AMGN 575 02 MAR 63 Market Value
| 031162DU1 | 99.55 1.16 1.15% |
| Symbol | 031162DU1 |
Please note, there is a significant difference between 031162DU1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 031162DU1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 031162DU1'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.
031162DU1 '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 031162DU1'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 031162DU1.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in 031162DU1 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AMGN 575 02 MAR 63 or generate 0.0% return on investment in 031162DU1 over 180 days. 031162DU1 is related to or competes with Sphere Entertainment, Pinterest, Zedge, Iridium Communications, National CineMedia, Radcom, and Herc Holdings. More
031162DU1 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 031162DU1'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 AMGN 575 02 MAR 63 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.77 |
031162DU1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 031162DU1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 031162DU1's standard deviation. In reality, there are many statistical measures that can use 031162DU1 historical prices to predict the future 031162DU1's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 1.31 |
AMGN 575 02 Backtested Returns
AMGN 575 02 secures Sharpe Ratio (or Efficiency) of -0.0702, which signifies that the bond had a -0.0702% return per unit of price deviation over the last 3 months. AMGN 575 02 MAR 63 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 031162DU1's Risk Adjusted Performance of (0.02), variance of 4.89, and Mean Deviation of 1.11 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0604, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 031162DU1 are expected to decrease at a much lower rate. During the bear market, 031162DU1 is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
AMGN 575 02 MAR 63 has good reverse predictability. Overlapping area represents the amount of predictability between 031162DU1 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 AMGN 575 02 price movement. The serial correlation of -0.51 indicates that about 51.0% of current 031162DU1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 10.74 |
AMGN 575 02 lagged returns against current returns
Autocorrelation, which is 031162DU1 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 031162DU1's bond expected returns. We can calculate the autocorrelation of 031162DU1 returns to help us make a trade decision. For example, suppose you find that 031162DU1 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 |
031162DU1 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 031162DU1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 031162DU1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 031162DU1 bond over time.
Current vs Lagged Prices |
| Timeline |
031162DU1 Lagged Returns
When evaluating 031162DU1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 031162DU1 bond have on its future price. 031162DU1 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, 031162DU1 autocorrelation shows the relationship between 031162DU1 bond current value and its past values and can show if there is a momentum factor associated with investing in AMGN 575 02 MAR 63.
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 031162DU1 Bond
031162DU1 financial ratios help investors to determine whether 031162DU1 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 031162DU1 with respect to the benefits of owning 031162DU1 security.