DTE ENERGY 38 Market Value
| 233331AZ0 | 95.42 0.00 0.00% |
| Symbol | 233331AZ0 |
233331AZ0 '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 233331AZ0'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 233331AZ0.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in 233331AZ0 on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding DTE ENERGY 38 or generate 0.0% return on investment in 233331AZ0 over 30 days. 233331AZ0 is related to or competes with Molson Coors, Ispire Technology, Japan Tobacco, Compania Cervecerias, and British Amer. More
233331AZ0 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 233331AZ0'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 DTE ENERGY 38 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.717 |
233331AZ0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 233331AZ0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 233331AZ0's standard deviation. In reality, there are many statistical measures that can use 233331AZ0 historical prices to predict the future 233331AZ0's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4753 |
DTE ENERGY 38 Backtested Returns
DTE ENERGY 38 secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the bond had a -0.22 % return per unit of price deviation over the last 3 months. DTE ENERGY 38 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 233331AZ0's Mean Deviation of 0.3175, standard deviation of 0.4814, and Information Ratio of (0.22) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0313, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 233331AZ0 are expected to decrease at a much lower rate. During the bear market, 233331AZ0 is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
DTE ENERGY 38 has no correlation between past and present. Overlapping area represents the amount of predictability between 233331AZ0 time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DTE ENERGY 38 price movement. The serial correlation of 0.0 indicates that just 0.0% of current 233331AZ0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DTE ENERGY 38 lagged returns against current returns
Autocorrelation, which is 233331AZ0 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 233331AZ0's bond expected returns. We can calculate the autocorrelation of 233331AZ0 returns to help us make a trade decision. For example, suppose you find that 233331AZ0 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 |
233331AZ0 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 233331AZ0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 233331AZ0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 233331AZ0 bond over time.
Current vs Lagged Prices |
| Timeline |
233331AZ0 Lagged Returns
When evaluating 233331AZ0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 233331AZ0 bond have on its future price. 233331AZ0 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, 233331AZ0 autocorrelation shows the relationship between 233331AZ0 bond current value and its past values and can show if there is a momentum factor associated with investing in DTE ENERGY 38.
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 233331AZ0 Bond
233331AZ0 financial ratios help investors to determine whether 233331AZ0 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 233331AZ0 with respect to the benefits of owning 233331AZ0 security.