Panagram Bbb B Clo Etf Market Value
| CLOZ Etf | 27.09 0.01 0.04% |
| Symbol | Panagram |
The market value of Panagram Bbb B is measured differently than its book value, which is the value of Panagram that is recorded on the company's balance sheet. Investors also form their own opinion of Panagram Bbb's value that differs from its market value or its book value, called intrinsic value, which is Panagram Bbb'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 Panagram Bbb's market value can be influenced by many factors that don't directly affect Panagram Bbb'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 Panagram Bbb's value and its price as these two are different measures arrived at by different means. Investors typically determine if Panagram Bbb is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Panagram Bbb'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.
Panagram Bbb '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 Panagram Bbb'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 Panagram Bbb.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Panagram Bbb on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Panagram Bbb B Clo or generate 0.0% return on investment in Panagram Bbb over 720 days. Panagram Bbb is related to or competes with Janus Detroit, Janus Detroit, VanEck ETF, BlackRock AAA, and Invesco Aaa. Panagram Bbb is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Panagram Bbb 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 Panagram Bbb'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 Panagram Bbb B Clo upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0946 | |||
| Information Ratio | (0.85) | |||
| Maximum Drawdown | 0.5221 | |||
| Value At Risk | (0.08) | |||
| Potential Upside | 0.1873 |
Panagram Bbb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panagram Bbb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panagram Bbb's standard deviation. In reality, there are many statistical measures that can use Panagram Bbb historical prices to predict the future Panagram Bbb's volatility.| Risk Adjusted Performance | 0.3126 | |||
| Jensen Alpha | 0.0364 | |||
| Total Risk Alpha | 0.0227 | |||
| Sortino Ratio | (0.83) | |||
| Treynor Ratio | 22.89 |
Panagram Bbb B Backtested Returns
At this stage we consider Panagram Etf to be very steady. Panagram Bbb B maintains Sharpe Ratio (i.e., Efficiency) of 0.48, which implies the entity had a 0.48% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Panagram Bbb B, which you can use to evaluate the volatility of the etf. Please check Panagram Bbb's Standard Deviation of 0.0927, risk adjusted performance of 0.3126, and Downside Deviation of 0.0946 to confirm if the risk estimate we provide is consistent with the expected return of 0.0451%. The etf holds a Beta of 0.0016, which implies not very significant fluctuations relative to the market. As returns on the market increase, Panagram Bbb's returns are expected to increase less than the market. However, during the bear market, the loss of holding Panagram Bbb is expected to be smaller as well.
Auto-correlation | 0.95 |
Excellent predictability
Panagram Bbb B Clo has excellent predictability. Overlapping area represents the amount of predictability between Panagram Bbb time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Panagram Bbb B price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current Panagram Bbb price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.97 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Panagram Bbb B lagged returns against current returns
Autocorrelation, which is Panagram Bbb 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 Panagram Bbb's etf expected returns. We can calculate the autocorrelation of Panagram Bbb returns to help us make a trade decision. For example, suppose you find that Panagram Bbb 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 |
Panagram Bbb 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 Panagram Bbb etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panagram Bbb etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panagram Bbb etf over time.
Current vs Lagged Prices |
| Timeline |
Panagram Bbb Lagged Returns
When evaluating Panagram Bbb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panagram Bbb etf have on its future price. Panagram Bbb 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, Panagram Bbb autocorrelation shows the relationship between Panagram Bbb etf current value and its past values and can show if there is a momentum factor associated with investing in Panagram Bbb B Clo.
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.When determining whether Panagram Bbb B offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Panagram Bbb's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Panagram Bbb B Clo Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Panagram Bbb B Clo Etf:Check out Panagram Bbb Correlation, Panagram Bbb Volatility and Panagram Bbb Alpha and Beta module to complement your research on Panagram Bbb. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Panagram Bbb 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.