EVERSOURCE ENERGY 33 Market Value
| 30040WAE8 | 95.14 0.77 0.80% |
| Symbol | EVERSOURCE |
EVERSOURCE '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 EVERSOURCE'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 EVERSOURCE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EVERSOURCE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding EVERSOURCE ENERGY 33 or generate 0.0% return on investment in EVERSOURCE over 30 days. EVERSOURCE is related to or competes with ScanSource, Viemed Healthcare, Ameriprise Financial, Cumberland Pharmaceuticals, Supercom, NETGEAR, and Analog Devices. More
EVERSOURCE 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 EVERSOURCE'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 EVERSOURCE ENERGY 33 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 2.02 |
EVERSOURCE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVERSOURCE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVERSOURCE's standard deviation. In reality, there are many statistical measures that can use EVERSOURCE historical prices to predict the future EVERSOURCE's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1914 |
EVERSOURCE ENERGY Backtested Returns
EVERSOURCE ENERGY secures Sharpe Ratio (or Efficiency) of -0.0139, which denotes the bond had a -0.0139% return per unit of return volatility over the last 3 months. EVERSOURCE ENERGY 33 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EVERSOURCE's mean deviation of 0.5779, and Downside Deviation of 1.46 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0463, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EVERSOURCE are expected to decrease at a much lower rate. During the bear market, EVERSOURCE is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
EVERSOURCE ENERGY 33 has insignificant predictability. Overlapping area represents the amount of predictability between EVERSOURCE time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 EVERSOURCE ENERGY price movement. The serial correlation of 0.13 indicates that less than 13.0% of current EVERSOURCE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
EVERSOURCE ENERGY lagged returns against current returns
Autocorrelation, which is EVERSOURCE 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 EVERSOURCE's bond expected returns. We can calculate the autocorrelation of EVERSOURCE returns to help us make a trade decision. For example, suppose you find that EVERSOURCE 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 |
EVERSOURCE 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 EVERSOURCE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVERSOURCE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVERSOURCE bond over time.
Current vs Lagged Prices |
| Timeline |
EVERSOURCE Lagged Returns
When evaluating EVERSOURCE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVERSOURCE bond have on its future price. EVERSOURCE 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, EVERSOURCE autocorrelation shows the relationship between EVERSOURCE bond current value and its past values and can show if there is a momentum factor associated with investing in EVERSOURCE ENERGY 33.
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 EVERSOURCE Bond
EVERSOURCE financial ratios help investors to determine whether EVERSOURCE 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 EVERSOURCE with respect to the benefits of owning EVERSOURCE security.