US38148YAA64 Market Value
| 38148YAA6 | 83.91 1.52 1.78% |
| Symbol | 38148YAA6 |
Please note, there is a significant difference between 38148YAA6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 38148YAA6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 38148YAA6'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.
38148YAA6 '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 38148YAA6'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 38148YAA6.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in 38148YAA6 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding US38148YAA64 or generate 0.0% return on investment in 38148YAA6 over 90 days. 38148YAA6 is related to or competes with Enel Chile, Kinetik Holdings, Nexstar Broadcasting, Integrated Media, Pure Cycle, and CenterPoint Energy. More
38148YAA6 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 38148YAA6'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 US38148YAA64 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.87 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 1.65 |
38148YAA6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 38148YAA6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 38148YAA6's standard deviation. In reality, there are many statistical measures that can use 38148YAA6 historical prices to predict the future 38148YAA6's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | 0.0361 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.02) |
US38148YAA64 Backtested Returns
US38148YAA64 retains Efficiency (Sharpe Ratio) of -0.06, which signifies that the bond had a -0.06 % return per unit of price deviation over the last 3 months. 38148YAA6 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 38148YAA6's Coefficient Of Variation of 20539.78, semi deviation of 2.81, and Risk Adjusted Performance of 0.0118 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 38148YAA6 are expected to decrease at a much lower rate. During the bear market, 38148YAA6 is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
US38148YAA64 has weak reverse predictability. Overlapping area represents the amount of predictability between 38148YAA6 time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of US38148YAA64 price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current 38148YAA6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
US38148YAA64 lagged returns against current returns
Autocorrelation, which is 38148YAA6 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 38148YAA6's bond expected returns. We can calculate the autocorrelation of 38148YAA6 returns to help us make a trade decision. For example, suppose you find that 38148YAA6 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 |
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38148YAA6 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 38148YAA6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 38148YAA6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 38148YAA6 bond over time.
Current vs Lagged Prices |
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38148YAA6 Lagged Returns
When evaluating 38148YAA6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 38148YAA6 bond have on its future price. 38148YAA6 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, 38148YAA6 autocorrelation shows the relationship between 38148YAA6 bond current value and its past values and can show if there is a momentum factor associated with investing in US38148YAA64.
Regressed Prices |
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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 38148YAA6 Bond
38148YAA6 financial ratios help investors to determine whether 38148YAA6 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 38148YAA6 with respect to the benefits of owning 38148YAA6 security.