BK 385 26 APR 29 Market Value
| 06406RBD8 | 96.89 0.43 0.44% |
| Symbol | 06406RBD8 |
Please note, there is a significant difference between 06406RBD8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 06406RBD8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 06406RBD8'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.
06406RBD8 '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 06406RBD8'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 06406RBD8.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in 06406RBD8 on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding BK 385 26 APR 29 or generate 0.0% return on investment in 06406RBD8 over 30 days. 06406RBD8 is related to or competes with Cementos Pacasmayo, Hurco Companies, Avient Corp, Arq, Hawkins, Ecovyst, and Codexis. More
06406RBD8 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 06406RBD8'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 BK 385 26 APR 29 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.9653 |
06406RBD8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06406RBD8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06406RBD8's standard deviation. In reality, there are many statistical measures that can use 06406RBD8 historical prices to predict the future 06406RBD8's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (1.69) |
BK 385 26 Backtested Returns
BK 385 26 retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the bond had a -0.18% return per unit of price deviation over the last 3 months. 06406RBD8 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 06406RBD8's Coefficient Of Variation of 93571.97, market risk adjusted performance of (1.68), and Standard Deviation of 0.997 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0053, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 06406RBD8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 06406RBD8 is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
BK 385 26 APR 29 has poor reverse predictability. Overlapping area represents the amount of predictability between 06406RBD8 time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 BK 385 26 price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current 06406RBD8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.03 |
BK 385 26 lagged returns against current returns
Autocorrelation, which is 06406RBD8 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 06406RBD8's bond expected returns. We can calculate the autocorrelation of 06406RBD8 returns to help us make a trade decision. For example, suppose you find that 06406RBD8 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 |
06406RBD8 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 06406RBD8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06406RBD8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06406RBD8 bond over time.
Current vs Lagged Prices |
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06406RBD8 Lagged Returns
When evaluating 06406RBD8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06406RBD8 bond have on its future price. 06406RBD8 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, 06406RBD8 autocorrelation shows the relationship between 06406RBD8 bond current value and its past values and can show if there is a momentum factor associated with investing in BK 385 26 APR 29.
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 06406RBD8 Bond
06406RBD8 financial ratios help investors to determine whether 06406RBD8 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 06406RBD8 with respect to the benefits of owning 06406RBD8 security.