DUKE ENERGY P Market Value
| 26441CAX3 | 94.92 0.92 0.96% |
| Symbol | 26441CAX3 |
26441CAX3 '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 26441CAX3'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 26441CAX3.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in 26441CAX3 on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding DUKE ENERGY P or generate 0.0% return on investment in 26441CAX3 over 270 days. 26441CAX3 is related to or competes with Hillman Solutions, Timken, Lincoln Electric, Edgewell Personal, Getty Realty, Estee Lauder, and Weyco. More
26441CAX3 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 26441CAX3'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 DUKE ENERGY P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.6159 |
26441CAX3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26441CAX3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26441CAX3's standard deviation. In reality, there are many statistical measures that can use 26441CAX3 historical prices to predict the future 26441CAX3's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.56) |
DUKE ENERGY P Backtested Returns
DUKE ENERGY P secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the bond had a -0.16% return per unit of price deviation over the last 3 months. DUKE ENERGY P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26441CAX3's Standard Deviation of 0.5375, mean deviation of 0.244, and Information Ratio of (0.29) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.06, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 26441CAX3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26441CAX3 is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
DUKE ENERGY P has good reverse predictability. Overlapping area represents the amount of predictability between 26441CAX3 time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 DUKE ENERGY P price movement. The serial correlation of -0.52 indicates that about 52.0% of current 26441CAX3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
DUKE ENERGY P lagged returns against current returns
Autocorrelation, which is 26441CAX3 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 26441CAX3's bond expected returns. We can calculate the autocorrelation of 26441CAX3 returns to help us make a trade decision. For example, suppose you find that 26441CAX3 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 |
26441CAX3 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 26441CAX3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26441CAX3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26441CAX3 bond over time.
Current vs Lagged Prices |
| Timeline |
26441CAX3 Lagged Returns
When evaluating 26441CAX3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26441CAX3 bond have on its future price. 26441CAX3 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, 26441CAX3 autocorrelation shows the relationship between 26441CAX3 bond current value and its past values and can show if there is a momentum factor associated with investing in DUKE ENERGY P.
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 26441CAX3 Bond
26441CAX3 financial ratios help investors to determine whether 26441CAX3 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 26441CAX3 with respect to the benefits of owning 26441CAX3 security.