SP Smallcap Etf Market Value

GWX
 Etf
  

USD 26.07  0.04  0.15%   

SP Smallcap's market value is the price at which a share of SP Smallcap stock trades on a public exchange. It measures the collective expectations of SP Smallcap Intl investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of SP Smallcap Intl and determine expected loss or profit from investing in SP Smallcap over a given investment horizon. Please check SP Smallcap Correlation, SP Smallcap Volatility and SP Smallcap Alpha and Beta module to complement your research on SP Smallcap.
Symbol

The market value of SP Smallcap Intl is measured differently than its book value, which is the value of SP Smallcap that is recorded on the company's balance sheet. Investors also form their own opinion of SP Smallcap's value that differs from its market value or its book value, called intrinsic value, which is SP Smallcap's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SP Smallcap's market value can be influenced by many factors that don't directly affect SP Smallcap's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SP Smallcap's value and its price as these two are different measures arrived at by different means. Investors typically determine SP Smallcap value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Smallcap's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SP Smallcap '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 Smallcap'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 SP Smallcap.
0.00
09/02/2022
No Change 0.00  0.0 
In 31 days
10/02/2022
0.00
If you would invest  0.00  in SP Smallcap on September 2, 2022 and sell it all today you would earn a total of 0.00 from holding SP Smallcap Intl or generate 0.0% return on investment in SP Smallcap over 30 days. SP Smallcap is related to or competes with Hp, Dupont Denemours, Walmart, and Alcoa Corp. The fund generally invests substantially all, but at least 80, of its total assets in the securities comprising the inde... More

SP Smallcap 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 Smallcap'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 SP Smallcap Intl upside and downside potential and time the market with a certain degree of confidence.

SP Smallcap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SP Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Smallcap's standard deviation. In reality, there are many statistical measures that can use SP Smallcap historical prices to predict the future SP Smallcap's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of SP Smallcap'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. Please use the tools below to analyze the current value of SP Smallcap in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
24.7926.0727.35
Details
Intrinsic
Valuation
LowReal ValueHigh
25.4826.7628.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SP Smallcap. Your research has to be compared to or analyzed against SP Smallcap's peers to derive any actionable benefits. When done correctly, SP Smallcap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in SP Smallcap Intl.

SP Smallcap Intl Backtested Returns

SP Smallcap Intl retains Efficiency (Sharpe Ratio) of -0.1, which indicates the etf had -0.1% of return per unit of price deviation over the last 3 months. Macroaxis approach towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. SP Smallcap exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SP Smallcap Intl mean deviation of 0.9974, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide.
The entity owns a Beta (Systematic Risk) of 0.8967, which indicates possible diversification benefits within a given portfolio. Let's try to break down what SP Smallcap's beta means in this case. SP Smallcap returns are very sensitive to returns on the market. As the market goes up or down, SP Smallcap is expected to follow. Even though it is essential to pay attention to SP Smallcap Intl existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SP Smallcap exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  -0.19  

Insignificant reverse predictability

SP Smallcap Intl has insignificant reverse predictability. Overlapping area represents the amount of predictability between SP Smallcap time series from 2nd of September 2022 to 17th of September 2022 and 17th of September 2022 to 2nd of October 2022. 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 Smallcap Intl price movement. The serial correlation of -0.19 indicates that over 19.0% of current SP Smallcap price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.79

SP Smallcap Intl lagged returns against current returns

Autocorrelation, which is SP Smallcap 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 SP Smallcap's etf expected returns. We can calculate the autocorrelation of SP Smallcap returns to help us make a trade decision. For example, suppose you find that SP Smallcap etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

SP Smallcap 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 Smallcap etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Smallcap etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Smallcap etf over time.
   Current vs Lagged Prices   
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       Timeline  

SP Smallcap Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SP Smallcap in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SP Smallcap's short interest history, or implied volatility extrapolated from SP Smallcap options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as SP Smallcap Intl using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check SP Smallcap Correlation, SP Smallcap Volatility and SP Smallcap Alpha and Beta module to complement your research on SP Smallcap. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for analysis

When running SP Smallcap Intl price analysis, check to measure SP Smallcap's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SP Smallcap is operating at the current time. Most of SP Smallcap's value examination focuses on studying past and present price action to predict the probability of SP Smallcap's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SP Smallcap's price. Additionally, you may evaluate how the addition of SP Smallcap to your portfolios can decrease your overall portfolio volatility.
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SP Smallcap technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of SP Smallcap technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of SP Smallcap trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...