HEALTHCARE TR AMER Market Value
| 42225UAF1 | 94.37 2.72 2.80% |
| Symbol | 42225UAF1 |
42225UAF1 '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 42225UAF1'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 42225UAF1.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in 42225UAF1 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HEALTHCARE TR AMER or generate 0.0% return on investment in 42225UAF1 over 30 days. 42225UAF1 is related to or competes with Sonos, Life Time, WiMi Hologram, Zhihu, NETGEAR, Emerson Radio, and Mattel. More
42225UAF1 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 42225UAF1'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 HEALTHCARE TR AMER upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.6232 |
42225UAF1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 42225UAF1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 42225UAF1's standard deviation. In reality, there are many statistical measures that can use 42225UAF1 historical prices to predict the future 42225UAF1's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.23 |
HEALTHCARE TR AMER Backtested Returns
HEALTHCARE TR AMER 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. 42225UAF1 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 42225UAF1's Market Risk Adjusted Performance of 1.24, coefficient of variation of (4,268), and Information Ratio of (0.18) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0251, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 42225UAF1 are expected to decrease at a much lower rate. During the bear market, 42225UAF1 is likely to outperform the market.
Auto-correlation | -0.04 |
Very weak reverse predictability
HEALTHCARE TR AMER has very weak reverse predictability. Overlapping area represents the amount of predictability between 42225UAF1 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 HEALTHCARE TR AMER price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current 42225UAF1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
HEALTHCARE TR AMER lagged returns against current returns
Autocorrelation, which is 42225UAF1 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 42225UAF1's bond expected returns. We can calculate the autocorrelation of 42225UAF1 returns to help us make a trade decision. For example, suppose you find that 42225UAF1 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 |
42225UAF1 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 42225UAF1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 42225UAF1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 42225UAF1 bond over time.
Current vs Lagged Prices |
| Timeline |
42225UAF1 Lagged Returns
When evaluating 42225UAF1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 42225UAF1 bond have on its future price. 42225UAF1 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, 42225UAF1 autocorrelation shows the relationship between 42225UAF1 bond current value and its past values and can show if there is a momentum factor associated with investing in HEALTHCARE TR AMER.
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 42225UAF1 Bond
42225UAF1 financial ratios help investors to determine whether 42225UAF1 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 42225UAF1 with respect to the benefits of owning 42225UAF1 security.