DCP Midstream Operating Market Value
| 23311VAH0 | 95.37 4.96 4.94% |
| Symbol | 23311VAH0 |
23311VAH0 '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 23311VAH0'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 23311VAH0.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in 23311VAH0 on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding DCP Midstream Operating or generate 0.0% return on investment in 23311VAH0 over 690 days. 23311VAH0 is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
23311VAH0 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 23311VAH0'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 DCP Midstream Operating upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.72 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.5497 |
23311VAH0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 23311VAH0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 23311VAH0's standard deviation. In reality, there are many statistical measures that can use 23311VAH0 historical prices to predict the future 23311VAH0's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.2449 |
DCP Midstream Operating Backtested Returns
DCP Midstream Operating secures Sharpe Ratio (or Efficiency) of -0.0774, which signifies that the bond had a -0.0774% return per unit of risk over the last 3 months. DCP Midstream Operating exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 23311VAH0's Mean Deviation of 0.4888, standard deviation of 1.19, and Variance of 1.41 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 23311VAH0 are expected to decrease at a much lower rate. During the bear market, 23311VAH0 is likely to outperform the market.
Auto-correlation | -0.56 |
Good reverse predictability
DCP Midstream Operating has good reverse predictability. Overlapping area represents the amount of predictability between 23311VAH0 time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 DCP Midstream Operating price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current 23311VAH0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
DCP Midstream Operating lagged returns against current returns
Autocorrelation, which is 23311VAH0 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 23311VAH0's bond expected returns. We can calculate the autocorrelation of 23311VAH0 returns to help us make a trade decision. For example, suppose you find that 23311VAH0 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 |
23311VAH0 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 23311VAH0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 23311VAH0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 23311VAH0 bond over time.
Current vs Lagged Prices |
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23311VAH0 Lagged Returns
When evaluating 23311VAH0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 23311VAH0 bond have on its future price. 23311VAH0 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, 23311VAH0 autocorrelation shows the relationship between 23311VAH0 bond current value and its past values and can show if there is a momentum factor associated with investing in DCP Midstream Operating.
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 23311VAH0 Bond
23311VAH0 financial ratios help investors to determine whether 23311VAH0 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 23311VAH0 with respect to the benefits of owning 23311VAH0 security.