US62886HBG56 Market Value
| 62886HBG5 | 106.30 0.17 0.16% |
| Symbol | 62886HBG5 |
Please note, there is a significant difference between 62886HBG5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 62886HBG5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 62886HBG5'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.
62886HBG5 '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 62886HBG5'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 62886HBG5.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in 62886HBG5 on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding US62886HBG56 or generate 0.0% return on investment in 62886HBG5 over 90 days. 62886HBG5 is related to or competes with 00108WAF7, IShares Global, Exxon, Johnson Johnson, 3M, Cisco Systems, and JPMorgan Chase. More
62886HBG5 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 62886HBG5'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 US62886HBG56 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3528 |
62886HBG5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 62886HBG5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 62886HBG5's standard deviation. In reality, there are many statistical measures that can use 62886HBG5 historical prices to predict the future 62886HBG5's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.88) |
US62886HBG56 Backtested Returns
US62886HBG56 retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the bond had a -0.13 % return per unit of price deviation over the last 3 months. 62886HBG5 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 62886HBG5's Coefficient Of Variation of (809.58), risk adjusted performance of (0.08), and Variance of 4.3 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 62886HBG5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 62886HBG5 is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
US62886HBG56 has very good reverse predictability. Overlapping area represents the amount of predictability between 62886HBG5 time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of US62886HBG56 price movement. The serial correlation of -0.66 indicates that around 66.0% of current 62886HBG5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
US62886HBG56 lagged returns against current returns
Autocorrelation, which is 62886HBG5 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 62886HBG5's bond expected returns. We can calculate the autocorrelation of 62886HBG5 returns to help us make a trade decision. For example, suppose you find that 62886HBG5 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 |
62886HBG5 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 62886HBG5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 62886HBG5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 62886HBG5 bond over time.
Current vs Lagged Prices |
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62886HBG5 Lagged Returns
When evaluating 62886HBG5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 62886HBG5 bond have on its future price. 62886HBG5 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, 62886HBG5 autocorrelation shows the relationship between 62886HBG5 bond current value and its past values and can show if there is a momentum factor associated with investing in US62886HBG56.
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 62886HBG5 Bond
62886HBG5 financial ratios help investors to determine whether 62886HBG5 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 62886HBG5 with respect to the benefits of owning 62886HBG5 security.