FMGAU 5875 15 APR 30 Market Value
| 30251GBD8 | 97.25 2.18 2.19% |
| Symbol | FMGAU |
Please note, there is a significant difference between FMGAU's value and its price as these two are different measures arrived at by different means. Investors typically determine if FMGAU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FMGAU'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.
FMGAU '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 FMGAU'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 FMGAU.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in FMGAU on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding FMGAU 5875 15 APR 30 or generate 0.0% return on investment in FMGAU over 60 days. FMGAU is related to or competes with Shake Shack, Cheesecake Factory, Highway Holdings, Jeld Wen, Chemours, Minerals Technologies, and Texas Roadhouse. More
FMGAU 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 FMGAU'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 FMGAU 5875 15 APR 30 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.38 |
FMGAU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FMGAU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FMGAU's standard deviation. In reality, there are many statistical measures that can use FMGAU historical prices to predict the future FMGAU's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.24 |
FMGAU 5875 15 Backtested Returns
FMGAU 5875 15 secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the bond had a -0.12% return per unit of return volatility over the last 3 months. FMGAU 5875 15 APR 30 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FMGAU's mean deviation of 0.2357, and Standard Deviation of 0.3217 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0294, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FMGAU are expected to decrease at a much lower rate. During the bear market, FMGAU is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
FMGAU 5875 15 APR 30 has poor predictability. Overlapping area represents the amount of predictability between FMGAU time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 FMGAU 5875 15 price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current FMGAU price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
FMGAU 5875 15 lagged returns against current returns
Autocorrelation, which is FMGAU 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 FMGAU's bond expected returns. We can calculate the autocorrelation of FMGAU returns to help us make a trade decision. For example, suppose you find that FMGAU 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 |
FMGAU 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 FMGAU bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FMGAU bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FMGAU bond over time.
Current vs Lagged Prices |
| Timeline |
FMGAU Lagged Returns
When evaluating FMGAU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FMGAU bond have on its future price. FMGAU 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, FMGAU autocorrelation shows the relationship between FMGAU bond current value and its past values and can show if there is a momentum factor associated with investing in FMGAU 5875 15 APR 30.
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 FMGAU Bond
FMGAU financial ratios help investors to determine whether FMGAU 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 FMGAU with respect to the benefits of owning FMGAU security.