DUKE ENERGY CAROLINAS Market Value
| 26442CAZ7 | 68.65 0.32 0.47% |
| Symbol | 26442CAZ7 |
26442CAZ7 '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 26442CAZ7'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 26442CAZ7.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 26442CAZ7 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding DUKE ENERGY CAROLINAS or generate 0.0% return on investment in 26442CAZ7 over 30 days. 26442CAZ7 is related to or competes with Coca Cola, Nordic Semiconductor, Boston Beer, Ambev SA, MACOM Technology, IPG Photonics, and Celsius Holdings. More
26442CAZ7 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 26442CAZ7'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 CAROLINAS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.12 |
26442CAZ7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26442CAZ7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26442CAZ7's standard deviation. In reality, there are many statistical measures that can use 26442CAZ7 historical prices to predict the future 26442CAZ7's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.14) |
DUKE ENERGY CAROLINAS Backtested Returns
DUKE ENERGY CAROLINAS secures Sharpe Ratio (or Efficiency) of -0.0396, which signifies that the bond had a -0.0396% return per unit of price deviation over the last 3 months. DUKE ENERGY CAROLINAS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26442CAZ7's Standard Deviation of 1.64, information ratio of (0.1), and Mean Deviation of 0.9808 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 26442CAZ7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26442CAZ7 is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
DUKE ENERGY CAROLINAS has very weak reverse predictability. Overlapping area represents the amount of predictability between 26442CAZ7 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 CAROLINAS price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current 26442CAZ7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
DUKE ENERGY CAROLINAS lagged returns against current returns
Autocorrelation, which is 26442CAZ7 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 26442CAZ7's bond expected returns. We can calculate the autocorrelation of 26442CAZ7 returns to help us make a trade decision. For example, suppose you find that 26442CAZ7 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 |
26442CAZ7 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 26442CAZ7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26442CAZ7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26442CAZ7 bond over time.
Current vs Lagged Prices |
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26442CAZ7 Lagged Returns
When evaluating 26442CAZ7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26442CAZ7 bond have on its future price. 26442CAZ7 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, 26442CAZ7 autocorrelation shows the relationship between 26442CAZ7 bond current value and its past values and can show if there is a momentum factor associated with investing in DUKE ENERGY CAROLINAS.
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 26442CAZ7 Bond
26442CAZ7 financial ratios help investors to determine whether 26442CAZ7 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 26442CAZ7 with respect to the benefits of owning 26442CAZ7 security.