DUKE ENERGY IND Market Value
| 26443TAA4 | 76.04 0.17 0.22% |
| Symbol | 26443TAA4 |
26443TAA4 '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 26443TAA4'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 26443TAA4.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in 26443TAA4 on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding DUKE ENERGY IND or generate 0.0% return on investment in 26443TAA4 over 270 days. 26443TAA4 is related to or competes with Cedar Realty, Alvarium Tiedemann, Artisan Partners, NETGEAR, BioNTech, Equinix, and Alchemy Investments. More
26443TAA4 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 26443TAA4'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 IND upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.9 |
26443TAA4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26443TAA4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26443TAA4's standard deviation. In reality, there are many statistical measures that can use 26443TAA4 historical prices to predict the future 26443TAA4's volatility.| Risk Adjusted Performance | 0.0305 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1973 |
DUKE ENERGY IND Backtested Returns
DUKE ENERGY IND secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of price deviation over the last 3 months. DUKE ENERGY IND exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26443TAA4's Standard Deviation of 1.23, mean deviation of 0.9427, and Downside Deviation of 1.28 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 26443TAA4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26443TAA4 is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
DUKE ENERGY IND has very good reverse predictability. Overlapping area represents the amount of predictability between 26443TAA4 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 IND price movement. The serial correlation of -0.66 indicates that around 66.0% of current 26443TAA4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.99 |
DUKE ENERGY IND lagged returns against current returns
Autocorrelation, which is 26443TAA4 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 26443TAA4's bond expected returns. We can calculate the autocorrelation of 26443TAA4 returns to help us make a trade decision. For example, suppose you find that 26443TAA4 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 |
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26443TAA4 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 26443TAA4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26443TAA4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26443TAA4 bond over time.
Current vs Lagged Prices |
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26443TAA4 Lagged Returns
When evaluating 26443TAA4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26443TAA4 bond have on its future price. 26443TAA4 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, 26443TAA4 autocorrelation shows the relationship between 26443TAA4 bond current value and its past values and can show if there is a momentum factor associated with investing in DUKE ENERGY IND.
Regressed Prices |
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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 26443TAA4 Bond
26443TAA4 financial ratios help investors to determine whether 26443TAA4 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 26443TAA4 with respect to the benefits of owning 26443TAA4 security.