ETR 24 15 JUN 31 Market Value
| 29364GAP8 | 79.31 6.30 7.36% |
| Symbol | 29364GAP8 |
Please note, there is a significant difference between 29364GAP8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 29364GAP8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 29364GAP8'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.
29364GAP8 '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 29364GAP8'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 29364GAP8.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in 29364GAP8 on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding ETR 24 15 JUN 31 or generate 0.0% return on investment in 29364GAP8 over 540 days. 29364GAP8 is related to or competes with Diageo PLC, Asure Software, Naked Wines, Qualys, Vodka Brands, PepsiCo, and Rumble. More
29364GAP8 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 29364GAP8'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 ETR 24 15 JUN 31 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.4543 |
29364GAP8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 29364GAP8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 29364GAP8's standard deviation. In reality, there are many statistical measures that can use 29364GAP8 historical prices to predict the future 29364GAP8's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.79) |
ETR 24 15 Backtested Returns
ETR 24 15 secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of risk over the last 3 months. ETR 24 15 JUN 31 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 29364GAP8's Variance of 0.9825, standard deviation of 0.9912, and Mean Deviation of 0.3752 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, 29364GAP8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 29364GAP8 is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
ETR 24 15 JUN 31 has good predictability. Overlapping area represents the amount of predictability between 29364GAP8 time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 ETR 24 15 price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current 29364GAP8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.65 |
ETR 24 15 lagged returns against current returns
Autocorrelation, which is 29364GAP8 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 29364GAP8's bond expected returns. We can calculate the autocorrelation of 29364GAP8 returns to help us make a trade decision. For example, suppose you find that 29364GAP8 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 |
29364GAP8 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 29364GAP8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 29364GAP8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 29364GAP8 bond over time.
Current vs Lagged Prices |
| Timeline |
29364GAP8 Lagged Returns
When evaluating 29364GAP8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 29364GAP8 bond have on its future price. 29364GAP8 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, 29364GAP8 autocorrelation shows the relationship between 29364GAP8 bond current value and its past values and can show if there is a momentum factor associated with investing in ETR 24 15 JUN 31.
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 29364GAP8 Bond
29364GAP8 financial ratios help investors to determine whether 29364GAP8 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 29364GAP8 with respect to the benefits of owning 29364GAP8 security.