DIAMONDBACK ENERGY INC Market Value
| 25278XAM1 | 93.92 3.36 3.45% |
| Symbol | DIAMONDBACK |
DIAMONDBACK '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 DIAMONDBACK'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 DIAMONDBACK.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in DIAMONDBACK on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding DIAMONDBACK ENERGY INC or generate 0.0% return on investment in DIAMONDBACK over 30 days. DIAMONDBACK is related to or competes with RCI Hospitality, Amkor Technology, Flex, Dominos Pizza, Cheesecake Factory, Dennys Corp, and Iridium Communications. More
DIAMONDBACK 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 DIAMONDBACK'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 DIAMONDBACK ENERGY INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.4141 |
DIAMONDBACK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DIAMONDBACK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DIAMONDBACK's standard deviation. In reality, there are many statistical measures that can use DIAMONDBACK historical prices to predict the future DIAMONDBACK's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.94) |
DIAMONDBACK ENERGY INC Backtested Returns
DIAMONDBACK ENERGY INC retains Efficiency (Sharpe Ratio) of -0.13, which denotes the bond had a -0.13% return per unit of risk over the last 3 months. DIAMONDBACK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DIAMONDBACK's Market Risk Adjusted Performance of (0.93), standard deviation of 0.5384, and Variance of 0.2899 to check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0643, which means not very significant fluctuations relative to the market. As returns on the market increase, DIAMONDBACK's returns are expected to increase less than the market. However, during the bear market, the loss of holding DIAMONDBACK is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
DIAMONDBACK ENERGY INC has insignificant predictability. Overlapping area represents the amount of predictability between DIAMONDBACK time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 DIAMONDBACK ENERGY INC price movement. The serial correlation of 0.11 indicates that less than 11.0% of current DIAMONDBACK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
DIAMONDBACK ENERGY INC lagged returns against current returns
Autocorrelation, which is DIAMONDBACK 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 DIAMONDBACK's bond expected returns. We can calculate the autocorrelation of DIAMONDBACK returns to help us make a trade decision. For example, suppose you find that DIAMONDBACK 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 |
DIAMONDBACK 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 DIAMONDBACK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DIAMONDBACK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DIAMONDBACK bond over time.
Current vs Lagged Prices |
| Timeline |
DIAMONDBACK Lagged Returns
When evaluating DIAMONDBACK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DIAMONDBACK bond have on its future price. DIAMONDBACK 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, DIAMONDBACK autocorrelation shows the relationship between DIAMONDBACK bond current value and its past values and can show if there is a momentum factor associated with investing in DIAMONDBACK ENERGY INC.
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 DIAMONDBACK Bond
DIAMONDBACK financial ratios help investors to determine whether DIAMONDBACK 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 DIAMONDBACK with respect to the benefits of owning DIAMONDBACK security.