US47233JDK16 Market Value
| 47233JDK1 | 80.25 8.69 9.77% |
| Symbol | 47233JDK1 |
Please note, there is a significant difference between 47233JDK1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 47233JDK1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 47233JDK1'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.
47233JDK1 '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 47233JDK1'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 47233JDK1.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in 47233JDK1 on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding US47233JDK16 or generate 0.0% return on investment in 47233JDK1 over 30 days. 47233JDK1 is related to or competes with Pool, Asbury Automotive, GoHealth, Aegon NV, Olympic Steel, Direct Line, and SunOpta. More
47233JDK1 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 47233JDK1'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 US47233JDK16 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.28 |
47233JDK1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 47233JDK1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 47233JDK1's standard deviation. In reality, there are many statistical measures that can use 47233JDK1 historical prices to predict the future 47233JDK1's volatility.| Risk Adjusted Performance | 0.0124 | |||
| Jensen Alpha | 0.0399 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.02) |
US47233JDK16 Backtested Returns
US47233JDK16 retains Efficiency (Sharpe Ratio) of -0.22, which signifies that the bond had a -0.22% return per unit of price deviation over the last 3 months. 47233JDK1 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 47233JDK1's Risk Adjusted Performance of 0.0124, coefficient of variation of 11129.59, and Semi Deviation of 2.18 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 47233JDK1 are expected to decrease at a much lower rate. During the bear market, 47233JDK1 is likely to outperform the market.
Auto-correlation | 0.24 |
Weak predictability
US47233JDK16 has weak predictability. Overlapping area represents the amount of predictability between 47233JDK1 time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 US47233JDK16 price movement. The serial correlation of 0.24 indicates that over 24.0% of current 47233JDK1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 11.89 |
US47233JDK16 lagged returns against current returns
Autocorrelation, which is 47233JDK1 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 47233JDK1's bond expected returns. We can calculate the autocorrelation of 47233JDK1 returns to help us make a trade decision. For example, suppose you find that 47233JDK1 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 |
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47233JDK1 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 47233JDK1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 47233JDK1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 47233JDK1 bond over time.
Current vs Lagged Prices |
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47233JDK1 Lagged Returns
When evaluating 47233JDK1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 47233JDK1 bond have on its future price. 47233JDK1 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, 47233JDK1 autocorrelation shows the relationship between 47233JDK1 bond current value and its past values and can show if there is a momentum factor associated with investing in US47233JDK16.
Regressed Prices |
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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 47233JDK1 Bond
47233JDK1 financial ratios help investors to determine whether 47233JDK1 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 47233JDK1 with respect to the benefits of owning 47233JDK1 security.