US38869AAD90 Market Value
| 38869AAD9 | 87.88 4.11 4.47% |
| Symbol | 38869AAD9 |
Please note, there is a significant difference between 38869AAD9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 38869AAD9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 38869AAD9'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.
38869AAD9 '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 38869AAD9'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 38869AAD9.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in 38869AAD9 on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding US38869AAD90 or generate 0.0% return on investment in 38869AAD9 over 30 days. 38869AAD9 is related to or competes with 00108WAF7, 90331HPL1, MetLife, Brera Holdings, Jackson Financial, Fortinet, and Walmart. More
38869AAD9 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 38869AAD9'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 US38869AAD90 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.3794 |
38869AAD9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 38869AAD9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 38869AAD9's standard deviation. In reality, there are many statistical measures that can use 38869AAD9 historical prices to predict the future 38869AAD9's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 1.62 |
US38869AAD90 Backtested Returns
US38869AAD90 retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the bond had a -0.14% return per unit of price deviation over the last 3 months. 38869AAD9 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 38869AAD9's Risk Adjusted Performance of (0.03), coefficient of variation of (2,602), and Variance of 1.38 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0341, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 38869AAD9 are expected to decrease at a much lower rate. During the bear market, 38869AAD9 is likely to outperform the market.
Auto-correlation | 0.37 |
Below average predictability
US38869AAD90 has below average predictability. Overlapping area represents the amount of predictability between 38869AAD9 time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 US38869AAD90 price movement. The serial correlation of 0.37 indicates that just about 37.0% of current 38869AAD9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
US38869AAD90 lagged returns against current returns
Autocorrelation, which is 38869AAD9 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 38869AAD9's bond expected returns. We can calculate the autocorrelation of 38869AAD9 returns to help us make a trade decision. For example, suppose you find that 38869AAD9 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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38869AAD9 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 38869AAD9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 38869AAD9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 38869AAD9 bond over time.
Current vs Lagged Prices |
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38869AAD9 Lagged Returns
When evaluating 38869AAD9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 38869AAD9 bond have on its future price. 38869AAD9 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, 38869AAD9 autocorrelation shows the relationship between 38869AAD9 bond current value and its past values and can show if there is a momentum factor associated with investing in US38869AAD90.
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 38869AAD9 Bond
38869AAD9 financial ratios help investors to determine whether 38869AAD9 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 38869AAD9 with respect to the benefits of owning 38869AAD9 security.