JDEPNA 225 24 SEP 31 Market Value
| 47216QAC7 | 78.83 3.65 4.43% |
| Symbol | JDEPNA |
Please note, there is a significant difference between JDEPNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if JDEPNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JDEPNA'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.
JDEPNA '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 JDEPNA'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 JDEPNA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in JDEPNA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding JDEPNA 225 24 SEP 31 or generate 0.0% return on investment in JDEPNA over 30 days. JDEPNA is related to or competes with 00108WAF7, 90331HPL1, PayPal Holdings, IONQ, Nasdaq, Vertiv Holdings, and Microsoft. More
JDEPNA 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 JDEPNA'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 JDEPNA 225 24 SEP 31 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.14 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.33 |
JDEPNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JDEPNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JDEPNA's standard deviation. In reality, there are many statistical measures that can use JDEPNA historical prices to predict the future JDEPNA's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | 0.0659 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0145 |
JDEPNA 225 24 Backtested Returns
JDEPNA 225 24 holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of return volatility over the last 3 months. JDEPNA 225 24 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JDEPNA's Risk Adjusted Performance of 0.0039, market risk adjusted performance of 0.0245, and Semi Deviation of 1.36 to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JDEPNA are expected to decrease at a much lower rate. During the bear market, JDEPNA is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
JDEPNA 225 24 SEP 31 has good predictability. Overlapping area represents the amount of predictability between JDEPNA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 JDEPNA 225 24 price movement. The serial correlation of 0.71 indicates that around 71.0% of current JDEPNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
JDEPNA 225 24 lagged returns against current returns
Autocorrelation, which is JDEPNA 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 JDEPNA's bond expected returns. We can calculate the autocorrelation of JDEPNA returns to help us make a trade decision. For example, suppose you find that JDEPNA 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 |
JDEPNA 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 JDEPNA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JDEPNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JDEPNA bond over time.
Current vs Lagged Prices |
| Timeline |
JDEPNA Lagged Returns
When evaluating JDEPNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JDEPNA bond have on its future price. JDEPNA 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, JDEPNA autocorrelation shows the relationship between JDEPNA bond current value and its past values and can show if there is a momentum factor associated with investing in JDEPNA 225 24 SEP 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 JDEPNA Bond
JDEPNA financial ratios help investors to determine whether JDEPNA 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 JDEPNA with respect to the benefits of owning JDEPNA security.