US04625PAA93 Market Value
| 04625PAA9 | 99.70 0.45 0.45% |
| Symbol | 04625PAA9 |
Please note, there is a significant difference between 04625PAA9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 04625PAA9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 04625PAA9'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.
04625PAA9 '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 04625PAA9'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 04625PAA9.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 04625PAA9 on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding US04625PAA93 or generate 0.0% return on investment in 04625PAA9 over 60 days. 04625PAA9 is related to or competes with Citi Trends, Bank of America, Aegon NV, Burlington Stores, Duluth Holdings, SEI Investments, and CapitaLand Investment. More
04625PAA9 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 04625PAA9'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 US04625PAA93 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.59 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 1.29 |
04625PAA9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 04625PAA9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 04625PAA9's standard deviation. In reality, there are many statistical measures that can use 04625PAA9 historical prices to predict the future 04625PAA9's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0112 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.168 |
US04625PAA93 Backtested Returns
US04625PAA93 retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the bond had a -0.11% return per unit of price deviation over the last 3 months. 04625PAA9 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 04625PAA9's Risk Adjusted Performance of 0.0182, coefficient of variation of 7409.88, and Semi Deviation of 3.82 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 04625PAA9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 04625PAA9 is expected to be smaller as well.
Auto-correlation | -0.29 |
Weak reverse predictability
US04625PAA93 has weak reverse predictability. Overlapping area represents the amount of predictability between 04625PAA9 time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 US04625PAA93 price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current 04625PAA9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 14.33 |
US04625PAA93 lagged returns against current returns
Autocorrelation, which is 04625PAA9 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 04625PAA9's bond expected returns. We can calculate the autocorrelation of 04625PAA9 returns to help us make a trade decision. For example, suppose you find that 04625PAA9 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 |
04625PAA9 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 04625PAA9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 04625PAA9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 04625PAA9 bond over time.
Current vs Lagged Prices |
| Timeline |
04625PAA9 Lagged Returns
When evaluating 04625PAA9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 04625PAA9 bond have on its future price. 04625PAA9 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, 04625PAA9 autocorrelation shows the relationship between 04625PAA9 bond current value and its past values and can show if there is a momentum factor associated with investing in US04625PAA93.
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 04625PAA9 Bond
04625PAA9 financial ratios help investors to determine whether 04625PAA9 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 04625PAA9 with respect to the benefits of owning 04625PAA9 security.