MRK 19 10 DEC 28 Market Value
| 58933YBD6 | 87.09 3.82 4.20% |
| Symbol | 58933YBD6 |
Please note, there is a significant difference between 58933YBD6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 58933YBD6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 58933YBD6'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.
58933YBD6 '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 58933YBD6'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 58933YBD6.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in 58933YBD6 on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding MRK 19 10 DEC 28 or generate 0.0% return on investment in 58933YBD6 over 540 days. 58933YBD6 is related to or competes with 00108WAF7, 90331HPL1, MetLife, Brera Holdings, Jackson Financial, Fortinet, and Walmart. More
58933YBD6 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 58933YBD6'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 MRK 19 10 DEC 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 0.5882 |
58933YBD6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 58933YBD6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 58933YBD6's standard deviation. In reality, there are many statistical measures that can use 58933YBD6 historical prices to predict the future 58933YBD6's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.62) |
MRK 19 10 Backtested Returns
MRK 19 10 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of price deviation over the last 3 months. MRK 19 10 DEC 28 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 58933YBD6's information ratio of (0.21), and Mean Deviation of 0.4753 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0563, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 58933YBD6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 58933YBD6 is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
MRK 19 10 DEC 28 has average predictability. Overlapping area represents the amount of predictability between 58933YBD6 time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 MRK 19 10 price movement. The serial correlation of 0.48 indicates that about 48.0% of current 58933YBD6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
MRK 19 10 lagged returns against current returns
Autocorrelation, which is 58933YBD6 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 58933YBD6's bond expected returns. We can calculate the autocorrelation of 58933YBD6 returns to help us make a trade decision. For example, suppose you find that 58933YBD6 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 |
58933YBD6 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 58933YBD6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 58933YBD6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 58933YBD6 bond over time.
Current vs Lagged Prices |
| Timeline |
58933YBD6 Lagged Returns
When evaluating 58933YBD6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 58933YBD6 bond have on its future price. 58933YBD6 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, 58933YBD6 autocorrelation shows the relationship between 58933YBD6 bond current value and its past values and can show if there is a momentum factor associated with investing in MRK 19 10 DEC 28.
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 58933YBD6 Bond
58933YBD6 financial ratios help investors to determine whether 58933YBD6 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 58933YBD6 with respect to the benefits of owning 58933YBD6 security.