US489399AN56 Market Value
| 489399AN5 | 76.64 13.91 15.36% |
| Symbol | 489399AN5 |
489399AN5 '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 489399AN5'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 489399AN5.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 489399AN5 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding US489399AN56 or generate 0.0% return on investment in 489399AN5 over 30 days. 489399AN5 is related to or competes with Mesa Air, Saia, Lindblad Expeditions, Tianjin Capital, Verra Mobility, Maanshan Iron, and TFI International. More
489399AN5 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 489399AN5'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 US489399AN56 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 1.96 |
489399AN5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 489399AN5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 489399AN5's standard deviation. In reality, there are many statistical measures that can use 489399AN5 historical prices to predict the future 489399AN5's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.356 |
US489399AN56 Backtested Returns
US489399AN56 retains Efficiency (Sharpe Ratio) of -0.1, which signifies that the bond had a -0.1% return per unit of price deviation over the last 3 months. 489399AN5 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 489399AN5's Coefficient Of Variation of (1,360), variance of 6.24, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 489399AN5 are expected to decrease at a much lower rate. During the bear market, 489399AN5 is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
US489399AN56 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 489399AN5 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 US489399AN56 price movement. The serial correlation of -0.71 indicates that around 71.0% of current 489399AN5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 30.75 |
US489399AN56 lagged returns against current returns
Autocorrelation, which is 489399AN5 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 489399AN5's bond expected returns. We can calculate the autocorrelation of 489399AN5 returns to help us make a trade decision. For example, suppose you find that 489399AN5 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 |
489399AN5 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 489399AN5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 489399AN5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 489399AN5 bond over time.
Current vs Lagged Prices |
| Timeline |
489399AN5 Lagged Returns
When evaluating 489399AN5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 489399AN5 bond have on its future price. 489399AN5 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, 489399AN5 autocorrelation shows the relationship between 489399AN5 bond current value and its past values and can show if there is a momentum factor associated with investing in US489399AN56.
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 489399AN5 Bond
489399AN5 financial ratios help investors to determine whether 489399AN5 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 489399AN5 with respect to the benefits of owning 489399AN5 security.