Navient 5 percent Market Value
| 63938CAK4 | 87.38 11.27 11.42% |
| Symbol | Navient |
Navient '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 Navient'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 Navient.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Navient on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Navient 5 percent or generate 0.0% return on investment in Navient over 60 days. Navient is related to or competes with Mesa Air, Park Ohio, Cementos Pacasmayo, CECO Environmental, Jacobs Solutions, and Cebu Air. More
Navient 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 Navient'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 Navient 5 percent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 3.49 |
Navient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navient's standard deviation. In reality, there are many statistical measures that can use Navient historical prices to predict the future Navient's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.6707 |
Navient 5 percent Backtested Returns
Navient 5 percent has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12% return per unit of risk over the last 3 months. Navient exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navient's Standard Deviation of 2.47, risk adjusted performance of (0.04), and Mean Deviation of 1.16 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Navient are expected to decrease at a much lower rate. During the bear market, Navient is likely to outperform the market.
Auto-correlation | 0.22 |
Weak predictability
Navient 5 percent has weak predictability. Overlapping area represents the amount of predictability between Navient time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Navient 5 percent price movement. The serial correlation of 0.22 indicates that over 22.0% of current Navient price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5.91 |
Navient 5 percent lagged returns against current returns
Autocorrelation, which is Navient 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 Navient's bond expected returns. We can calculate the autocorrelation of Navient returns to help us make a trade decision. For example, suppose you find that Navient 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 |
Navient 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 Navient bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navient bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navient bond over time.
Current vs Lagged Prices |
| Timeline |
Navient Lagged Returns
When evaluating Navient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navient bond have on its future price. Navient 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, Navient autocorrelation shows the relationship between Navient bond current value and its past values and can show if there is a momentum factor associated with investing in Navient 5 percent.
Regressed Prices |
| Timeline |
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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 Navient Bond
Navient financial ratios help investors to determine whether Navient 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 Navient with respect to the benefits of owning Navient security.