New York Community Market Value
| 649445AC7 | 96.97 0.97 1.01% |
| Symbol | 649445AC7 |
649445AC7 '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 649445AC7'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 649445AC7.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 649445AC7 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding New York Community or generate 0.0% return on investment in 649445AC7 over 30 days. 649445AC7 is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
649445AC7 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 649445AC7'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 York Community upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0045 | |||
| Maximum Drawdown | 11.63 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.9 |
649445AC7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 649445AC7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 649445AC7's standard deviation. In reality, there are many statistical measures that can use 649445AC7 historical prices to predict the future 649445AC7's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0045 | |||
| Treynor Ratio | 0.6665 |
New York Community Backtested Returns
At this point, 649445AC7 is very steady. New York Community secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the bond had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for New York Community, which you can use to evaluate the volatility of the entity. Please confirm 649445AC7's mean deviation of 1.25, and Coefficient Of Variation of 1336.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. The bond shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 649445AC7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 649445AC7 is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
New York Community has average predictability. Overlapping area represents the amount of predictability between 649445AC7 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 New York Community price movement. The serial correlation of 0.44 indicates that just about 44.0% of current 649445AC7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
New York Community lagged returns against current returns
Autocorrelation, which is 649445AC7 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 649445AC7's bond expected returns. We can calculate the autocorrelation of 649445AC7 returns to help us make a trade decision. For example, suppose you find that 649445AC7 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 |
649445AC7 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 649445AC7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 649445AC7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 649445AC7 bond over time.
Current vs Lagged Prices |
| Timeline |
649445AC7 Lagged Returns
When evaluating 649445AC7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 649445AC7 bond have on its future price. 649445AC7 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, 649445AC7 autocorrelation shows the relationship between 649445AC7 bond current value and its past values and can show if there is a momentum factor associated with investing in New York Community.
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 649445AC7 Bond
649445AC7 financial ratios help investors to determine whether 649445AC7 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 649445AC7 with respect to the benefits of owning 649445AC7 security.