BANK AMER P Market Value
| 06051GFQ7 | 126.93 34.60 37.47% |
| Symbol | 06051GFQ7 |
06051GFQ7 '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 06051GFQ7'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 06051GFQ7.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 06051GFQ7 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding BANK AMER P or generate 0.0% return on investment in 06051GFQ7 over 30 days. 06051GFQ7 is related to or competes with Radcom, Iridium Communications, Playtika Holding, Meiwu Technology, Sphere Entertainment, ServiceNow, and Zhihu. More
06051GFQ7 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 06051GFQ7'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 BANK AMER P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9632 | |||
| Information Ratio | 0.0847 | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.82 |
06051GFQ7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06051GFQ7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06051GFQ7's standard deviation. In reality, there are many statistical measures that can use 06051GFQ7 historical prices to predict the future 06051GFQ7's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.5542 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.408 | |||
| Treynor Ratio | (1.28) |
BANK AMER P Backtested Returns
06051GFQ7 appears to be very steady, given 3 months investment horizon. BANK AMER P secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the bond had a 0.12% return per unit of price deviation over the last 3 months. By inspecting 06051GFQ7's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of 06051GFQ7's Mean Deviation of 1.48, coefficient of variation of 895.05, and Standard Deviation of 4.64 to double-check if our risk estimates are consistent with your expectations. The entity shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 06051GFQ7 are expected to decrease at a much lower rate. During the bear market, 06051GFQ7 is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
BANK AMER P has weak reverse predictability. Overlapping area represents the amount of predictability between 06051GFQ7 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 BANK AMER P price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current 06051GFQ7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 105.18 |
BANK AMER P lagged returns against current returns
Autocorrelation, which is 06051GFQ7 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 06051GFQ7's bond expected returns. We can calculate the autocorrelation of 06051GFQ7 returns to help us make a trade decision. For example, suppose you find that 06051GFQ7 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 |
06051GFQ7 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 06051GFQ7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06051GFQ7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06051GFQ7 bond over time.
Current vs Lagged Prices |
| Timeline |
06051GFQ7 Lagged Returns
When evaluating 06051GFQ7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06051GFQ7 bond have on its future price. 06051GFQ7 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, 06051GFQ7 autocorrelation shows the relationship between 06051GFQ7 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK AMER P.
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 06051GFQ7 Bond
06051GFQ7 financial ratios help investors to determine whether 06051GFQ7 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 06051GFQ7 with respect to the benefits of owning 06051GFQ7 security.