BAC 5875 Market Value
| 060505FL3 | 96.60 4.64 4.58% |
| Symbol | 060505FL3 |
Please note, there is a significant difference between 060505FL3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 060505FL3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 060505FL3'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.
060505FL3 '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 060505FL3'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 060505FL3.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in 060505FL3 on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding BAC 5875 or generate 0.0% return on investment in 060505FL3 over 180 days. 060505FL3 is related to or competes with Cardinal Health, Air Lease, FTAI Aviation, AerCap Holdings, Cedar Realty, SunOpta, and Mitsubishi UFJ. More
060505FL3 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 060505FL3'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 BAC 5875 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.1 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.25 |
060505FL3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 060505FL3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 060505FL3's standard deviation. In reality, there are many statistical measures that can use 060505FL3 historical prices to predict the future 060505FL3's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.09) |
060505FL3 Backtested Returns
060505FL3 retains Efficiency (Sharpe Ratio) of -0.025, which signifies that the bond had a -0.025% return per unit of price deviation over the last 3 months. 060505FL3 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 060505FL3's Market Risk Adjusted Performance of (0.08), variance of 6.88, and Information Ratio of (0.06) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 060505FL3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 060505FL3 is expected to be smaller as well.
Auto-correlation | -0.01 |
Very weak reverse predictability
BAC 5875 has very weak reverse predictability. Overlapping area represents the amount of predictability between 060505FL3 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 060505FL3 price movement. The serial correlation of -0.01 indicates that just 1.0% of current 060505FL3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
060505FL3 lagged returns against current returns
Autocorrelation, which is 060505FL3 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 060505FL3's bond expected returns. We can calculate the autocorrelation of 060505FL3 returns to help us make a trade decision. For example, suppose you find that 060505FL3 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 |
060505FL3 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 060505FL3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 060505FL3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 060505FL3 bond over time.
Current vs Lagged Prices |
| Timeline |
060505FL3 Lagged Returns
When evaluating 060505FL3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 060505FL3 bond have on its future price. 060505FL3 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, 060505FL3 autocorrelation shows the relationship between 060505FL3 bond current value and its past values and can show if there is a momentum factor associated with investing in BAC 5875.
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 060505FL3 Bond
060505FL3 financial ratios help investors to determine whether 060505FL3 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 060505FL3 with respect to the benefits of owning 060505FL3 security.