AON P Market Value
| 037389BE2 | 88.24 1.40 1.56% |
| Symbol | 037389BE2 |
037389BE2 '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 037389BE2'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 037389BE2.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in 037389BE2 on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding AON P or generate 0.0% return on investment in 037389BE2 over 270 days. 037389BE2 is related to or competes with Lion One, Lincoln Educational, WEBTOON Entertainment, Uranium Energy, and 51Talk Online. More
037389BE2 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 037389BE2'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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.7592 |
037389BE2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 037389BE2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 037389BE2's standard deviation. In reality, there are many statistical measures that can use 037389BE2 historical prices to predict the future 037389BE2's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (1.00) |
037389BE2 Backtested Returns
037389BE2 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of price deviation over the last 3 months. AON P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 037389BE2's Mean Deviation of 0.3183, variance of 0.3784, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.061, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 037389BE2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 037389BE2 is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
AON P has good reverse predictability. Overlapping area represents the amount of predictability between 037389BE2 time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 037389BE2 price movement. The serial correlation of -0.53 indicates that about 53.0% of current 037389BE2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
037389BE2 lagged returns against current returns
Autocorrelation, which is 037389BE2 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 037389BE2's bond expected returns. We can calculate the autocorrelation of 037389BE2 returns to help us make a trade decision. For example, suppose you find that 037389BE2 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 |
037389BE2 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 037389BE2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 037389BE2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 037389BE2 bond over time.
Current vs Lagged Prices |
| Timeline |
037389BE2 Lagged Returns
When evaluating 037389BE2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 037389BE2 bond have on its future price. 037389BE2 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, 037389BE2 autocorrelation shows the relationship between 037389BE2 bond current value and its past values and can show if there is a momentum factor associated with investing in AON P.
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 037389BE2 Bond
037389BE2 financial ratios help investors to determine whether 037389BE2 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 037389BE2 with respect to the benefits of owning 037389BE2 security.