US071734AP21 Market Value
| 071734AP2 | 78.78 14.60 15.64% |
| Symbol | 071734AP2 |
Please note, there is a significant difference between 071734AP2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 071734AP2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 071734AP2'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.
071734AP2 '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 071734AP2'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 071734AP2.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in 071734AP2 on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding US071734AP21 or generate 0.0% return on investment in 071734AP2 over 30 days. 071734AP2 is related to or competes with Mosaic, Evertz Technologies, Digi International, Codexis, Hawkins, Air Products, and Sealed Air. More
071734AP2 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 071734AP2'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 US071734AP21 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.08 | |||
| Information Ratio | 0.0083 | |||
| Maximum Drawdown | 58.34 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.21 |
071734AP2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 071734AP2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 071734AP2's standard deviation. In reality, there are many statistical measures that can use 071734AP2 historical prices to predict the future 071734AP2's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.009 | |||
| Treynor Ratio | 0.1414 |
US071734AP21 Backtested Returns
At this point, 071734AP2 is very steady. US071734AP21 retains Efficiency (Sharpe Ratio) of 0.0091, which signifies that the bond had a 0.0091% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for 071734AP2, which you can use to evaluate the volatility of the entity. Please confirm 071734AP2's Coefficient Of Variation of 4049.5, semi deviation of 6.04, and Risk Adjusted Performance of 0.0269 to double-check if the risk estimate we provide is consistent with the expected return of 0.0524%. The bond owns a Beta (Systematic Risk) of 1.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 071734AP2 will likely underperform.
Auto-correlation | -0.12 |
Insignificant reverse predictability
US071734AP21 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 071734AP2 time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 US071734AP21 price movement. The serial correlation of -0.12 indicates that less than 12.0% of current 071734AP2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 76.17 |
US071734AP21 lagged returns against current returns
Autocorrelation, which is 071734AP2 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 071734AP2's bond expected returns. We can calculate the autocorrelation of 071734AP2 returns to help us make a trade decision. For example, suppose you find that 071734AP2 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 |
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071734AP2 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 071734AP2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 071734AP2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 071734AP2 bond over time.
Current vs Lagged Prices |
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071734AP2 Lagged Returns
When evaluating 071734AP2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 071734AP2 bond have on its future price. 071734AP2 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, 071734AP2 autocorrelation shows the relationship between 071734AP2 bond current value and its past values and can show if there is a momentum factor associated with investing in US071734AP21.
Regressed Prices |
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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 071734AP2 Bond
071734AP2 financial ratios help investors to determine whether 071734AP2 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 071734AP2 with respect to the benefits of owning 071734AP2 security.