NDASS 6625 Market Value
| 65559CAA9 | 100.63 0.00 0.00% |
| Symbol | NDASS |
Please note, there is a significant difference between NDASS's value and its price as these two are different measures arrived at by different means. Investors typically determine if NDASS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NDASS'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.
NDASS '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 NDASS'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 NDASS.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in NDASS on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding NDASS 6625 or generate 0.0% return on investment in NDASS over 180 days. NDASS is related to or competes with Dana, SNDL, Wabash National, Tesla, Li Auto, Rivian Automotive, and AMCON Distributing. More
NDASS 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 NDASS'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 NDASS 6625 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8857 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.93 |
NDASS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NDASS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NDASS's standard deviation. In reality, there are many statistical measures that can use NDASS historical prices to predict the future NDASS's volatility.| Risk Adjusted Performance | 0.0395 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.2375 |
NDASS 6625 Backtested Returns
At this point, NDASS is very steady. NDASS 6625 retains Efficiency (Sharpe Ratio) of 0.0818, which conveys that the entity had a 0.0818% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for NDASS, which you can use to evaluate the volatility of the bond. Please verify NDASS's Downside Deviation of 0.8857, market risk adjusted performance of 0.2475, and Mean Deviation of 0.5925 to check out if the risk estimate we provide is consistent with the expected return of 0.0196%. The bond owns a Beta (Systematic Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NDASS's returns are expected to increase less than the market. However, during the bear market, the loss of holding NDASS is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
NDASS 6625 has below average predictability. Overlapping area represents the amount of predictability between NDASS time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 NDASS 6625 price movement. The serial correlation of 0.37 indicates that just about 37.0% of current NDASS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
NDASS 6625 lagged returns against current returns
Autocorrelation, which is NDASS 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 NDASS's bond expected returns. We can calculate the autocorrelation of NDASS returns to help us make a trade decision. For example, suppose you find that NDASS 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 |
NDASS 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 NDASS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NDASS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NDASS bond over time.
Current vs Lagged Prices |
| Timeline |
NDASS Lagged Returns
When evaluating NDASS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NDASS bond have on its future price. NDASS 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, NDASS autocorrelation shows the relationship between NDASS bond current value and its past values and can show if there is a momentum factor associated with investing in NDASS 6625.
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 NDASS Bond
NDASS financial ratios help investors to determine whether NDASS 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 NDASS with respect to the benefits of owning NDASS security.