BOARDWALK PIPELINES LP Market Value
| 096630AF5 | 95.24 3.76 3.80% |
| Symbol | BOARDWALK |
BOARDWALK '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 BOARDWALK'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 BOARDWALK.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in BOARDWALK on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding BOARDWALK PIPELINES LP or generate 0.0% return on investment in BOARDWALK over 450 days. BOARDWALK is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, Chorus Aviation, Warner Bros, German American, and Blackstone. More
BOARDWALK 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 BOARDWALK'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 BOARDWALK PIPELINES LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3349 |
BOARDWALK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOARDWALK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOARDWALK's standard deviation. In reality, there are many statistical measures that can use BOARDWALK historical prices to predict the future BOARDWALK's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 3.93 |
BOARDWALK PIPELINES Backtested Returns
BOARDWALK PIPELINES retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. BOARDWALK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BOARDWALK's market risk adjusted performance of 3.94, and Variance of 0.2775 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0178, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BOARDWALK are expected to decrease at a much lower rate. During the bear market, BOARDWALK is likely to outperform the market.
Auto-correlation | 0.82 |
Very good predictability
BOARDWALK PIPELINES LP has very good predictability. Overlapping area represents the amount of predictability between BOARDWALK time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th 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 BOARDWALK PIPELINES price movement. The serial correlation of 0.82 indicates that around 82.0% of current BOARDWALK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
BOARDWALK PIPELINES lagged returns against current returns
Autocorrelation, which is BOARDWALK 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 BOARDWALK's bond expected returns. We can calculate the autocorrelation of BOARDWALK returns to help us make a trade decision. For example, suppose you find that BOARDWALK 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 |
BOARDWALK 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 BOARDWALK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOARDWALK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOARDWALK bond over time.
Current vs Lagged Prices |
| Timeline |
BOARDWALK Lagged Returns
When evaluating BOARDWALK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOARDWALK bond have on its future price. BOARDWALK 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, BOARDWALK autocorrelation shows the relationship between BOARDWALK bond current value and its past values and can show if there is a momentum factor associated with investing in BOARDWALK PIPELINES LP.
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 BOARDWALK Bond
BOARDWALK financial ratios help investors to determine whether BOARDWALK 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 BOARDWALK with respect to the benefits of owning BOARDWALK security.