ATDBCN 45 26 JUL 47 Market Value
| 01626PAG1 | 83.78 0.53 0.63% |
| Symbol | ATDBCN |
Please note, there is a significant difference between ATDBCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATDBCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATDBCN'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.
ATDBCN '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 ATDBCN'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 ATDBCN.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in ATDBCN on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding ATDBCN 45 26 JUL 47 or generate 0.0% return on investment in ATDBCN over 540 days. ATDBCN is related to or competes with Park Ohio, Dream Finders, Everus Construction, Atmos Energy, Parker Hannifin, GE Vernova, and Newpark Resources. More
ATDBCN 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 ATDBCN'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 ATDBCN 45 26 JUL 47 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 16.63 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.91 |
ATDBCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ATDBCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ATDBCN's standard deviation. In reality, there are many statistical measures that can use ATDBCN historical prices to predict the future ATDBCN's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.1959 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | (0.73) |
ATDBCN 45 26 Backtested Returns
ATDBCN 45 26 secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the bond had a -0.16% return per unit of risk over the last 3 months. ATDBCN 45 26 JUL 47 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ATDBCN's Risk Adjusted Performance of 0.0592, downside deviation of 2.96, and Mean Deviation of 1.44 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ATDBCN are expected to decrease at a much lower rate. During the bear market, ATDBCN is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
ATDBCN 45 26 JUL 47 has modest predictability. Overlapping area represents the amount of predictability between ATDBCN time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 ATDBCN 45 26 price movement. The serial correlation of 0.53 indicates that about 53.0% of current ATDBCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
ATDBCN 45 26 lagged returns against current returns
Autocorrelation, which is ATDBCN 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 ATDBCN's bond expected returns. We can calculate the autocorrelation of ATDBCN returns to help us make a trade decision. For example, suppose you find that ATDBCN 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 |
ATDBCN 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 ATDBCN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ATDBCN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ATDBCN bond over time.
Current vs Lagged Prices |
| Timeline |
ATDBCN Lagged Returns
When evaluating ATDBCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ATDBCN bond have on its future price. ATDBCN 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, ATDBCN autocorrelation shows the relationship between ATDBCN bond current value and its past values and can show if there is a momentum factor associated with investing in ATDBCN 45 26 JUL 47.
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 ATDBCN Bond
ATDBCN financial ratios help investors to determine whether ATDBCN 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 ATDBCN with respect to the benefits of owning ATDBCN security.