BANK OF NOVA Market Value
| 064159QE9 | 93.78 2.95 3.05% |
| Symbol | 064159QE9 |
064159QE9 '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 064159QE9'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 064159QE9.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in 064159QE9 on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding BANK OF NOVA or generate 0.0% return on investment in 064159QE9 over 480 days. 064159QE9 is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
064159QE9 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 064159QE9'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 OF NOVA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.275 |
064159QE9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 064159QE9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 064159QE9's standard deviation. In reality, there are many statistical measures that can use 064159QE9 historical prices to predict the future 064159QE9's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.2425 |
BANK OF NOVA Backtested Returns
BANK OF NOVA secures Sharpe Ratio (or Efficiency) of -0.0313, which signifies that the bond had a -0.0313% return per unit of price deviation over the last 3 months. BANK OF NOVA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 064159QE9's Variance of 1.04, information ratio of (0.17), and Mean Deviation of 0.3731 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 064159QE9 are expected to decrease at a much lower rate. During the bear market, 064159QE9 is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
BANK OF NOVA has very good predictability. Overlapping area represents the amount of predictability between 064159QE9 time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 OF NOVA price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current 064159QE9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
BANK OF NOVA lagged returns against current returns
Autocorrelation, which is 064159QE9 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 064159QE9's bond expected returns. We can calculate the autocorrelation of 064159QE9 returns to help us make a trade decision. For example, suppose you find that 064159QE9 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 |
064159QE9 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 064159QE9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 064159QE9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 064159QE9 bond over time.
Current vs Lagged Prices |
| Timeline |
064159QE9 Lagged Returns
When evaluating 064159QE9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 064159QE9 bond have on its future price. 064159QE9 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, 064159QE9 autocorrelation shows the relationship between 064159QE9 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK OF NOVA.
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 064159QE9 Bond
064159QE9 financial ratios help investors to determine whether 064159QE9 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 064159QE9 with respect to the benefits of owning 064159QE9 security.