ALLTEL P 68 Market Value
| 020039AJ2 | 104.74 0.00 0.00% |
| Symbol | ALLTEL |
ALLTEL '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 ALLTEL'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 ALLTEL.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in ALLTEL on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding ALLTEL P 68 or generate 0.0% return on investment in ALLTEL over 720 days. ALLTEL is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
ALLTEL 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 ALLTEL'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 ALLTEL P 68 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.6 |
ALLTEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALLTEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALLTEL's standard deviation. In reality, there are many statistical measures that can use ALLTEL historical prices to predict the future ALLTEL's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.0411 |
ALLTEL P 68 Backtested Returns
ALLTEL P 68 secures Sharpe Ratio (or Efficiency) of -0.0103, which signifies that the bond had a -0.0103% return per unit of return volatility over the last 3 months. ALLTEL P 68 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALLTEL's Mean Deviation of 1.49, coefficient of variation of (40,419), and Risk Adjusted Performance of 0.0039 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ALLTEL are expected to decrease at a much lower rate. During the bear market, ALLTEL is likely to outperform the market.
Auto-correlation | -0.36 |
Poor reverse predictability
ALLTEL P 68 has poor reverse predictability. Overlapping area represents the amount of predictability between ALLTEL time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 ALLTEL P 68 price movement. The serial correlation of -0.36 indicates that just about 36.0% of current ALLTEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 3.2 |
ALLTEL P 68 lagged returns against current returns
Autocorrelation, which is ALLTEL 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 ALLTEL's bond expected returns. We can calculate the autocorrelation of ALLTEL returns to help us make a trade decision. For example, suppose you find that ALLTEL 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 |
ALLTEL 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 ALLTEL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALLTEL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALLTEL bond over time.
Current vs Lagged Prices |
| Timeline |
ALLTEL Lagged Returns
When evaluating ALLTEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALLTEL bond have on its future price. ALLTEL 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, ALLTEL autocorrelation shows the relationship between ALLTEL bond current value and its past values and can show if there is a momentum factor associated with investing in ALLTEL P 68.
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 ALLTEL Bond
ALLTEL financial ratios help investors to determine whether ALLTEL 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 ALLTEL with respect to the benefits of owning ALLTEL security.