GMT 35 01 JUN 32 Market Value
| 361448BJ1 | 82.57 5.86 6.63% |
| Symbol | 361448BJ1 |
Please note, there is a significant difference between 361448BJ1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 361448BJ1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 361448BJ1'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.
361448BJ1 '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 361448BJ1'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 361448BJ1.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in 361448BJ1 on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding GMT 35 01 JUN 32 or generate 0.0% return on investment in 361448BJ1 over 720 days. 361448BJ1 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
361448BJ1 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 361448BJ1'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 GMT 35 01 JUN 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.96 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.76 |
361448BJ1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 361448BJ1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 361448BJ1's standard deviation. In reality, there are many statistical measures that can use 361448BJ1 historical prices to predict the future 361448BJ1's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.6238 |
GMT 35 01 Backtested Returns
GMT 35 01 secures Sharpe Ratio (or Efficiency) of -0.0657, which signifies that the bond had a -0.0657% return per unit of risk over the last 3 months. GMT 35 01 JUN 32 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 361448BJ1's Variance of 1.85, coefficient of variation of (1,486), and Mean Deviation of 0.8193 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 361448BJ1 are expected to decrease at a much lower rate. During the bear market, 361448BJ1 is likely to outperform the market.
Auto-correlation | -0.65 |
Very good reverse predictability
GMT 35 01 JUN 32 has very good reverse predictability. Overlapping area represents the amount of predictability between 361448BJ1 time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 GMT 35 01 price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current 361448BJ1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 4.18 |
GMT 35 01 lagged returns against current returns
Autocorrelation, which is 361448BJ1 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 361448BJ1's bond expected returns. We can calculate the autocorrelation of 361448BJ1 returns to help us make a trade decision. For example, suppose you find that 361448BJ1 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 |
361448BJ1 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 361448BJ1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 361448BJ1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 361448BJ1 bond over time.
Current vs Lagged Prices |
| Timeline |
361448BJ1 Lagged Returns
When evaluating 361448BJ1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 361448BJ1 bond have on its future price. 361448BJ1 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, 361448BJ1 autocorrelation shows the relationship between 361448BJ1 bond current value and its past values and can show if there is a momentum factor associated with investing in GMT 35 01 JUN 32.
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 361448BJ1 Bond
361448BJ1 financial ratios help investors to determine whether 361448BJ1 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 361448BJ1 with respect to the benefits of owning 361448BJ1 security.