US29449WAB37 Market Value
| 29449WAB3 | 83.46 0.00 0.00% |
| Symbol | 29449WAB3 |
Please note, there is a significant difference between 29449WAB3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 29449WAB3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 29449WAB3'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.
29449WAB3 '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 29449WAB3'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 29449WAB3.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 29449WAB3 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding US29449WAB37 or generate 0.0% return on investment in 29449WAB3 over 30 days. 29449WAB3 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
29449WAB3 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 29449WAB3'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 US29449WAB37 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.66 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.7273 |
29449WAB3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 29449WAB3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 29449WAB3's standard deviation. In reality, there are many statistical measures that can use 29449WAB3 historical prices to predict the future 29449WAB3's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.3266 |
US29449WAB37 Backtested Returns
US29449WAB37 retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the bond had a -0.18% return per unit of price deviation over the last 3 months. 29449WAB3 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 29449WAB3's Risk Adjusted Performance of (0.04), variance of 1.15, and Coefficient Of Variation of (1,870) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 29449WAB3 are expected to decrease at a much lower rate. During the bear market, 29449WAB3 is likely to outperform the market.
Auto-correlation | 0.33 |
Below average predictability
US29449WAB37 has below average predictability. Overlapping area represents the amount of predictability between 29449WAB3 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 US29449WAB37 price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current 29449WAB3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 12.95 |
US29449WAB37 lagged returns against current returns
Autocorrelation, which is 29449WAB3 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 29449WAB3's bond expected returns. We can calculate the autocorrelation of 29449WAB3 returns to help us make a trade decision. For example, suppose you find that 29449WAB3 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 |
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29449WAB3 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 29449WAB3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 29449WAB3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 29449WAB3 bond over time.
Current vs Lagged Prices |
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29449WAB3 Lagged Returns
When evaluating 29449WAB3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 29449WAB3 bond have on its future price. 29449WAB3 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, 29449WAB3 autocorrelation shows the relationship between 29449WAB3 bond current value and its past values and can show if there is a momentum factor associated with investing in US29449WAB37.
Regressed Prices |
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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 29449WAB3 Bond
29449WAB3 financial ratios help investors to determine whether 29449WAB3 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 29449WAB3 with respect to the benefits of owning 29449WAB3 security.