WTRG 53 01 MAY 52 Market Value
| 29670GAG7 | 90.30 4.48 4.73% |
| Symbol | 29670GAG7 |
Please note, there is a significant difference between 29670GAG7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 29670GAG7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 29670GAG7'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.
29670GAG7 '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 29670GAG7'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 29670GAG7.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 29670GAG7 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WTRG 53 01 MAY 52 or generate 0.0% return on investment in 29670GAG7 over 30 days. 29670GAG7 is related to or competes with NRG Energy, Kinetik Holdings, PGE Corp, Empresa Distribuidora, WEC Energy, Sphere Entertainment, and Atmos Energy. More
29670GAG7 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 29670GAG7'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 WTRG 53 01 MAY 52 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.27 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 1.31 |
29670GAG7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 29670GAG7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 29670GAG7's standard deviation. In reality, there are many statistical measures that can use 29670GAG7 historical prices to predict the future 29670GAG7's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.63) |
WTRG 53 01 Backtested Returns
WTRG 53 01 secures Sharpe Ratio (or Efficiency) of -0.0107, which signifies that the bond had a -0.0107% return per unit of risk over the last 3 months. WTRG 53 01 MAY 52 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 29670GAG7's Standard Deviation of 1.99, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,792) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 29670GAG7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 29670GAG7 is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
WTRG 53 01 MAY 52 has very good reverse predictability. Overlapping area represents the amount of predictability between 29670GAG7 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 WTRG 53 01 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current 29670GAG7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
WTRG 53 01 lagged returns against current returns
Autocorrelation, which is 29670GAG7 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 29670GAG7's bond expected returns. We can calculate the autocorrelation of 29670GAG7 returns to help us make a trade decision. For example, suppose you find that 29670GAG7 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 |
29670GAG7 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 29670GAG7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 29670GAG7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 29670GAG7 bond over time.
Current vs Lagged Prices |
| Timeline |
29670GAG7 Lagged Returns
When evaluating 29670GAG7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 29670GAG7 bond have on its future price. 29670GAG7 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, 29670GAG7 autocorrelation shows the relationship between 29670GAG7 bond current value and its past values and can show if there is a momentum factor associated with investing in WTRG 53 01 MAY 52.
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 29670GAG7 Bond
29670GAG7 financial ratios help investors to determine whether 29670GAG7 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 29670GAG7 with respect to the benefits of owning 29670GAG7 security.