BZLNZ 2 21 FEB 25 Market Value
| 06407EAB1 | 99.23 0.00 0.00% |
| Symbol | BZLNZ |
Please note, there is a significant difference between BZLNZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if BZLNZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BZLNZ'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.
BZLNZ '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 BZLNZ'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 BZLNZ.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in BZLNZ on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding BZLNZ 2 21 FEB 25 or generate 0.0% return on investment in BZLNZ over 30 days. BZLNZ is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
BZLNZ 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 BZLNZ'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 BZLNZ 2 21 FEB 25 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.391 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2693 |
BZLNZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BZLNZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BZLNZ's standard deviation. In reality, there are many statistical measures that can use BZLNZ historical prices to predict the future BZLNZ's volatility.| Risk Adjusted Performance | 0.0321 | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | (0.15) |
BZLNZ 2 21 Backtested Returns
BZLNZ 2 21 secures Sharpe Ratio (or Efficiency) of -0.0682, which signifies that the bond had a -0.0682% return per unit of return volatility over the last 3 months. BZLNZ 2 21 FEB 25 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BZLNZ's Risk Adjusted Performance of 0.0321, semi deviation of 0.3322, and Mean Deviation of 0.1427 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0544, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BZLNZ are expected to decrease at a much lower rate. During the bear market, BZLNZ is likely to outperform the market.
Auto-correlation | 0.68 |
Good predictability
BZLNZ 2 21 FEB 25 has good predictability. Overlapping area represents the amount of predictability between BZLNZ time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 BZLNZ 2 21 price movement. The serial correlation of 0.68 indicates that around 68.0% of current BZLNZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
BZLNZ 2 21 lagged returns against current returns
Autocorrelation, which is BZLNZ 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 BZLNZ's bond expected returns. We can calculate the autocorrelation of BZLNZ returns to help us make a trade decision. For example, suppose you find that BZLNZ 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 |
BZLNZ 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 BZLNZ bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BZLNZ bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BZLNZ bond over time.
Current vs Lagged Prices |
| Timeline |
BZLNZ Lagged Returns
When evaluating BZLNZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BZLNZ bond have on its future price. BZLNZ 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, BZLNZ autocorrelation shows the relationship between BZLNZ bond current value and its past values and can show if there is a momentum factor associated with investing in BZLNZ 2 21 FEB 25.
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 BZLNZ Bond
BZLNZ financial ratios help investors to determine whether BZLNZ 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 BZLNZ with respect to the benefits of owning BZLNZ security.