SP Small-Cap's market value is the price at which a share of SP Small-Cap trades on a public exchange. It measures the collective expectations of SP Small-Cap 600 investors about its performance. SP Small-Cap is listed at 1364.85 as of the 19th of July 2025, which is a 0.79% down since the beginning of the trading day. The index's lowest day price was 1362.53. With this module, you can estimate the performance of a buy and hold strategy of SP Small-Cap 600 and determine expected loss or profit from investing in SP Small-Cap 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 gross domestic product.
Symbol
SML
SP Small-Cap '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 Small-Cap'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 Small-Cap.
0.00
04/20/2025
No Change 0.00
0.0
In 2 months and 31 days
07/19/2025
0.00
If you would invest 0.00 in SP Small-Cap on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding SP Small-Cap 600 or generate 0.0% return on investment in SP Small-Cap over 90 days.
SP Small-Cap 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 Small-Cap'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 Small-Cap 600 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 Small-Cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SP Small-Cap's standard deviation. In reality, there are many statistical measures that can use SP Small-Cap historical prices to predict the future SP Small-Cap's volatility.
SP Small-Cap 600 retains Efficiency (Sharpe Ratio) of 0.24, which indicates the index had a 0.24 % return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for SP Small-Cap, 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 Small-Cap are completely uncorrelated.
Auto-correlation
0.69
Good predictability
SP Small-Cap 600 has good predictability. Overlapping area represents the amount of predictability between SP Small-Cap time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. 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 Small-Cap 600 price movement. The serial correlation of 0.69 indicates that around 69.0% of current SP Small-Cap price fluctuation can be explain by its past prices.
Correlation Coefficient
0.69
Spearman Rank Test
0.78
Residual Average
0.0
Price Variance
947.27
SP Small-Cap 600 lagged returns against current returns
Autocorrelation, which is SP Small-Cap 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 Small-Cap's index expected returns. We can calculate the autocorrelation of SP Small-Cap returns to help us make a trade decision. For example, suppose you find that SP Small-Cap 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 Small-Cap 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 Small-Cap index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SP Small-Cap index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SP Small-Cap index over time.
Current vs Lagged Prices
Timeline
SP Small-Cap Lagged Returns
When evaluating SP Small-Cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SP Small-Cap index have on its future price. SP Small-Cap 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 Small-Cap autocorrelation shows the relationship between SP Small-Cap index current value and its past values and can show if there is a momentum factor associated with investing in SP Small-Cap 600.
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.