ABNANV 247 13 DEC 29 Market Value
| 00084DAW0 | 87.70 4.65 5.04% |
| Symbol | ABNANV |
Please note, there is a significant difference between ABNANV's value and its price as these two are different measures arrived at by different means. Investors typically determine if ABNANV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABNANV'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.
ABNANV '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 ABNANV's bond 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 ABNANV.
| 02/04/2025 |
| 03/06/2025 |
If you would invest 0.00 in ABNANV on February 4, 2025 and sell it all today you would earn a total of 0.00 from holding ABNANV 247 13 DEC 29 or generate 0.0% return on investment in ABNANV over 30 days. ABNANV is related to or competes with Sphere 3D, Patterson UTI, Tenaris SA, Pembina Pipeline, Transocean, and Helmerich. More
ABNANV 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 ABNANV's bond 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 ABNANV 247 13 DEC 29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.7476 |
ABNANV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABNANV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABNANV's standard deviation. In reality, there are many statistical measures that can use ABNANV historical prices to predict the future ABNANV's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.38) |
ABNANV 247 13 Backtested Returns
ABNANV 247 13 secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14 % return per unit of return volatility over the last 3 months. ABNANV 247 13 DEC 29 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABNANV's Mean Deviation of 0.5263, variance of 1.81, and Standard Deviation of 1.35 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABNANV's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABNANV is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
ABNANV 247 13 DEC 29 has good predictability. Overlapping area represents the amount of predictability between ABNANV time series from 4th of February 2025 to 19th of February 2025 and 19th of February 2025 to 6th of March 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 ABNANV 247 13 price movement. The serial correlation of 0.66 indicates that around 66.0% of current ABNANV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
ABNANV 247 13 lagged returns against current returns
Autocorrelation, which is ABNANV bond'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 ABNANV's bond expected returns. We can calculate the autocorrelation of ABNANV returns to help us make a trade decision. For example, suppose you find that ABNANV has exhibited high autocorrelation historically, and you observe that the bond 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 |
ABNANV 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 ABNANV bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABNANV bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABNANV bond over time.
Current vs Lagged Prices |
| Timeline |
ABNANV Lagged Returns
When evaluating ABNANV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABNANV bond have on its future price. ABNANV 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, ABNANV autocorrelation shows the relationship between ABNANV bond current value and its past values and can show if there is a momentum factor associated with investing in ABNANV 247 13 DEC 29.
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.Other Information on Investing in ABNANV Bond
ABNANV financial ratios help investors to determine whether ABNANV Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ABNANV with respect to the benefits of owning ABNANV security.