EQM Midstream Partners Market Value
| 26885BAH3 | 102.53 0.29 0.28% |
| Symbol | 26885BAH3 |
26885BAH3 '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 26885BAH3'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 26885BAH3.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in 26885BAH3 on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding EQM Midstream Partners or generate 0.0% return on investment in 26885BAH3 over 510 days. 26885BAH3 is related to or competes with BioNTech, Alvotech, Boston Properties, United Homes, Xponential Fitness, Hudson Pacific, and Neogen. More
26885BAH3 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 26885BAH3'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 EQM Midstream Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 0.3717 |
26885BAH3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26885BAH3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26885BAH3's standard deviation. In reality, there are many statistical measures that can use 26885BAH3 historical prices to predict the future 26885BAH3's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.94) |
EQM Midstream Partners Backtested Returns
At this point, 26885BAH3 is very steady. EQM Midstream Partners secures Sharpe Ratio (or Efficiency) of 0.0181, which signifies that the bond had a 0.0181% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for EQM Midstream Partners, which you can use to evaluate the volatility of the entity. Please confirm 26885BAH3's Mean Deviation of 0.4819, information ratio of (0.14), and Standard Deviation of 1.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.0035%. The bond shows a Beta (market volatility) of 0.0659, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 26885BAH3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 26885BAH3 is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
EQM Midstream Partners has below average predictability. Overlapping area represents the amount of predictability between 26885BAH3 time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 EQM Midstream Partners price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current 26885BAH3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
EQM Midstream Partners lagged returns against current returns
Autocorrelation, which is 26885BAH3 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 26885BAH3's bond expected returns. We can calculate the autocorrelation of 26885BAH3 returns to help us make a trade decision. For example, suppose you find that 26885BAH3 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 |
26885BAH3 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 26885BAH3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26885BAH3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26885BAH3 bond over time.
Current vs Lagged Prices |
| Timeline |
26885BAH3 Lagged Returns
When evaluating 26885BAH3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26885BAH3 bond have on its future price. 26885BAH3 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, 26885BAH3 autocorrelation shows the relationship between 26885BAH3 bond current value and its past values and can show if there is a momentum factor associated with investing in EQM Midstream Partners.
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 26885BAH3 Bond
26885BAH3 financial ratios help investors to determine whether 26885BAH3 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 26885BAH3 with respect to the benefits of owning 26885BAH3 security.