CHCOCH 2742 31 DEC 39 Market Value
| 16412XAL9 | 80.36 0.95 1.17% |
| Symbol | CHCOCH |
Please note, there is a significant difference between CHCOCH's value and its price as these two are different measures arrived at by different means. Investors typically determine if CHCOCH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHCOCH'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.
CHCOCH '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 CHCOCH'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 CHCOCH.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in CHCOCH on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding CHCOCH 2742 31 DEC 39 or generate 0.0% return on investment in CHCOCH over 690 days. CHCOCH is related to or competes with Bill, Asure Software, Pearson PLC, Udemy, ServiceNow, Skillful Craftsman, and WEBTOON Entertainment. More
CHCOCH 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 CHCOCH'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 CHCOCH 2742 31 DEC 39 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.43 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.17 |
CHCOCH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHCOCH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHCOCH's standard deviation. In reality, there are many statistical measures that can use CHCOCH historical prices to predict the future CHCOCH's volatility.| Risk Adjusted Performance | 0.0047 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.06) |
CHCOCH 2742 31 Backtested Returns
CHCOCH 2742 31 retains Efficiency (Sharpe Ratio) of -0.0672, which signifies that the bond had a -0.0672% return per unit of risk over the last 3 months. CHCOCH exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHCOCH's variance of 4.15, and Market Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHCOCH's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHCOCH is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
CHCOCH 2742 31 DEC 39 has good reverse predictability. Overlapping area represents the amount of predictability between CHCOCH time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 CHCOCH 2742 31 price movement. The serial correlation of -0.52 indicates that about 52.0% of current CHCOCH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
CHCOCH 2742 31 lagged returns against current returns
Autocorrelation, which is CHCOCH 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 CHCOCH's bond expected returns. We can calculate the autocorrelation of CHCOCH returns to help us make a trade decision. For example, suppose you find that CHCOCH 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 |
CHCOCH 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 CHCOCH bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHCOCH bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHCOCH bond over time.
Current vs Lagged Prices |
| Timeline |
CHCOCH Lagged Returns
When evaluating CHCOCH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHCOCH bond have on its future price. CHCOCH 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, CHCOCH autocorrelation shows the relationship between CHCOCH bond current value and its past values and can show if there is a momentum factor associated with investing in CHCOCH 2742 31 DEC 39.
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 CHCOCH Bond
CHCOCH financial ratios help investors to determine whether CHCOCH 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 CHCOCH with respect to the benefits of owning CHCOCH security.