ENERGY TRANSFER PARTNERS Market Value
| 29273RBK4 | 96.57 2.06 2.09% |
| Symbol | ENERGY |
ENERGY '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 ENERGY'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 ENERGY.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in ENERGY on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding ENERGY TRANSFER PARTNERS or generate 0.0% return on investment in ENERGY over 360 days. ENERGY is related to or competes with 00108WAF7, 90331HPL1, Dupont De, Travelers Companies, Exxon, GE Aerospace, and JPMorgan Chase. More
ENERGY 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 ENERGY'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 ENERGY TRANSFER PARTNERS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.2311 |
ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENERGY's standard deviation. In reality, there are many statistical measures that can use ENERGY historical prices to predict the future ENERGY's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 3.91 |
ENERGY TRANSFER PARTNERS Backtested Returns
ENERGY TRANSFER PARTNERS secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the bond had a -0.14% return per unit of return volatility over the last 3 months. ENERGY TRANSFER PARTNERS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENERGY's standard deviation of 0.6609, and Mean Deviation of 0.234 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0116, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENERGY are expected to decrease at a much lower rate. During the bear market, ENERGY is likely to outperform the market.
Auto-correlation | 0.24 |
Weak predictability
ENERGY TRANSFER PARTNERS has weak predictability. Overlapping area represents the amount of predictability between ENERGY time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 ENERGY TRANSFER PARTNERS price movement. The serial correlation of 0.24 indicates that over 24.0% of current ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
ENERGY TRANSFER PARTNERS lagged returns against current returns
Autocorrelation, which is ENERGY 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 ENERGY's bond expected returns. We can calculate the autocorrelation of ENERGY returns to help us make a trade decision. For example, suppose you find that ENERGY 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 |
ENERGY 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 ENERGY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENERGY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENERGY bond over time.
Current vs Lagged Prices |
| Timeline |
ENERGY Lagged Returns
When evaluating ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENERGY bond have on its future price. ENERGY 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, ENERGY autocorrelation shows the relationship between ENERGY bond current value and its past values and can show if there is a momentum factor associated with investing in ENERGY TRANSFER 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 ENERGY Bond
ENERGY financial ratios help investors to determine whether ENERGY 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 ENERGY with respect to the benefits of owning ENERGY security.