US09247XAQ43 Market Value
| 09247XAQ4 | 84.96 3.78 4.26% |
| Symbol | 09247XAQ4 |
Please note, there is a significant difference between 09247XAQ4's value and its price as these two are different measures arrived at by different means. Investors typically determine if 09247XAQ4 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 09247XAQ4'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.
09247XAQ4 '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 09247XAQ4'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 09247XAQ4.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 09247XAQ4 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding US09247XAQ43 or generate 0.0% return on investment in 09247XAQ4 over 30 days. 09247XAQ4 is related to or competes with Celsius Holdings, Monster Beverage, Hooker Furniture, Coca Cola, PepsiCo, and MI Homes. More
09247XAQ4 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 09247XAQ4'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 US09247XAQ43 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.98 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.36 |
09247XAQ4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 09247XAQ4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 09247XAQ4's standard deviation. In reality, there are many statistical measures that can use 09247XAQ4 historical prices to predict the future 09247XAQ4's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 10.08 |
US09247XAQ43 Backtested Returns
US09247XAQ43 retains Efficiency (Sharpe Ratio) of -0.0441, which signifies that the bond had a -0.0441% return per unit of price deviation over the last 3 months. 09247XAQ4 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 09247XAQ4's Coefficient Of Variation of (2,140), variance of 3.86, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0101, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 09247XAQ4 are expected to decrease at a much lower rate. During the bear market, 09247XAQ4 is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
US09247XAQ43 has good predictability. Overlapping area represents the amount of predictability between 09247XAQ4 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 US09247XAQ43 price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current 09247XAQ4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
US09247XAQ43 lagged returns against current returns
Autocorrelation, which is 09247XAQ4 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 09247XAQ4's bond expected returns. We can calculate the autocorrelation of 09247XAQ4 returns to help us make a trade decision. For example, suppose you find that 09247XAQ4 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 |
09247XAQ4 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 09247XAQ4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 09247XAQ4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 09247XAQ4 bond over time.
Current vs Lagged Prices |
| Timeline |
09247XAQ4 Lagged Returns
When evaluating 09247XAQ4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 09247XAQ4 bond have on its future price. 09247XAQ4 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, 09247XAQ4 autocorrelation shows the relationship between 09247XAQ4 bond current value and its past values and can show if there is a momentum factor associated with investing in US09247XAQ43.
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 09247XAQ4 Bond
09247XAQ4 financial ratios help investors to determine whether 09247XAQ4 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 09247XAQ4 with respect to the benefits of owning 09247XAQ4 security.