Satrix MSCI (South Africa) Market Value

STXWDM Etf   9,596  32.00  0.33%   
Satrix MSCI's market value is the price at which a share of Satrix MSCI trades on a public exchange. It measures the collective expectations of Satrix MSCI World investors about its performance. Satrix MSCI is trading at 9596.00 as of the 17th of March 2025, a 0.33 percent decrease since the beginning of the trading day. The etf's open price was 9628.0.
With this module, you can estimate the performance of a buy and hold strategy of Satrix MSCI World and determine expected loss or profit from investing in Satrix MSCI 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 unemployment.
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Satrix MSCI '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 MSCI'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 MSCI.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Satrix MSCI on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Satrix MSCI World or generate 0.0% return on investment in Satrix MSCI over 90 days.

Satrix MSCI 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 MSCI'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 MSCI World upside and downside potential and time the market with a certain degree of confidence.

Satrix MSCI Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Satrix MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Satrix MSCI's standard deviation. In reality, there are many statistical measures that can use Satrix MSCI historical prices to predict the future Satrix MSCI'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 MSCI'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 MSCI World Backtested Returns

Satrix MSCI World owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0711, which indicates the etf had a -0.0711 % return per unit of risk over the last 3 months. Satrix MSCI World exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Satrix MSCI's Coefficient Of Variation of (2,150), risk adjusted performance of (0.04), and Variance of 0.8505 to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Satrix MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding Satrix MSCI is expected to be smaller as well.

Auto-correlation

    
  -0.7  

Very good reverse predictability

Satrix MSCI World has very good reverse predictability. Overlapping area represents the amount of predictability between Satrix MSCI time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Satrix MSCI World price movement. The serial correlation of -0.7 indicates that around 70.0% of current Satrix MSCI price fluctuation can be explain by its past prices.
Correlation Coefficient-0.7
Spearman Rank Test-0.74
Residual Average0.0
Price Variance72.8 K

Satrix MSCI World lagged returns against current returns

Autocorrelation, which is Satrix MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of Satrix MSCI returns to help us make a trade decision. For example, suppose you find that Satrix MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Satrix MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Satrix MSCI etf over time.
   Current vs Lagged Prices   
       Timeline  

Satrix MSCI Lagged Returns

When evaluating Satrix MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Satrix MSCI etf have on its future price. Satrix MSCI 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 MSCI autocorrelation shows the relationship between Satrix MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in Satrix MSCI World.
   Regressed Prices   
       Timeline  

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