Select Sector (Mexico) Market Value

XLP Etf  MXN 1,259  1.27  0.10%   
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 1258.81 as of the 28th of March 2024; that is 0.10 percent increase since the beginning of the trading day. The etf's open price was 1257.54.
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 Select Sector Correlation, Select Sector Volatility and Select Sector Alpha and Beta module to complement your research on Select Sector.
Symbol

Please note, there is a significant difference between Select Sector's value and its price as these two are different measures arrived at by different means. Investors typically determine if Select Sector is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Select Sector'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.

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
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Select Sector on February 27, 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 30 days. Select Sector is related to or competes with Vanguard Index, Vanguard Index, Vanguard Bond, Invesco QQQ, Vanguard Tax, and Vanguard International. The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield pe... More

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.

Select Sector Market Risk Indicators

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Select Sector'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.
Hype
Prediction
LowEstimatedHigh
1,2581,2591,260
Details
Intrinsic
Valuation
LowRealHigh
1,2111,2121,385
Details
Naive
Forecast
LowNextHigh
1,2541,2551,256
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,2571,2581,260
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Select Sector. Your research has to be compared to or analyzed against Select Sector's peers to derive any actionable benefits. When done correctly, Select Sector's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Select Sector.

Select Sector Backtested Returns

We consider Select Sector very steady. Select Sector owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0602, which indicates the etf had a 0.0602% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for The Select Sector, which you can use to evaluate the volatility of the etf. Please validate Select Sector's Coefficient Of Variation of 1256.27, risk adjusted performance of 0.0486, and Semi Deviation of 0.7732 to confirm if the risk estimate we provide is consistent with the expected return of 0.0609%. The entity has a beta of -0.0247, 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

    
  0.09  

Virtually no predictability

The Select Sector has virtually no predictability. Overlapping area represents the amount of predictability between Select Sector time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Select Sector price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Select Sector price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test0.67
Residual Average0.0
Price Variance106.73

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  

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Check out Select Sector Correlation, Select Sector Volatility and Select Sector Alpha and Beta module to complement your research on Select Sector.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Select Etf analysis

When running Select Sector's price analysis, check to measure Select Sector'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 Select Sector is operating at the current time. Most of Select Sector's value examination focuses on studying past and present price action to predict the probability of Select Sector's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Select Sector's price. Additionally, you may evaluate how the addition of Select Sector to your portfolios can decrease your overall portfolio volatility.
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Select Sector 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 Select Sector technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Select Sector 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...