ARES CAPITAL PORATION Market Value
| 04010LAZ6 | 93.80 4.72 4.79% |
| Symbol | 04010LAZ6 |
04010LAZ6 '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 04010LAZ6'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 04010LAZ6.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 04010LAZ6 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ARES CAPITAL PORATION or generate 0.0% return on investment in 04010LAZ6 over 30 days. 04010LAZ6 is related to or competes with Teleflex Incorporated, RadNet, Nextplat Corp, HUTCHMED DRC, Iridium Communications, and Sphere Entertainment. More
04010LAZ6 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 04010LAZ6'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 ARES CAPITAL PORATION upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.27 |
04010LAZ6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 04010LAZ6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 04010LAZ6's standard deviation. In reality, there are many statistical measures that can use 04010LAZ6 historical prices to predict the future 04010LAZ6's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.1906 |
ARES CAPITAL PORATION Backtested Returns
ARES CAPITAL PORATION secures Sharpe Ratio (or Efficiency) of -0.0518, which signifies that the bond had a -0.0518% return per unit of price deviation over the last 3 months. ARES CAPITAL PORATION exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 04010LAZ6's Mean Deviation of 0.5559, risk adjusted performance of (0.03), and Variance of 1.97 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 04010LAZ6 are expected to decrease at a much lower rate. During the bear market, 04010LAZ6 is likely to outperform the market.
Auto-correlation | -0.31 |
Poor reverse predictability
ARES CAPITAL PORATION has poor reverse predictability. Overlapping area represents the amount of predictability between 04010LAZ6 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 ARES CAPITAL PORATION price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current 04010LAZ6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 4.44 |
ARES CAPITAL PORATION lagged returns against current returns
Autocorrelation, which is 04010LAZ6 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 04010LAZ6's bond expected returns. We can calculate the autocorrelation of 04010LAZ6 returns to help us make a trade decision. For example, suppose you find that 04010LAZ6 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 |
04010LAZ6 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 04010LAZ6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 04010LAZ6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 04010LAZ6 bond over time.
Current vs Lagged Prices |
| Timeline |
04010LAZ6 Lagged Returns
When evaluating 04010LAZ6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 04010LAZ6 bond have on its future price. 04010LAZ6 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, 04010LAZ6 autocorrelation shows the relationship between 04010LAZ6 bond current value and its past values and can show if there is a momentum factor associated with investing in ARES CAPITAL PORATION.
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 04010LAZ6 Bond
04010LAZ6 financial ratios help investors to determine whether 04010LAZ6 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 04010LAZ6 with respect to the benefits of owning 04010LAZ6 security.