CSNABZ 4625 10 JUN 31 Market Value
| 12644VAD0 | 80.18 0.00 0.00% |
| Symbol | CSNABZ |
Please note, there is a significant difference between CSNABZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if CSNABZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CSNABZ'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.
CSNABZ '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 CSNABZ'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 CSNABZ.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CSNABZ on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CSNABZ 4625 10 JUN 31 or generate 0.0% return on investment in CSNABZ over 30 days. CSNABZ is related to or competes with Old Dominion, Yuexiu Transport, First Watch, Westrock Coffee, Norfolk Southern, CAVA Group,, and Dominos Pizza. More
CSNABZ 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 CSNABZ'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 CSNABZ 4625 10 JUN 31 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9493 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.44 |
CSNABZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSNABZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSNABZ's standard deviation. In reality, there are many statistical measures that can use CSNABZ historical prices to predict the future CSNABZ's volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.1286 | |||
| Total Risk Alpha | 0.0083 | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 1.14 |
CSNABZ 4625 10 Backtested Returns
At this point, CSNABZ is very steady. CSNABZ 4625 10 secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the bond had a 0.17% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for CSNABZ 4625 10 JUN 31, which you can use to evaluate the volatility of the entity. Please confirm CSNABZ's risk adjusted performance of 0.1325, and Mean Deviation of 0.6743 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The bond shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CSNABZ's returns are expected to increase less than the market. However, during the bear market, the loss of holding CSNABZ is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
CSNABZ 4625 10 JUN 31 has insignificant predictability. Overlapping area represents the amount of predictability between CSNABZ time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 CSNABZ 4625 10 price movement. The serial correlation of 0.13 indicates that less than 13.0% of current CSNABZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
CSNABZ 4625 10 lagged returns against current returns
Autocorrelation, which is CSNABZ 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 CSNABZ's bond expected returns. We can calculate the autocorrelation of CSNABZ returns to help us make a trade decision. For example, suppose you find that CSNABZ 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 |
CSNABZ 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 CSNABZ bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSNABZ bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSNABZ bond over time.
Current vs Lagged Prices |
| Timeline |
CSNABZ Lagged Returns
When evaluating CSNABZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSNABZ bond have on its future price. CSNABZ 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, CSNABZ autocorrelation shows the relationship between CSNABZ bond current value and its past values and can show if there is a momentum factor associated with investing in CSNABZ 4625 10 JUN 31.
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 CSNABZ Bond
CSNABZ financial ratios help investors to determine whether CSNABZ 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 CSNABZ with respect to the benefits of owning CSNABZ security.