BIG RIV STL Market Value
| 08949LAB6 | 100.93 0.07 0.07% |
| Symbol | 08949LAB6 |
08949LAB6 '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 08949LAB6'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 08949LAB6.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in 08949LAB6 on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding BIG RIV STL or generate 0.0% return on investment in 08949LAB6 over 30 days. 08949LAB6 is related to or competes with Kandi Technologies, Tesla, Lincoln Educational, BBB Foods, Bridgford Foods, Weibo Corp, and Grupo Televisa. More
08949LAB6 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 08949LAB6'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 BIG RIV STL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3863 |
08949LAB6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 08949LAB6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 08949LAB6's standard deviation. In reality, there are many statistical measures that can use 08949LAB6 historical prices to predict the future 08949LAB6's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.88) |
BIG RIV STL Backtested Returns
At this point, 08949LAB6 is very steady. BIG RIV STL secures Sharpe Ratio (or Efficiency) of 0.046, which signifies that the bond had a 0.046% return per unit of price deviation over the last 3 months. We have found twenty-two technical indicators for BIG RIV STL, which you can use to evaluate the volatility of the entity. Please confirm 08949LAB6's Variance of 0.7684, mean deviation of 0.3299, and Risk Adjusted Performance of (0.03) to double-check if the risk estimate we provide is consistent with the expected return of 0.008%. The bond shows a Beta (market volatility) of 0.0578, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 08949LAB6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 08949LAB6 is expected to be smaller as well.
Auto-correlation | -0.65 |
Very good reverse predictability
BIG RIV STL has very good reverse predictability. Overlapping area represents the amount of predictability between 08949LAB6 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 BIG RIV STL price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current 08949LAB6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
BIG RIV STL lagged returns against current returns
Autocorrelation, which is 08949LAB6 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 08949LAB6's bond expected returns. We can calculate the autocorrelation of 08949LAB6 returns to help us make a trade decision. For example, suppose you find that 08949LAB6 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 |
08949LAB6 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 08949LAB6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 08949LAB6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 08949LAB6 bond over time.
Current vs Lagged Prices |
| Timeline |
08949LAB6 Lagged Returns
When evaluating 08949LAB6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 08949LAB6 bond have on its future price. 08949LAB6 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, 08949LAB6 autocorrelation shows the relationship between 08949LAB6 bond current value and its past values and can show if there is a momentum factor associated with investing in BIG RIV STL.
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 08949LAB6 Bond
08949LAB6 financial ratios help investors to determine whether 08949LAB6 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 08949LAB6 with respect to the benefits of owning 08949LAB6 security.