 2024, which is a 3.36% up since the beginning of the trading day. The index's lowest day price was 5070.76. With this module, you can estimate the performance of a buy and hold strategy of Philadelphia Semiconductor Index and determine expected loss or profit from investing in Philadelphia Semiconductor 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
Philadelphia
Philadelphia Semiconductor '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 Philadelphia Semiconductor'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 Philadelphia Semiconductor.
0.00
11/14/2024
No Change 0.00
0.0
In 30 days
12/14/2024
0.00
If you would invest 0.00 in Philadelphia Semiconductor on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Philadelphia Semiconductor Index or generate 0.0% return on investment in Philadelphia Semiconductor over 30 days.
Philadelphia Semiconductor 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 Philadelphia Semiconductor'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 Philadelphia Semiconductor Index 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 Philadelphia Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Philadelphia Semiconductor's standard deviation. In reality, there are many statistical measures that can use Philadelphia Semiconductor historical prices to predict the future Philadelphia Semiconductor's volatility.
Philadelphia Semiconductor maintains Sharpe Ratio (i.e., Efficiency) of 0.0488, which implies the entity had a 0.0488% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Philadelphia Semiconductor, which you can use to evaluate the volatility of the index. The index holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Philadelphia Semiconductor are completely uncorrelated.
Auto-correlation
-0.38
Poor reverse predictability
Philadelphia Semiconductor Index has poor reverse predictability. Overlapping area represents the amount of predictability between Philadelphia Semiconductor time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Philadelphia Semiconductor price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Philadelphia Semiconductor price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
5068.5
Philadelphia Semiconductor lagged returns against current returns
Autocorrelation, which is Philadelphia Semiconductor 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 Philadelphia Semiconductor's index expected returns. We can calculate the autocorrelation of Philadelphia Semiconductor returns to help us make a trade decision. For example, suppose you find that Philadelphia Semiconductor 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
Philadelphia Semiconductor 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 Philadelphia Semiconductor index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Philadelphia Semiconductor index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Philadelphia Semiconductor index over time.
Current vs Lagged Prices
Timeline
Philadelphia Semiconductor Lagged Returns
When evaluating Philadelphia Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Philadelphia Semiconductor index have on its future price. Philadelphia Semiconductor 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, Philadelphia Semiconductor autocorrelation shows the relationship between Philadelphia Semiconductor index current value and its past values and can show if there is a momentum factor associated with investing in Philadelphia Semiconductor Index.
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.