BCECN 365 17 MAR 51 Market Value
| 0778FPAF6 | 67.08 0.00 0.00% |
| Symbol | BCECN |
Please note, there is a significant difference between BCECN's value and its price as these two are different measures arrived at by different means. Investors typically determine if BCECN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BCECN'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.
BCECN '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 BCECN'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 BCECN.
| 06/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in BCECN on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding BCECN 365 17 MAR 51 or generate 0.0% return on investment in BCECN over 540 days. BCECN is related to or competes with Thor Industries, Cars, Marine Products, Celsius Holdings, National Beverage, WT Offshore, and Dana. More
BCECN 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 BCECN'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 BCECN 365 17 MAR 51 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.15 |
BCECN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BCECN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BCECN's standard deviation. In reality, there are many statistical measures that can use BCECN historical prices to predict the future BCECN's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.69) |
BCECN 365 17 Backtested Returns
BCECN 365 17 secures Sharpe Ratio (or Efficiency) of -0.0104, which signifies that the bond had a -0.0104% return per unit of risk over the last 3 months. BCECN 365 17 MAR 51 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BCECN's variance of 3.44, and Mean Deviation of 1.15 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BCECN's returns are expected to increase less than the market. However, during the bear market, the loss of holding BCECN is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
BCECN 365 17 MAR 51 has modest predictability. Overlapping area represents the amount of predictability between BCECN time series from 20th of June 2023 to 16th of March 2024 and 16th of March 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 BCECN 365 17 price movement. The serial correlation of 0.51 indicates that about 51.0% of current BCECN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 3.4 |
BCECN 365 17 lagged returns against current returns
Autocorrelation, which is BCECN 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 BCECN's bond expected returns. We can calculate the autocorrelation of BCECN returns to help us make a trade decision. For example, suppose you find that BCECN 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 |
BCECN 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 BCECN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BCECN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BCECN bond over time.
Current vs Lagged Prices |
| Timeline |
BCECN Lagged Returns
When evaluating BCECN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BCECN bond have on its future price. BCECN 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, BCECN autocorrelation shows the relationship between BCECN bond current value and its past values and can show if there is a momentum factor associated with investing in BCECN 365 17 MAR 51.
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 BCECN Bond
BCECN financial ratios help investors to determine whether BCECN 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 BCECN with respect to the benefits of owning BCECN security.