Satrix 40's market value is the price at which a share of Satrix 40 trades on a public exchange. It measures the collective expectations of Satrix 40 ETF investors about its performance. Satrix 40 is selling for 7651.00 as of the 23rd of December 2024. This is a 0.27 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 7552.0. With this module, you can estimate the performance of a buy and hold strategy of Satrix 40 ETF and determine expected loss or profit from investing in Satrix 40 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 etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Satrix
Satrix 40 '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 Satrix 40's 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 Satrix 40.
0.00
11/23/2024
No Change 0.00
0.0
In 31 days
12/23/2024
0.00
If you would invest 0.00 in Satrix 40 on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Satrix 40 ETF or generate 0.0% return on investment in Satrix 40 over 30 days.
Satrix 40 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 Satrix 40's 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 Satrix 40 ETF 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 Satrix 40's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Satrix 40's standard deviation. In reality, there are many statistical measures that can use Satrix 40 historical prices to predict the future Satrix 40's volatility.
Satrix 40 ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0438, which indicates the etf had a -0.0438% return per unit of risk over the last 3 months. Satrix 40 ETF exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Satrix 40's Coefficient Of Variation of 2290.34, semi deviation of 0.6834, and Risk Adjusted Performance of 0.0342 to confirm the risk estimate we provide. The entity has a beta of 0.0231, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Satrix 40's returns are expected to increase less than the market. However, during the bear market, the loss of holding Satrix 40 is expected to be smaller as well.
Auto-correlation
-0.93
Near perfect reversele predictability
Satrix 40 ETF has near perfect reversele predictability. Overlapping area represents the amount of predictability between Satrix 40 time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Satrix 40 ETF price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Satrix 40 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.93
Spearman Rank Test
-0.77
Residual Average
0.0
Price Variance
12.6 K
Satrix 40 ETF lagged returns against current returns
Autocorrelation, which is Satrix 40 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 Satrix 40's etf expected returns. We can calculate the autocorrelation of Satrix 40 returns to help us make a trade decision. For example, suppose you find that Satrix 40 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
Satrix 40 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 Satrix 40 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Satrix 40 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Satrix 40 etf over time.
Current vs Lagged Prices
Timeline
Satrix 40 Lagged Returns
When evaluating Satrix 40's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Satrix 40 etf have on its future price. Satrix 40 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, Satrix 40 autocorrelation shows the relationship between Satrix 40 etf current value and its past values and can show if there is a momentum factor associated with investing in Satrix 40 ETF.
Regressed Prices
Timeline
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