INGEVITY P 3875 Market Value
| 45688CAB3 | 85.31 7.19 7.77% |
| Symbol | INGEVITY |
INGEVITY '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 INGEVITY'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 INGEVITY.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in INGEVITY on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding INGEVITY P 3875 or generate 0.0% return on investment in INGEVITY over 720 days. INGEVITY is related to or competes with 00108WAF7, 90331HPL1, Omega Healthcare, Zoom Video, Granite Construction, Red Cat, and Quantum Computing. More
INGEVITY 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 INGEVITY'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 INGEVITY P 3875 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.41 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.4 |
INGEVITY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INGEVITY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INGEVITY's standard deviation. In reality, there are many statistical measures that can use INGEVITY historical prices to predict the future INGEVITY's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.3054 |
INGEVITY P 3875 Backtested Returns
INGEVITY P 3875 holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. INGEVITY P 3875 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out INGEVITY's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.3154, and Coefficient Of Variation of (2,035) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning INGEVITY are expected to decrease at a much lower rate. During the bear market, INGEVITY is likely to outperform the market.
Auto-correlation | -0.27 |
Weak reverse predictability
INGEVITY P 3875 has weak reverse predictability. Overlapping area represents the amount of predictability between INGEVITY time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 INGEVITY P 3875 price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current INGEVITY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.55 |
INGEVITY P 3875 lagged returns against current returns
Autocorrelation, which is INGEVITY 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 INGEVITY's bond expected returns. We can calculate the autocorrelation of INGEVITY returns to help us make a trade decision. For example, suppose you find that INGEVITY 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 |
INGEVITY 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 INGEVITY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INGEVITY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INGEVITY bond over time.
Current vs Lagged Prices |
| Timeline |
INGEVITY Lagged Returns
When evaluating INGEVITY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INGEVITY bond have on its future price. INGEVITY 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, INGEVITY autocorrelation shows the relationship between INGEVITY bond current value and its past values and can show if there is a momentum factor associated with investing in INGEVITY P 3875.
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 INGEVITY Bond
INGEVITY financial ratios help investors to determine whether INGEVITY 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 INGEVITY with respect to the benefits of owning INGEVITY security.