CONNECTICUT LT PWR Market Value
| 207597EH4 | 84.34 0.85 1.02% |
| Symbol | 207597EH4 |
207597EH4 '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 207597EH4'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 207597EH4.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in 207597EH4 on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding CONNECTICUT LT PWR or generate 0.0% return on investment in 207597EH4 over 390 days. 207597EH4 is related to or competes with NetEase, Boot Barn, Duluth Holdings, Playtika Holding, Tandy Leather, The9, and PVH Corp. More
207597EH4 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 207597EH4'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 CONNECTICUT LT PWR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.0 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 2.48 |
207597EH4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 207597EH4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 207597EH4's standard deviation. In reality, there are many statistical measures that can use 207597EH4 historical prices to predict the future 207597EH4's volatility.| Risk Adjusted Performance | 0.0082 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
CONNECTICUT LT PWR Backtested Returns
At this point, 207597EH4 is very steady. CONNECTICUT LT PWR secures Sharpe Ratio (or Efficiency) of 0.0072, which signifies that the bond had a 0.0072% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CONNECTICUT LT PWR, which you can use to evaluate the volatility of the entity. Please confirm 207597EH4's Risk Adjusted Performance of 0.0082, mean deviation of 1.16, and Coefficient Of Variation of 23868.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.0097%. The bond shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 207597EH4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 207597EH4 is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
CONNECTICUT LT PWR has insignificant predictability. Overlapping area represents the amount of predictability between 207597EH4 time series from 31st of October 2023 to 13th of May 2024 and 13th 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 CONNECTICUT LT PWR price movement. The serial correlation of 0.13 indicates that less than 13.0% of current 207597EH4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.34 |
CONNECTICUT LT PWR lagged returns against current returns
Autocorrelation, which is 207597EH4 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 207597EH4's bond expected returns. We can calculate the autocorrelation of 207597EH4 returns to help us make a trade decision. For example, suppose you find that 207597EH4 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 |
207597EH4 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 207597EH4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 207597EH4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 207597EH4 bond over time.
Current vs Lagged Prices |
| Timeline |
207597EH4 Lagged Returns
When evaluating 207597EH4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 207597EH4 bond have on its future price. 207597EH4 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, 207597EH4 autocorrelation shows the relationship between 207597EH4 bond current value and its past values and can show if there is a momentum factor associated with investing in CONNECTICUT LT PWR.
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 207597EH4 Bond
207597EH4 financial ratios help investors to determine whether 207597EH4 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 207597EH4 with respect to the benefits of owning 207597EH4 security.