Satrix Indi's market value is the price at which a share of Satrix Indi trades on a public exchange. It measures the collective expectations of Satrix Indi ETF investors about its performance. Satrix Indi is trading at 12086.00 as of the 14th of December 2024, a 1.24 percent increase since the beginning of the trading day. The etf's open price was 11938.0. With this module, you can estimate the performance of a buy and hold strategy of Satrix Indi ETF and determine expected loss or profit from investing in Satrix Indi 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 Indi '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 Indi'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 Indi.
0.00
11/14/2024
No Change 0.00
0.0
In 31 days
12/14/2024
0.00
If you would invest 0.00 in Satrix Indi on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Satrix Indi ETF or generate 0.0% return on investment in Satrix Indi over 30 days.
Satrix Indi 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 Indi'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 Indi 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 Indi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Satrix Indi's standard deviation. In reality, there are many statistical measures that can use Satrix Indi historical prices to predict the future Satrix Indi's volatility.
At this point, Satrix Indi is very steady. Satrix Indi ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Satrix Indi ETF, which you can use to evaluate the volatility of the etf. Please validate Satrix Indi's Coefficient Of Variation of 521.66, semi deviation of 0.3077, and Risk Adjusted Performance of 0.1399 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of -0.0293, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Satrix Indi are expected to decrease at a much lower rate. During the bear market, Satrix Indi is likely to outperform the market.
Auto-correlation
0.62
Good predictability
Satrix Indi ETF has good predictability. Overlapping area represents the amount of predictability between Satrix Indi 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 Satrix Indi ETF price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Satrix Indi price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.74
Residual Average
0.0
Price Variance
28.7 K
Satrix Indi ETF lagged returns against current returns
Autocorrelation, which is Satrix Indi 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 Indi's etf expected returns. We can calculate the autocorrelation of Satrix Indi returns to help us make a trade decision. For example, suppose you find that Satrix Indi 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 Indi 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 Indi etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Satrix Indi etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Satrix Indi etf over time.
Current vs Lagged Prices
Timeline
Satrix Indi Lagged Returns
When evaluating Satrix Indi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Satrix Indi etf have on its future price. Satrix Indi 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 Indi autocorrelation shows the relationship between Satrix Indi etf current value and its past values and can show if there is a momentum factor associated with investing in Satrix Indi ETF.
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.