EMR 28 21 DEC 51 Market Value
| 291011BS2 | 63.68 3.54 5.89% |
| Symbol | 291011BS2 |
Please note, there is a significant difference between 291011BS2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 291011BS2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 291011BS2'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.
291011BS2 '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 291011BS2'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 291011BS2.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 291011BS2 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding EMR 28 21 DEC 51 or generate 0.0% return on investment in 291011BS2 over 30 days. 291011BS2 is related to or competes with Fevertree Drinks, Logan Ridge, Keurig Dr, Zoom Video, Westrock Coffee, and Thai Beverage. More
291011BS2 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 291011BS2'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 EMR 28 21 DEC 51 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.27 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 3.48 |
291011BS2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 291011BS2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 291011BS2's standard deviation. In reality, there are many statistical measures that can use 291011BS2 historical prices to predict the future 291011BS2's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.19) |
EMR 28 21 Backtested Returns
At this point, 291011BS2 is very steady. EMR 28 21 secures Sharpe Ratio (or Efficiency) of 0.009, which signifies that the bond had a 0.009% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for EMR 28 21 DEC 51, which you can use to evaluate the volatility of the entity. Please confirm 291011BS2's Mean Deviation of 1.51, standard deviation of 2.77, and Variance of 7.7 to double-check if the risk estimate we provide is consistent with the expected return of 0.018%. The bond shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 291011BS2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 291011BS2 is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
EMR 28 21 DEC 51 has below average predictability. Overlapping area represents the amount of predictability between 291011BS2 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 EMR 28 21 price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current 291011BS2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.64 |
EMR 28 21 lagged returns against current returns
Autocorrelation, which is 291011BS2 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 291011BS2's bond expected returns. We can calculate the autocorrelation of 291011BS2 returns to help us make a trade decision. For example, suppose you find that 291011BS2 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 |
291011BS2 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 291011BS2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 291011BS2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 291011BS2 bond over time.
Current vs Lagged Prices |
| Timeline |
291011BS2 Lagged Returns
When evaluating 291011BS2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 291011BS2 bond have on its future price. 291011BS2 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, 291011BS2 autocorrelation shows the relationship between 291011BS2 bond current value and its past values and can show if there is a momentum factor associated with investing in EMR 28 21 DEC 51.
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 291011BS2 Bond
291011BS2 financial ratios help investors to determine whether 291011BS2 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 291011BS2 with respect to the benefits of owning 291011BS2 security.