AMERICAN WTR CAP Market Value
| 03040WAN5 | 94.38 2.29 2.37% |
| Symbol | AMERICAN |
AMERICAN '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 AMERICAN'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 AMERICAN.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AMERICAN on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AMERICAN WTR CAP or generate 0.0% return on investment in AMERICAN over 30 days. AMERICAN is related to or competes with Juniata Valley, PennantPark Floating, Univest Pennsylvania, Willscot Mobile, Chiba Bank, and Arrow Financial. More
AMERICAN 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 AMERICAN'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 AMERICAN WTR CAP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.07 |
AMERICAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMERICAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMERICAN's standard deviation. In reality, there are many statistical measures that can use AMERICAN historical prices to predict the future AMERICAN's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.09) |
AMERICAN WTR CAP Backtested Returns
AMERICAN WTR CAP secures Sharpe Ratio (or Efficiency) of -0.0566, which signifies that the bond had a -0.0566% return per unit of risk over the last 3 months. AMERICAN WTR CAP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMERICAN's Mean Deviation of 0.5025, insignificant risk adjusted performance, and Standard Deviation of 0.9279 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMERICAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMERICAN is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
AMERICAN WTR CAP has modest predictability. Overlapping area represents the amount of predictability between AMERICAN time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 AMERICAN WTR CAP price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current AMERICAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
AMERICAN WTR CAP lagged returns against current returns
Autocorrelation, which is AMERICAN 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 AMERICAN's bond expected returns. We can calculate the autocorrelation of AMERICAN returns to help us make a trade decision. For example, suppose you find that AMERICAN 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 |
AMERICAN 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 AMERICAN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMERICAN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMERICAN bond over time.
Current vs Lagged Prices |
| Timeline |
AMERICAN Lagged Returns
When evaluating AMERICAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMERICAN bond have on its future price. AMERICAN 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, AMERICAN autocorrelation shows the relationship between AMERICAN bond current value and its past values and can show if there is a momentum factor associated with investing in AMERICAN WTR CAP.
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 AMERICAN Bond
AMERICAN financial ratios help investors to determine whether AMERICAN 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 AMERICAN with respect to the benefits of owning AMERICAN security.