CABKSM 6208 18 JAN 29 Market Value
| 12803RAA2 | 102.05 1.22 1.18% |
| Symbol | CABKSM |
Please note, there is a significant difference between CABKSM's value and its price as these two are different measures arrived at by different means. Investors typically determine if CABKSM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CABKSM'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.
CABKSM '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 CABKSM'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 CABKSM.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in CABKSM on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding CABKSM 6208 18 JAN 29 or generate 0.0% return on investment in CABKSM over 180 days. CABKSM is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
CABKSM 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 CABKSM'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 CABKSM 6208 18 JAN 29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.3557 |
CABKSM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CABKSM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CABKSM's standard deviation. In reality, there are many statistical measures that can use CABKSM historical prices to predict the future CABKSM's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.3675 |
CABKSM 6208 18 Backtested Returns
CABKSM 6208 18 retains Efficiency (Sharpe Ratio) of -0.2, which signifies that the bond had a -0.2% return per unit of risk over the last 3 months. CABKSM exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CABKSM's variance of 0.4108, and Market Risk Adjusted Performance of 0.3775 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.0794, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CABKSM are expected to decrease at a much lower rate. During the bear market, CABKSM is likely to outperform the market.
Auto-correlation | -0.95 |
Near perfect reversele predictability
CABKSM 6208 18 JAN 29 has near perfect reversele predictability. Overlapping area represents the amount of predictability between CABKSM time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 CABKSM 6208 18 price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current CABKSM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
CABKSM 6208 18 lagged returns against current returns
Autocorrelation, which is CABKSM 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 CABKSM's bond expected returns. We can calculate the autocorrelation of CABKSM returns to help us make a trade decision. For example, suppose you find that CABKSM 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 |
CABKSM 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 CABKSM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CABKSM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CABKSM bond over time.
Current vs Lagged Prices |
| Timeline |
CABKSM Lagged Returns
When evaluating CABKSM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CABKSM bond have on its future price. CABKSM 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, CABKSM autocorrelation shows the relationship between CABKSM bond current value and its past values and can show if there is a momentum factor associated with investing in CABKSM 6208 18 JAN 29.
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 CABKSM Bond
CABKSM financial ratios help investors to determine whether CABKSM 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 CABKSM with respect to the benefits of owning CABKSM security.