US529043AE19 Market Value
| 529043AE1 | 78.73 7.93 9.15% |
| Symbol | 529043AE1 |
Please note, there is a significant difference between 529043AE1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 529043AE1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 529043AE1'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.
529043AE1 '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 529043AE1'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 529043AE1.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 529043AE1 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding US529043AE19 or generate 0.0% return on investment in 529043AE1 over 30 days. 529043AE1 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
529043AE1 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 529043AE1'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 US529043AE19 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 15.63 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 2.07 |
529043AE1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 529043AE1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 529043AE1's standard deviation. In reality, there are many statistical measures that can use 529043AE1 historical prices to predict the future 529043AE1's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.49) |
US529043AE19 Backtested Returns
US529043AE19 retains Efficiency (Sharpe Ratio) of -0.17, which signifies that the bond had a -0.17% return per unit of price deviation over the last 3 months. 529043AE1 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 529043AE1's Variance of 4.07, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,299) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 529043AE1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 529043AE1 is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
US529043AE19 has good predictability. Overlapping area represents the amount of predictability between 529043AE1 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 US529043AE19 price movement. The serial correlation of 0.7 indicates that around 70.0% of current 529043AE1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 9.69 |
US529043AE19 lagged returns against current returns
Autocorrelation, which is 529043AE1 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 529043AE1's bond expected returns. We can calculate the autocorrelation of 529043AE1 returns to help us make a trade decision. For example, suppose you find that 529043AE1 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 |
529043AE1 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 529043AE1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 529043AE1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 529043AE1 bond over time.
Current vs Lagged Prices |
| Timeline |
529043AE1 Lagged Returns
When evaluating 529043AE1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 529043AE1 bond have on its future price. 529043AE1 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, 529043AE1 autocorrelation shows the relationship between 529043AE1 bond current value and its past values and can show if there is a momentum factor associated with investing in US529043AE19.
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 529043AE1 Bond
529043AE1 financial ratios help investors to determine whether 529043AE1 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 529043AE1 with respect to the benefits of owning 529043AE1 security.