US428291AM05 Market Value
| 428291AM0 | 97.97 1.88 1.88% |
| Symbol | 428291AM0 |
428291AM0 '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 428291AM0'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 428291AM0.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in 428291AM0 on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding US428291AM05 or generate 0.0% return on investment in 428291AM0 over 720 days. 428291AM0 is related to or competes with Altria, National CineMedia, Xunlei, Westrock Coffee, WPP PLC, and RLX Technology. More
428291AM0 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 428291AM0'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 US428291AM05 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.4218 |
428291AM0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 428291AM0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 428291AM0's standard deviation. In reality, there are many statistical measures that can use 428291AM0 historical prices to predict the future 428291AM0's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.62) |
US428291AM05 Backtested Returns
US428291AM05 retains Efficiency (Sharpe Ratio) of -0.0847, which signifies that the bond had a -0.0847 % return per unit of price deviation over the last 3 months. 428291AM0 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 428291AM0's Risk Adjusted Performance of (0.07), coefficient of variation of (1,209), and Variance of 0.1164 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0615, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 428291AM0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 428291AM0 is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
US428291AM05 has virtually no predictability. Overlapping area represents the amount of predictability between 428291AM0 time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 US428291AM05 price movement. The serial correlation of 0.03 indicates that only 3.0% of current 428291AM0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
US428291AM05 lagged returns against current returns
Autocorrelation, which is 428291AM0 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 428291AM0's bond expected returns. We can calculate the autocorrelation of 428291AM0 returns to help us make a trade decision. For example, suppose you find that 428291AM0 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 |
428291AM0 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 428291AM0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 428291AM0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 428291AM0 bond over time.
Current vs Lagged Prices |
| Timeline |
428291AM0 Lagged Returns
When evaluating 428291AM0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 428291AM0 bond have on its future price. 428291AM0 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, 428291AM0 autocorrelation shows the relationship between 428291AM0 bond current value and its past values and can show if there is a momentum factor associated with investing in US428291AM05.
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 428291AM0 Bond
428291AM0 financial ratios help investors to determine whether 428291AM0 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 428291AM0 with respect to the benefits of owning 428291AM0 security.