AEP TEX INC Market Value
| 00108WAF7 | 82.21 8.88 12.11% |
| Symbol | 00108WAF7 |
00108WAF7 '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 00108WAF7'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 00108WAF7.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 00108WAF7 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding AEP TEX INC or generate 0.0% return on investment in 00108WAF7 over 30 days. 00108WAF7 is related to or competes with Pentair PLC, Torm PLC, Ryanair Holdings, Old Dominion, Yuexiu Transport, Tencent Music, and Grupo Aeroportuario. More
00108WAF7 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 00108WAF7'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 AEP TEX INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0206 | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.24 |
00108WAF7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 00108WAF7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 00108WAF7's standard deviation. In reality, there are many statistical measures that can use 00108WAF7 historical prices to predict the future 00108WAF7's volatility.| Risk Adjusted Performance | 0.0728 | |||
| Jensen Alpha | 0.1709 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | (2.06) |
AEP TEX INC Backtested Returns
00108WAF7 is out of control given 3 months investment horizon. AEP TEX INC secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the bond had a 0.13% return per unit of price deviation over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 19.32% are justified by taking the suggested risk. Use 00108WAF7 Mean Deviation of 1.26, coefficient of variation of 1149.28, and Risk Adjusted Performance of 0.0728 to evaluate company specific risk that cannot be diversified away. The bond shows a Beta (market volatility) of -0.0784, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 00108WAF7 are expected to decrease at a much lower rate. During the bear market, 00108WAF7 is likely to outperform the market.
Auto-correlation | 0.03 |
Virtually no predictability
AEP TEX INC has virtually no predictability. Overlapping area represents the amount of predictability between 00108WAF7 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 AEP TEX INC price movement. The serial correlation of 0.03 indicates that only 3.0% of current 00108WAF7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.06 |
AEP TEX INC lagged returns against current returns
Autocorrelation, which is 00108WAF7 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 00108WAF7's bond expected returns. We can calculate the autocorrelation of 00108WAF7 returns to help us make a trade decision. For example, suppose you find that 00108WAF7 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 |
00108WAF7 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 00108WAF7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 00108WAF7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 00108WAF7 bond over time.
Current vs Lagged Prices |
| Timeline |
00108WAF7 Lagged Returns
When evaluating 00108WAF7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 00108WAF7 bond have on its future price. 00108WAF7 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, 00108WAF7 autocorrelation shows the relationship between 00108WAF7 bond current value and its past values and can show if there is a momentum factor associated with investing in AEP TEX INC.
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 00108WAF7 Bond
00108WAF7 financial ratios help investors to determine whether 00108WAF7 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 00108WAF7 with respect to the benefits of owning 00108WAF7 security.