Select Sector's market value is the price at which a share of Select Sector trades on a public exchange. It measures the collective expectations of The Select Sector investors about its performance. Select Sector is trading at 839.00 as of the 5th of January 2025; that is No Change since the beginning of the trading day. The etf's open price was 839.0. With this module, you can estimate the performance of a buy and hold strategy of The Select Sector and determine expected loss or profit from investing in Select Sector over a given investment horizon. Check out Your Current Watchlist 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
Select
Select Sector '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 Select Sector'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 Select Sector.
0.00
07/09/2024
No Change 0.00
0.0
In 5 months and 30 days
01/05/2025
0.00
If you would invest 0.00 in Select Sector on July 9, 2024 and sell it all today you would earn a total of 0.00 from holding The Select Sector or generate 0.0% return on investment in Select Sector over 180 days.
Select Sector 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 Select Sector'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 The Select Sector 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 Select Sector's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Select Sector's standard deviation. In reality, there are many statistical measures that can use Select Sector historical prices to predict the future Select Sector's volatility.
At this stage we consider Select Etf to be very steady. Select Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.03, which indicates the etf had a 0.03% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for The Select Sector, which you can use to evaluate the volatility of the etf. Please validate Select Sector's Risk Adjusted Performance of 0.0286, semi deviation of 1.23, and Coefficient Of Variation of 3335.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.0421%. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Select Sector are expected to decrease at a much lower rate. During the bear market, Select Sector is likely to outperform the market.
Auto-correlation
0.24
Weak predictability
The Select Sector has weak predictability. Overlapping area represents the amount of predictability between Select Sector time series from 9th of July 2024 to 7th of October 2024 and 7th of October 2024 to 5th 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 Select Sector price movement. The serial correlation of 0.24 indicates that over 24.0% of current Select Sector price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
621.28
Select Sector lagged returns against current returns
Autocorrelation, which is Select Sector 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 Select Sector's etf expected returns. We can calculate the autocorrelation of Select Sector returns to help us make a trade decision. For example, suppose you find that Select Sector 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
Select Sector 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 Select Sector etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Select Sector etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Select Sector etf over time.
Current vs Lagged Prices
Timeline
Select Sector Lagged Returns
When evaluating Select Sector's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Select Sector etf have on its future price. Select Sector 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, Select Sector autocorrelation shows the relationship between Select Sector etf current value and its past values and can show if there is a momentum factor associated with investing in The Select Sector.
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.