CTAS 4 01 MAY 32 Market Value
| 17252MAQ3 | 92.43 4.58 4.72% |
| Symbol | 17252MAQ3 |
Please note, there is a significant difference between 17252MAQ3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 17252MAQ3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 17252MAQ3'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.
17252MAQ3 '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 17252MAQ3'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 17252MAQ3.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in 17252MAQ3 on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding CTAS 4 01 MAY 32 or generate 0.0% return on investment in 17252MAQ3 over 360 days. 17252MAQ3 is related to or competes with Air Transport, Vita Coco, Southwest Airlines, Diageo PLC, Sun Country, Thai Beverage, and SBM Offshore. More
17252MAQ3 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 17252MAQ3'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 CTAS 4 01 MAY 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.76 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.02 |
17252MAQ3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 17252MAQ3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 17252MAQ3's standard deviation. In reality, there are many statistical measures that can use 17252MAQ3 historical prices to predict the future 17252MAQ3's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.70) |
CTAS 4 01 Backtested Returns
CTAS 4 01 retains Efficiency (Sharpe Ratio) of -0.1, which signifies that the bond had a -0.1% return per unit of price deviation over the last 3 months. 17252MAQ3 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 17252MAQ3's Information Ratio of (0.21), variance of 1.02, and Market Risk Adjusted Performance of (0.69) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 17252MAQ3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 17252MAQ3 is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
CTAS 4 01 MAY 32 has modest reverse predictability. Overlapping area represents the amount of predictability between 17252MAQ3 time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 CTAS 4 01 price movement. The serial correlation of -0.43 indicates that just about 43.0% of current 17252MAQ3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
CTAS 4 01 lagged returns against current returns
Autocorrelation, which is 17252MAQ3 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 17252MAQ3's bond expected returns. We can calculate the autocorrelation of 17252MAQ3 returns to help us make a trade decision. For example, suppose you find that 17252MAQ3 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 |
17252MAQ3 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 17252MAQ3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 17252MAQ3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 17252MAQ3 bond over time.
Current vs Lagged Prices |
| Timeline |
17252MAQ3 Lagged Returns
When evaluating 17252MAQ3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 17252MAQ3 bond have on its future price. 17252MAQ3 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, 17252MAQ3 autocorrelation shows the relationship between 17252MAQ3 bond current value and its past values and can show if there is a momentum factor associated with investing in CTAS 4 01 MAY 32.
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 17252MAQ3 Bond
17252MAQ3 financial ratios help investors to determine whether 17252MAQ3 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 17252MAQ3 with respect to the benefits of owning 17252MAQ3 security.