Ecopetrol SA 4625 Market Value
| 279158AP4 | 74.54 10.94 12.80% |
| Symbol | 279158AP4 |
Please note, there is a significant difference between 279158AP4's value and its price as these two are different measures arrived at by different means. Investors typically determine if 279158AP4 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 279158AP4's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
279158AP4 '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 279158AP4'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 279158AP4.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in 279158AP4 on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopetrol SA 4625 or generate 0.0% return on investment in 279158AP4 over 270 days. 279158AP4 is related to or competes with Nextplat Corp, Vera Bradley, Qualys, Burlington Stores, Steven Madden, and Ross Stores. More
279158AP4 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 279158AP4'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 Ecopetrol SA 4625 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.25 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 3.19 |
279158AP4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 279158AP4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 279158AP4's standard deviation. In reality, there are many statistical measures that can use 279158AP4 historical prices to predict the future 279158AP4's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 3.93 |
Ecopetrol SA 4625 Backtested Returns
Ecopetrol SA 4625 secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of standard deviation over the last 3 months. Ecopetrol SA 4625 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 279158AP4's Coefficient Of Variation of (1,731), standard deviation of 2.53, and Mean Deviation of 1.34 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0397, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 279158AP4 are expected to decrease at a much lower rate. During the bear market, 279158AP4 is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
Ecopetrol SA 4625 has weak reverse predictability. Overlapping area represents the amount of predictability between 279158AP4 time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Ecopetrol SA 4625 price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current 279158AP4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.96 |
Ecopetrol SA 4625 lagged returns against current returns
Autocorrelation, which is 279158AP4 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 279158AP4's bond expected returns. We can calculate the autocorrelation of 279158AP4 returns to help us make a trade decision. For example, suppose you find that 279158AP4 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 |
279158AP4 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 279158AP4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 279158AP4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 279158AP4 bond over time.
Current vs Lagged Prices |
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279158AP4 Lagged Returns
When evaluating 279158AP4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 279158AP4 bond have on its future price. 279158AP4 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, 279158AP4 autocorrelation shows the relationship between 279158AP4 bond current value and its past values and can show if there is a momentum factor associated with investing in Ecopetrol SA 4625.
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 279158AP4 Bond
279158AP4 financial ratios help investors to determine whether 279158AP4 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 279158AP4 with respect to the benefits of owning 279158AP4 security.