NEW ENGLAND TEL Market Value
| 644239AY1 | 115.86 4.79 4.31% |
| Symbol | 644239AY1 |
644239AY1 '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 644239AY1'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 644239AY1.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 644239AY1 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NEW ENGLAND TEL or generate 0.0% return on investment in 644239AY1 over 30 days. 644239AY1 is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
644239AY1 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 644239AY1'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 NEW ENGLAND TEL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.12 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.03 |
644239AY1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 644239AY1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 644239AY1's standard deviation. In reality, there are many statistical measures that can use 644239AY1 historical prices to predict the future 644239AY1's volatility.| Risk Adjusted Performance | 0.0383 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2732 |
NEW ENGLAND TEL Backtested Returns
644239AY1 appears to be very steady, given 3 months investment horizon. NEW ENGLAND TEL secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the bond had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for NEW ENGLAND TEL, which you can use to evaluate the volatility of the entity. Please makes use of 644239AY1's mean deviation of 1.19, and Downside Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 644239AY1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 644239AY1 is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
NEW ENGLAND TEL has average predictability. Overlapping area represents the amount of predictability between 644239AY1 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 NEW ENGLAND TEL price movement. The serial correlation of 0.4 indicates that just about 40.0% of current 644239AY1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.27 |
NEW ENGLAND TEL lagged returns against current returns
Autocorrelation, which is 644239AY1 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 644239AY1's bond expected returns. We can calculate the autocorrelation of 644239AY1 returns to help us make a trade decision. For example, suppose you find that 644239AY1 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 |
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644239AY1 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 644239AY1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 644239AY1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 644239AY1 bond over time.
Current vs Lagged Prices |
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644239AY1 Lagged Returns
When evaluating 644239AY1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 644239AY1 bond have on its future price. 644239AY1 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, 644239AY1 autocorrelation shows the relationship between 644239AY1 bond current value and its past values and can show if there is a momentum factor associated with investing in NEW ENGLAND TEL.
Regressed Prices |
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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 644239AY1 Bond
644239AY1 financial ratios help investors to determine whether 644239AY1 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 644239AY1 with respect to the benefits of owning 644239AY1 security.