Baltic Panamax's market value is the price at which a share of Baltic Panamax trades on a public exchange. It measures the collective expectations of Baltic Panamax investors about its performance. Baltic Panamax is enlisted at 1053.00 as of the 17th of December 2024; that is 7.78% up since the beginning of the trading day. The index's open price was 977.0. With this module, you can estimate the performance of a buy and hold strategy of Baltic Panamax and determine expected loss or profit from investing in Baltic Panamax over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Baltic
Baltic Panamax '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 Baltic Panamax's index 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 Baltic Panamax.
0.00
11/17/2024
No Change 0.00
0.0
In 31 days
12/17/2024
0.00
If you would invest 0.00 in Baltic Panamax on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Baltic Panamax or generate 0.0% return on investment in Baltic Panamax over 30 days.
Baltic Panamax 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 Baltic Panamax's index 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 Baltic Panamax 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 Baltic Panamax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baltic Panamax's standard deviation. In reality, there are many statistical measures that can use Baltic Panamax historical prices to predict the future Baltic Panamax's volatility.
Baltic Panamax secures Sharpe Ratio (or Efficiency) of -0.38, which signifies that the index had a -0.38% return per unit of risk over the last 3 months. Baltic Panamax exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Baltic Panamax are completely uncorrelated.
Auto-correlation
-0.07
Very weak reverse predictability
Baltic Panamax has very weak reverse predictability. Overlapping area represents the amount of predictability between Baltic Panamax time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Baltic Panamax price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Baltic Panamax price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.07
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
1094.6
Baltic Panamax lagged returns against current returns
Autocorrelation, which is Baltic Panamax index'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 Baltic Panamax's index expected returns. We can calculate the autocorrelation of Baltic Panamax returns to help us make a trade decision. For example, suppose you find that Baltic Panamax has exhibited high autocorrelation historically, and you observe that the index 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
Baltic Panamax 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 Baltic Panamax index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baltic Panamax index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baltic Panamax index over time.
Current vs Lagged Prices
Timeline
Baltic Panamax Lagged Returns
When evaluating Baltic Panamax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baltic Panamax index have on its future price. Baltic Panamax 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, Baltic Panamax autocorrelation shows the relationship between Baltic Panamax index current value and its past values and can show if there is a momentum factor associated with investing in Baltic Panamax.
Regressed Prices
Timeline
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