CELARA 3875 02 NOV 27 Market Value
| 151191BB8 | 93.55 2.41 2.51% |
| Symbol | CELARA |
Please note, there is a significant difference between CELARA's value and its price as these two are different measures arrived at by different means. Investors typically determine if CELARA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CELARA'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.
CELARA '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 CELARA'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 CELARA.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in CELARA on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding CELARA 3875 02 NOV 27 or generate 0.0% return on investment in CELARA over 720 days. CELARA is related to or competes with Avient Corp, Keurig Dr, Coca Cola, Air Products, X-FAB Silicon, Sealed Air, and Chemours. More
CELARA 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 CELARA'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 CELARA 3875 02 NOV 27 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.5551 |
CELARA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CELARA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CELARA's standard deviation. In reality, there are many statistical measures that can use CELARA historical prices to predict the future CELARA's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.22) |
CELARA 3875 02 Backtested Returns
CELARA 3875 02 secures Sharpe Ratio (or Efficiency) of -0.0101, which signifies that the bond had a -0.0101% return per unit of return volatility over the last 3 months. CELARA 3875 02 NOV 27 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CELARA's Coefficient Of Variation of (15,181), mean deviation of 0.4554, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0728, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CELARA's returns are expected to increase less than the market. However, during the bear market, the loss of holding CELARA is expected to be smaller as well.
Auto-correlation | -0.59 |
Good reverse predictability
CELARA 3875 02 NOV 27 has good reverse predictability. Overlapping area represents the amount of predictability between CELARA time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 CELARA 3875 02 price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current CELARA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.73 |
CELARA 3875 02 lagged returns against current returns
Autocorrelation, which is CELARA 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 CELARA's bond expected returns. We can calculate the autocorrelation of CELARA returns to help us make a trade decision. For example, suppose you find that CELARA 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 |
CELARA 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 CELARA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CELARA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CELARA bond over time.
Current vs Lagged Prices |
| Timeline |
CELARA Lagged Returns
When evaluating CELARA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CELARA bond have on its future price. CELARA 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, CELARA autocorrelation shows the relationship between CELARA bond current value and its past values and can show if there is a momentum factor associated with investing in CELARA 3875 02 NOV 27.
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 CELARA Bond
CELARA financial ratios help investors to determine whether CELARA 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 CELARA with respect to the benefits of owning CELARA security.