CONSUMERS ENERGY 325 Market Value
| 210518CZ7 | 70.41 5.54 7.29% |
| Symbol | CONSUMERS |
CONSUMERS '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 CONSUMERS'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 CONSUMERS.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in CONSUMERS on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding CONSUMERS ENERGY 325 or generate 0.0% return on investment in CONSUMERS over 540 days. CONSUMERS is related to or competes with Tesla, Titan Machinery, Sable Offshore, Jutal Offshore, American Axle, Sea, and Getty Realty. More
CONSUMERS 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 CONSUMERS'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 CONSUMERS ENERGY 325 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.85 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.56 |
CONSUMERS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONSUMERS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONSUMERS's standard deviation. In reality, there are many statistical measures that can use CONSUMERS historical prices to predict the future CONSUMERS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (2.99) |
CONSUMERS ENERGY 325 Backtested Returns
CONSUMERS ENERGY 325 secures Sharpe Ratio (or Efficiency) of -0.0517, which signifies that the bond had a -0.0517% return per unit of risk over the last 3 months. CONSUMERS ENERGY 325 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONSUMERS's risk adjusted performance of (0.03), and Mean Deviation of 1.12 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0365, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CONSUMERS's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONSUMERS is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
CONSUMERS ENERGY 325 has virtually no predictability. Overlapping area represents the amount of predictability between CONSUMERS time series from 10th of June 2023 to 6th of March 2024 and 6th of March 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 CONSUMERS ENERGY 325 price movement. The serial correlation of 0.08 indicates that barely 8.0% of current CONSUMERS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.93 |
CONSUMERS ENERGY 325 lagged returns against current returns
Autocorrelation, which is CONSUMERS 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 CONSUMERS's bond expected returns. We can calculate the autocorrelation of CONSUMERS returns to help us make a trade decision. For example, suppose you find that CONSUMERS 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 |
CONSUMERS 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 CONSUMERS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONSUMERS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONSUMERS bond over time.
Current vs Lagged Prices |
| Timeline |
CONSUMERS Lagged Returns
When evaluating CONSUMERS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONSUMERS bond have on its future price. CONSUMERS 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, CONSUMERS autocorrelation shows the relationship between CONSUMERS bond current value and its past values and can show if there is a momentum factor associated with investing in CONSUMERS ENERGY 325.
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 CONSUMERS Bond
CONSUMERS financial ratios help investors to determine whether CONSUMERS 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 CONSUMERS with respect to the benefits of owning CONSUMERS security.