CHARTER MUNICATIONS OPERATING Market Value
| 161175BX1 | 76.74 3.02 3.79% |
| Symbol | CHARTER |
CHARTER '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 CHARTER'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 CHARTER.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in CHARTER on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding CHARTER MUNICATIONS OPERATING or generate 0.0% return on investment in CHARTER over 360 days. CHARTER is related to or competes with Bel Fuse, NL Industries, Plexus Corp, Analog Devices, Emerson Radio, Amkor Technology, and Flex. More
CHARTER 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 CHARTER'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 CHARTER MUNICATIONS OPERATING upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.6815 |
CHARTER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHARTER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHARTER's standard deviation. In reality, there are many statistical measures that can use CHARTER historical prices to predict the future CHARTER's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (4.43) |
CHARTER MUNICATIONS Backtested Returns
CHARTER MUNICATIONS retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. CHARTER exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHARTER's variance of 1.07, and Market Risk Adjusted Performance of (4.42) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0174, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHARTER's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHARTER is expected to be smaller as well.
Auto-correlation | -0.55 |
Good reverse predictability
CHARTER MUNICATIONS OPERATING has good reverse predictability. Overlapping area represents the amount of predictability between CHARTER time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 CHARTER MUNICATIONS price movement. The serial correlation of -0.55 indicates that about 55.0% of current CHARTER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
CHARTER MUNICATIONS lagged returns against current returns
Autocorrelation, which is CHARTER 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 CHARTER's bond expected returns. We can calculate the autocorrelation of CHARTER returns to help us make a trade decision. For example, suppose you find that CHARTER 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 |
CHARTER 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 CHARTER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHARTER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHARTER bond over time.
Current vs Lagged Prices |
| Timeline |
CHARTER Lagged Returns
When evaluating CHARTER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHARTER bond have on its future price. CHARTER 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, CHARTER autocorrelation shows the relationship between CHARTER bond current value and its past values and can show if there is a momentum factor associated with investing in CHARTER MUNICATIONS OPERATING.
Regressed Prices |
| Timeline |
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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 CHARTER Bond
CHARTER financial ratios help investors to determine whether CHARTER 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 CHARTER with respect to the benefits of owning CHARTER security.