Satrix Resi's market value is the price at which a share of Satrix Resi trades on a public exchange. It measures the collective expectations of Satrix Resi ETF investors about its performance. Satrix Resi is trading at 5619.00 as of the 7th of January 2025, a 0.18 percent decrease since the beginning of the trading day. The etf's open price was 5629.0. With this module, you can estimate the performance of a buy and hold strategy of Satrix Resi ETF and determine expected loss or profit from investing in Satrix Resi 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 income.
Symbol
Satrix
Satrix Resi '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 Resi'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 Resi.
0.00
12/08/2024
No Change 0.00
0.0
In 30 days
01/07/2025
0.00
If you would invest 0.00 in Satrix Resi on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Satrix Resi ETF or generate 0.0% return on investment in Satrix Resi over 30 days.
Satrix Resi 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 Resi'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 Resi 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 Resi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Satrix Resi's standard deviation. In reality, there are many statistical measures that can use Satrix Resi historical prices to predict the future Satrix Resi's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Satrix Resi's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Satrix Resi ETF Backtested Returns
Satrix Resi ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0487, which indicates the etf had a -0.0487% return per unit of risk over the last 3 months. Satrix Resi ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Satrix Resi's Coefficient Of Variation of (1,734), risk adjusted performance of (0.04), and Variance of 3.05 to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Satrix Resi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Satrix Resi is expected to be smaller as well.
Auto-correlation
-0.71
Almost perfect reverse predictability
Satrix Resi ETF has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Satrix Resi time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Satrix Resi ETF price movement. The serial correlation of -0.71 indicates that around 71.0% of current Satrix Resi price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
6655.86
Satrix Resi ETF lagged returns against current returns
Autocorrelation, which is Satrix Resi 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 Resi's etf expected returns. We can calculate the autocorrelation of Satrix Resi returns to help us make a trade decision. For example, suppose you find that Satrix Resi 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 Resi 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 Resi etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Satrix Resi etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Satrix Resi etf over time.
Current vs Lagged Prices
Timeline
Satrix Resi Lagged Returns
When evaluating Satrix Resi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Satrix Resi etf have on its future price. Satrix Resi 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 Resi autocorrelation shows the relationship between Satrix Resi etf current value and its past values and can show if there is a momentum factor associated with investing in Satrix Resi ETF.
Regressed Prices
Timeline
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