CMIENE 625 26 APR 29 Market Value
| 46143NAB6 | 95.13 0.00 0.00% |
| Symbol | CMIENE |
Please note, there is a significant difference between CMIENE's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMIENE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMIENE'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.
CMIENE '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 CMIENE'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 CMIENE.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CMIENE on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CMIENE 625 26 APR 29 or generate 0.0% return on investment in CMIENE over 540 days. CMIENE is related to or competes with Awilco Drilling, Universal Music, Haverty Furniture, Delek Drilling, SBM Offshore, Patterson UTI, and Jutal Offshore. More
CMIENE 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 CMIENE'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 CMIENE 625 26 APR 29 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.68 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 2.55 |
CMIENE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CMIENE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CMIENE's standard deviation. In reality, there are many statistical measures that can use CMIENE historical prices to predict the future CMIENE's volatility.| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.102 |
CMIENE 625 26 Backtested Returns
CMIENE 625 26 secures Sharpe Ratio (or Efficiency) of -0.42, which signifies that the bond had a -0.42% return per unit of return volatility over the last 3 months. CMIENE 625 26 APR 29 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CMIENE's Semi Deviation of 1.37, risk adjusted performance of 0.0253, and Mean Deviation of 0.9977 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CMIENE's returns are expected to increase less than the market. However, during the bear market, the loss of holding CMIENE is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
CMIENE 625 26 APR 29 has good reverse predictability. Overlapping area represents the amount of predictability between CMIENE time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 CMIENE 625 26 price movement. The serial correlation of -0.52 indicates that about 52.0% of current CMIENE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.68 |
CMIENE 625 26 lagged returns against current returns
Autocorrelation, which is CMIENE 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 CMIENE's bond expected returns. We can calculate the autocorrelation of CMIENE returns to help us make a trade decision. For example, suppose you find that CMIENE 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 |
CMIENE 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 CMIENE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CMIENE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CMIENE bond over time.
Current vs Lagged Prices |
| Timeline |
CMIENE Lagged Returns
When evaluating CMIENE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CMIENE bond have on its future price. CMIENE 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, CMIENE autocorrelation shows the relationship between CMIENE bond current value and its past values and can show if there is a momentum factor associated with investing in CMIENE 625 26 APR 29.
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 CMIENE Bond
CMIENE financial ratios help investors to determine whether CMIENE 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 CMIENE with respect to the benefits of owning CMIENE security.