AJG 55 02 MAR 33 Market Value
| 04316JAD1 | 100.25 2.17 2.12% |
| Symbol | 04316JAD1 |
Please note, there is a significant difference between 04316JAD1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 04316JAD1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 04316JAD1'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.
04316JAD1 '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 04316JAD1'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 04316JAD1.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in 04316JAD1 on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding AJG 55 02 MAR 33 or generate 0.0% return on investment in 04316JAD1 over 180 days. 04316JAD1 is related to or competes with Advanced Micro, Toro, JBG SMITH, Analog Devices, Microbot Medical, Nike, and ON Semiconductor. More
04316JAD1 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 04316JAD1'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 AJG 55 02 MAR 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.37 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.02 |
04316JAD1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 04316JAD1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 04316JAD1's standard deviation. In reality, there are many statistical measures that can use 04316JAD1 historical prices to predict the future 04316JAD1's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.24) |
AJG 55 02 Backtested Returns
AJG 55 02 secures Sharpe Ratio (or Efficiency) of -0.0369, which signifies that the bond had a -0.0369% return per unit of price deviation over the last 3 months. AJG 55 02 MAR 33 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 04316JAD1's Mean Deviation of 0.5785, variance of 1.88, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 04316JAD1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 04316JAD1 is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
AJG 55 02 MAR 33 has very good reverse predictability. Overlapping area represents the amount of predictability between 04316JAD1 time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 AJG 55 02 price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current 04316JAD1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
AJG 55 02 lagged returns against current returns
Autocorrelation, which is 04316JAD1 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 04316JAD1's bond expected returns. We can calculate the autocorrelation of 04316JAD1 returns to help us make a trade decision. For example, suppose you find that 04316JAD1 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 |
04316JAD1 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 04316JAD1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 04316JAD1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 04316JAD1 bond over time.
Current vs Lagged Prices |
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04316JAD1 Lagged Returns
When evaluating 04316JAD1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 04316JAD1 bond have on its future price. 04316JAD1 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, 04316JAD1 autocorrelation shows the relationship between 04316JAD1 bond current value and its past values and can show if there is a momentum factor associated with investing in AJG 55 02 MAR 33.
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 04316JAD1 Bond
04316JAD1 financial ratios help investors to determine whether 04316JAD1 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 04316JAD1 with respect to the benefits of owning 04316JAD1 security.