ISEQ 20's market value is the price at which a share of ISEQ 20 trades on a public exchange. It measures the collective expectations of ISEQ 20 Price investors about its performance. ISEQ 20 is enlisted at 1584.56 as of the 28th of November 2024; that is 1.59 percent decrease since the beginning of the trading day. The index's open price was 1610.14. With this module, you can estimate the performance of a buy and hold strategy of ISEQ 20 Price and determine expected loss or profit from investing in ISEQ 20 over a given investment horizon. Check out Risk vs Return Analysis 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
ISEQ
ISEQ 20 '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 ISEQ 20'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 ISEQ 20.
0.00
10/29/2024
No Change 0.00
0.0
In 30 days
11/28/2024
0.00
If you would invest 0.00 in ISEQ 20 on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ISEQ 20 Price or generate 0.0% return on investment in ISEQ 20 over 30 days.
ISEQ 20 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 ISEQ 20'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 ISEQ 20 Price 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 ISEQ 20's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISEQ 20's standard deviation. In reality, there are many statistical measures that can use ISEQ 20 historical prices to predict the future ISEQ 20's volatility.
ISEQ 20 Price holds Efficiency (Sharpe) Ratio of -0.0611, which attests that the entity had a -0.0611% return per unit of return volatility over the last 3 months. ISEQ 20 Price exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and ISEQ 20 are completely uncorrelated.
Auto-correlation
-0.35
Poor reverse predictability
ISEQ 20 Price has poor reverse predictability. Overlapping area represents the amount of predictability between ISEQ 20 time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 ISEQ 20 Price price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current ISEQ 20 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.35
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
205.77
ISEQ 20 Price lagged returns against current returns
Autocorrelation, which is ISEQ 20 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 ISEQ 20's index expected returns. We can calculate the autocorrelation of ISEQ 20 returns to help us make a trade decision. For example, suppose you find that ISEQ 20 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
ISEQ 20 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 ISEQ 20 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISEQ 20 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISEQ 20 index over time.
Current vs Lagged Prices
Timeline
ISEQ 20 Lagged Returns
When evaluating ISEQ 20's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISEQ 20 index have on its future price. ISEQ 20 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, ISEQ 20 autocorrelation shows the relationship between ISEQ 20 index current value and its past values and can show if there is a momentum factor associated with investing in ISEQ 20 Price.
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.