AZO 45 01 FEB 28 Market Value
| 053332BC5 | 99.50 0.21 0.21% |
| Symbol | 053332BC5 |
Please note, there is a significant difference between 053332BC5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 053332BC5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 053332BC5'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.
053332BC5 '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 053332BC5'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 053332BC5.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in 053332BC5 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding AZO 45 01 FEB 28 or generate 0.0% return on investment in 053332BC5 over 180 days. 053332BC5 is related to or competes with Delta Air, Aegean Airlines, Southwest Airlines, Ryanair Holdings, JetBlue Airways, and Cebu Air. More
053332BC5 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 053332BC5'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 AZO 45 01 FEB 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.11 |
053332BC5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 053332BC5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 053332BC5's standard deviation. In reality, there are many statistical measures that can use 053332BC5 historical prices to predict the future 053332BC5's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.98) |
AZO 45 01 Backtested Returns
AZO 45 01 secures Sharpe Ratio (or Efficiency) of -0.067, which signifies that the bond had a -0.067% return per unit of price deviation over the last 3 months. AZO 45 01 FEB 28 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 053332BC5's Variance of 0.9093, mean deviation of 0.5356, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0288, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 053332BC5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 053332BC5 is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
AZO 45 01 FEB 28 has excellent reverse predictability. Overlapping area represents the amount of predictability between 053332BC5 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 AZO 45 01 price movement. The serial correlation of -0.83 indicates that around 83.0% of current 053332BC5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
AZO 45 01 lagged returns against current returns
Autocorrelation, which is 053332BC5 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 053332BC5's bond expected returns. We can calculate the autocorrelation of 053332BC5 returns to help us make a trade decision. For example, suppose you find that 053332BC5 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 |
053332BC5 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 053332BC5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 053332BC5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 053332BC5 bond over time.
Current vs Lagged Prices |
| Timeline |
053332BC5 Lagged Returns
When evaluating 053332BC5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 053332BC5 bond have on its future price. 053332BC5 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, 053332BC5 autocorrelation shows the relationship between 053332BC5 bond current value and its past values and can show if there is a momentum factor associated with investing in AZO 45 01 FEB 28.
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 053332BC5 Bond
053332BC5 financial ratios help investors to determine whether 053332BC5 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 053332BC5 with respect to the benefits of owning 053332BC5 security.