ADVGRO 8625 30 SEP 27 Market Value
| 00840KAA7 | 103.03 0.92 0.89% |
| Symbol | ADVGRO |
Please note, there is a significant difference between ADVGRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADVGRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADVGRO'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.
ADVGRO '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 ADVGRO'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 ADVGRO.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ADVGRO on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ADVGRO 8625 30 SEP 27 or generate 0.0% return on investment in ADVGRO over 30 days. ADVGRO is related to or competes with Hasbro, Marine Products, Kite Realty, SunLink Health, ATRenew, Canlan Ice, and Tencent Music. More
ADVGRO 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 ADVGRO'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 ADVGRO 8625 30 SEP 27 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.633 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.691 |
ADVGRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADVGRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADVGRO's standard deviation. In reality, there are many statistical measures that can use ADVGRO historical prices to predict the future ADVGRO's volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | 3.0E-4 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.122 |
ADVGRO 8625 30 Backtested Returns
At this point, ADVGRO is very steady. ADVGRO 8625 30 secures Sharpe Ratio (or Efficiency) of 0.0045, which signifies that the bond had a 0.0045% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ADVGRO 8625 30 SEP 27, which you can use to evaluate the volatility of the entity. Please confirm ADVGRO's risk adjusted performance of 0.0232, and Mean Deviation of 0.3632 to double-check if the risk estimate we provide is consistent with the expected return of 0.002%. The bond shows a Beta (market volatility) of 0.0767, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ADVGRO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADVGRO is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
ADVGRO 8625 30 SEP 27 has weak reverse predictability. Overlapping area represents the amount of predictability between ADVGRO time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ADVGRO 8625 30 price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current ADVGRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
ADVGRO 8625 30 lagged returns against current returns
Autocorrelation, which is ADVGRO 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 ADVGRO's bond expected returns. We can calculate the autocorrelation of ADVGRO returns to help us make a trade decision. For example, suppose you find that ADVGRO 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 |
ADVGRO 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 ADVGRO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADVGRO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADVGRO bond over time.
Current vs Lagged Prices |
| Timeline |
ADVGRO Lagged Returns
When evaluating ADVGRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADVGRO bond have on its future price. ADVGRO 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, ADVGRO autocorrelation shows the relationship between ADVGRO bond current value and its past values and can show if there is a momentum factor associated with investing in ADVGRO 8625 30 SEP 27.
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 ADVGRO Bond
ADVGRO financial ratios help investors to determine whether ADVGRO 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 ADVGRO with respect to the benefits of owning ADVGRO security.