DCP Midstream Operating Market Value
| 26439XAC7 | 110.86 4.22 3.67% |
| Symbol | 26439XAC7 |
26439XAC7 '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 26439XAC7'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 26439XAC7.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in 26439XAC7 on October 31, 2024 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 26439XAC7 over 30 days. 26439XAC7 is related to or competes with Air Transport, Cracker Barrel, Dominos Pizza, First Watch, Compania Cervecerias, Aegean Airlines, and SNDL. More
26439XAC7 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 26439XAC7'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 | (0.33) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 0.6789 |
26439XAC7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26439XAC7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26439XAC7's standard deviation. In reality, there are many statistical measures that can use 26439XAC7 historical prices to predict the future 26439XAC7's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.62) |
DCP Midstream Operating Backtested Returns
DCP Midstream Operating secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. DCP Midstream Operating exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26439XAC7's Standard Deviation of 0.647, variance of 0.4186, and Mean Deviation of 0.4434 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 26439XAC7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26439XAC7 is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
DCP Midstream Operating has average predictability. Overlapping area represents the amount of predictability between 26439XAC7 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 0.46 indicates that about 46.0% of current 26439XAC7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
DCP Midstream Operating lagged returns against current returns
Autocorrelation, which is 26439XAC7 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 26439XAC7's bond expected returns. We can calculate the autocorrelation of 26439XAC7 returns to help us make a trade decision. For example, suppose you find that 26439XAC7 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 |
26439XAC7 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 26439XAC7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26439XAC7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26439XAC7 bond over time.
Current vs Lagged Prices |
| Timeline |
26439XAC7 Lagged Returns
When evaluating 26439XAC7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26439XAC7 bond have on its future price. 26439XAC7 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, 26439XAC7 autocorrelation shows the relationship between 26439XAC7 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 26439XAC7 Bond
26439XAC7 financial ratios help investors to determine whether 26439XAC7 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 26439XAC7 with respect to the benefits of owning 26439XAC7 security.