ES 46 01 JUL 27 Market Value
| 30040WAR9 | 95.81 3.92 3.93% |
| Symbol | 30040WAR9 |
Please note, there is a significant difference between 30040WAR9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 30040WAR9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 30040WAR9'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.
30040WAR9 '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 30040WAR9'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 30040WAR9.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in 30040WAR9 on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding ES 46 01 JUL 27 or generate 0.0% return on investment in 30040WAR9 over 690 days. 30040WAR9 is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
30040WAR9 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 30040WAR9'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 ES 46 01 JUL 27 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 2.34 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.821 |
30040WAR9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 30040WAR9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 30040WAR9's standard deviation. In reality, there are many statistical measures that can use 30040WAR9 historical prices to predict the future 30040WAR9's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 8.86 |
30040WAR9 Backtested Returns
30040WAR9 retains Efficiency (Sharpe Ratio) of -0.0219, which signifies that the bond had a -0.0219% return per unit of price deviation over the last 3 months. 30040WAR9 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 30040WAR9's Standard Deviation of 0.5294, market risk adjusted performance of 8.87, and Information Ratio of (0.38) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0096, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 30040WAR9 are expected to decrease at a much lower rate. During the bear market, 30040WAR9 is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
ES 46 01 JUL 27 has poor reverse predictability. Overlapping area represents the amount of predictability between 30040WAR9 time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 30040WAR9 price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current 30040WAR9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
30040WAR9 lagged returns against current returns
Autocorrelation, which is 30040WAR9 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 30040WAR9's bond expected returns. We can calculate the autocorrelation of 30040WAR9 returns to help us make a trade decision. For example, suppose you find that 30040WAR9 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 |
30040WAR9 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 30040WAR9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 30040WAR9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 30040WAR9 bond over time.
Current vs Lagged Prices |
| Timeline |
30040WAR9 Lagged Returns
When evaluating 30040WAR9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 30040WAR9 bond have on its future price. 30040WAR9 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, 30040WAR9 autocorrelation shows the relationship between 30040WAR9 bond current value and its past values and can show if there is a momentum factor associated with investing in ES 46 01 JUL 27.
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 30040WAR9 Bond
30040WAR9 financial ratios help investors to determine whether 30040WAR9 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 30040WAR9 with respect to the benefits of owning 30040WAR9 security.