AON P 8205 Market Value
| 037389AK9 | 106.94 1.24 1.17% |
| Symbol | 037389AK9 |
037389AK9 '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 037389AK9'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 037389AK9.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in 037389AK9 on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding AON P 8205 or generate 0.0% return on investment in 037389AK9 over 390 days. 037389AK9 is related to or competes with Bank of America, Old Republic, Kite Realty, Sea, Meiwu Technology, and Valvoline. More
037389AK9 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 037389AK9'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 AON P 8205 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3837 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6432 |
037389AK9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 037389AK9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 037389AK9's standard deviation. In reality, there are many statistical measures that can use 037389AK9 historical prices to predict the future 037389AK9's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | 0.0135 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.0306 |
AON P 8205 Backtested Returns
AON P 8205 secures Sharpe Ratio (or Efficiency) of -0.082, which signifies that the bond had a -0.082% return per unit of price deviation over the last 3 months. AON P 8205 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 037389AK9's Mean Deviation of 0.299, risk adjusted performance of 0.0019, and Coefficient Of Variation of 6947.67 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 037389AK9 are expected to decrease at a much lower rate. During the bear market, 037389AK9 is likely to outperform the market.
Auto-correlation | 0.31 |
Below average predictability
AON P 8205 has below average predictability. Overlapping area represents the amount of predictability between 037389AK9 time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 AON P 8205 price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current 037389AK9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
AON P 8205 lagged returns against current returns
Autocorrelation, which is 037389AK9 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 037389AK9's bond expected returns. We can calculate the autocorrelation of 037389AK9 returns to help us make a trade decision. For example, suppose you find that 037389AK9 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 |
037389AK9 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 037389AK9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 037389AK9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 037389AK9 bond over time.
Current vs Lagged Prices |
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037389AK9 Lagged Returns
When evaluating 037389AK9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 037389AK9 bond have on its future price. 037389AK9 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, 037389AK9 autocorrelation shows the relationship between 037389AK9 bond current value and its past values and can show if there is a momentum factor associated with investing in AON P 8205.
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 037389AK9 Bond
037389AK9 financial ratios help investors to determine whether 037389AK9 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 037389AK9 with respect to the benefits of owning 037389AK9 security.