DOMTAR P 675 Market Value
| 257559AK0 | 54.05 11.52 17.57% |
| Symbol | DOMTAR |
DOMTAR '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 DOMTAR'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 DOMTAR.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in DOMTAR on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding DOMTAR P 675 or generate 0.0% return on investment in DOMTAR over 360 days. DOMTAR is related to or competes with Supercom, Microbot Medical, Merit Medical, Aquestive Therapeutics, Jacobs Solutions, Sandstorm Gold, and Electrovaya Common. More
DOMTAR 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 DOMTAR'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 DOMTAR P 675 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 29.08 | |||
| Value At Risk | (5.28) | |||
| Potential Upside | 5.8 |
DOMTAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DOMTAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DOMTAR's standard deviation. In reality, there are many statistical measures that can use DOMTAR historical prices to predict the future DOMTAR's volatility.| Risk Adjusted Performance | 0.003 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (0.18) |
DOMTAR P 675 Backtested Returns
DOMTAR P 675 secures Sharpe Ratio (or Efficiency) of -0.0364, which denotes the bond had a -0.0364% return per unit of risk over the last 3 months. DOMTAR P 675 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DOMTAR's Standard Deviation of 4.31, coefficient of variation of (14,521), and Mean Deviation of 2.97 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, DOMTAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding DOMTAR is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
DOMTAR P 675 has good predictability. Overlapping area represents the amount of predictability between DOMTAR time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 DOMTAR P 675 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current DOMTAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 22.09 |
DOMTAR P 675 lagged returns against current returns
Autocorrelation, which is DOMTAR 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 DOMTAR's bond expected returns. We can calculate the autocorrelation of DOMTAR returns to help us make a trade decision. For example, suppose you find that DOMTAR 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 |
DOMTAR 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 DOMTAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DOMTAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DOMTAR bond over time.
Current vs Lagged Prices |
| Timeline |
DOMTAR Lagged Returns
When evaluating DOMTAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DOMTAR bond have on its future price. DOMTAR 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, DOMTAR autocorrelation shows the relationship between DOMTAR bond current value and its past values and can show if there is a momentum factor associated with investing in DOMTAR P 675.
Regressed Prices |
| Timeline |
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DOMTAR financial ratios help investors to determine whether DOMTAR 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 DOMTAR with respect to the benefits of owning DOMTAR security.