ILMN 255 23 MAR 31 Market Value
| 452327AM1 | 84.18 1.76 2.05% |
| Symbol | 452327AM1 |
Please note, there is a significant difference between 452327AM1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 452327AM1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 452327AM1'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.
452327AM1 '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 452327AM1'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 452327AM1.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 452327AM1 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ILMN 255 23 MAR 31 or generate 0.0% return on investment in 452327AM1 over 30 days. 452327AM1 is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
452327AM1 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 452327AM1'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 ILMN 255 23 MAR 31 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 1.21 |
452327AM1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 452327AM1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 452327AM1's standard deviation. In reality, there are many statistical measures that can use 452327AM1 historical prices to predict the future 452327AM1's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 1.81 |
ILMN 255 23 Backtested Returns
ILMN 255 23 secures Sharpe Ratio (or Efficiency) of -0.0789, which signifies that the bond had a -0.0789% return per unit of price deviation over the last 3 months. ILMN 255 23 MAR 31 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 452327AM1's Coefficient Of Variation of (4,284), information ratio of (0.13), and Mean Deviation of 0.5601 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0202, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 452327AM1 are expected to decrease at a much lower rate. During the bear market, 452327AM1 is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
ILMN 255 23 MAR 31 has very good reverse predictability. Overlapping area represents the amount of predictability between 452327AM1 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 ILMN 255 23 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current 452327AM1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
ILMN 255 23 lagged returns against current returns
Autocorrelation, which is 452327AM1 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 452327AM1's bond expected returns. We can calculate the autocorrelation of 452327AM1 returns to help us make a trade decision. For example, suppose you find that 452327AM1 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 |
452327AM1 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 452327AM1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 452327AM1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 452327AM1 bond over time.
Current vs Lagged Prices |
| Timeline |
452327AM1 Lagged Returns
When evaluating 452327AM1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 452327AM1 bond have on its future price. 452327AM1 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, 452327AM1 autocorrelation shows the relationship between 452327AM1 bond current value and its past values and can show if there is a momentum factor associated with investing in ILMN 255 23 MAR 31.
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 452327AM1 Bond
452327AM1 financial ratios help investors to determine whether 452327AM1 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 452327AM1 with respect to the benefits of owning 452327AM1 security.