SP 500's market value is the price at which a share of SP 500 trades on a public exchange. It measures the collective expectations of SP 500 Financials investors about its performance. SP 500 is enlisted at 814.75 as of the 20th of December 2024; that is 2.71 percent up since the beginning of the trading day. The index's open price was 793.27. With this module, you can estimate the performance of a buy and hold strategy of SP 500 Financials and determine expected loss or profit from investing in SP 500 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 index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
SPSY
SP 500 '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 SP 500'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 SP 500.
0.00
12/31/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/20/2024
0.00
If you would invest 0.00 in SP 500 on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding SP 500 Financials or generate 0.0% return on investment in SP 500 over 720 days.
SP 500 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 SP 500'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 SP 500 Financials 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 SP 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP 500's standard deviation. In reality, there are many statistical measures that can use SP 500 historical prices to predict the future SP 500's volatility.
SP 500 Financials retains Efficiency (Sharpe Ratio) of 0.12, which indicates the index had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for SP 500, which you can use to evaluate the volatility of the index. The entity owns a Beta (Systematic Risk) of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SP 500 are completely uncorrelated.
Auto-correlation
0.13
Insignificant predictability
SP 500 Financials has insignificant predictability. Overlapping area represents the amount of predictability between SP 500 time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 SP 500 Financials price movement. The serial correlation of 0.13 indicates that less than 13.0% of current SP 500 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.13
Spearman Rank Test
0.02
Residual Average
0.0
Price Variance
3443.14
SP 500 Financials lagged returns against current returns
Autocorrelation, which is SP 500 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 SP 500's index expected returns. We can calculate the autocorrelation of SP 500 returns to help us make a trade decision. For example, suppose you find that SP 500 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
SP 500 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 SP 500 index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP 500 index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP 500 index over time.
Current vs Lagged Prices
Timeline
SP 500 Lagged Returns
When evaluating SP 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP 500 index have on its future price. SP 500 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, SP 500 autocorrelation shows the relationship between SP 500 index current value and its past values and can show if there is a momentum factor associated with investing in SP 500 Financials.
Regressed Prices
Timeline
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