NORTHWEST PIPELINE LLC Market Value
| 66775VAB1 | 96.39 1.91 1.94% |
| Symbol | NORTHWEST |
NORTHWEST '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 NORTHWEST'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 NORTHWEST.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in NORTHWEST on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding NORTHWEST PIPELINE LLC or generate 0.0% return on investment in NORTHWEST over 330 days. NORTHWEST is related to or competes with Nike, Mesa Air, Kontoor Brands, Citi Trends, Saia, Figs, and Proficient Auto. More
NORTHWEST 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 NORTHWEST'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 NORTHWEST PIPELINE LLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 2.29 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.3747 |
NORTHWEST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHWEST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTHWEST's standard deviation. In reality, there are many statistical measures that can use NORTHWEST historical prices to predict the future NORTHWEST's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.37) |
NORTHWEST PIPELINE LLC Backtested Returns
NORTHWEST PIPELINE LLC has Sharpe Ratio of -0.0767, which conveys that the entity had a -0.0767% return per unit of standard deviation over the last 3 months. NORTHWEST exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORTHWEST's Risk Adjusted Performance of (0.07), market risk adjusted performance of (0.36), and Mean Deviation of 0.2671 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORTHWEST's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORTHWEST is expected to be smaller as well.
Auto-correlation | -0.55 |
Good reverse predictability
NORTHWEST PIPELINE LLC has good reverse predictability. Overlapping area represents the amount of predictability between NORTHWEST time series from 7th of January 2024 to 20th of June 2024 and 20th of June 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 NORTHWEST PIPELINE LLC price movement. The serial correlation of -0.55 indicates that about 55.0% of current NORTHWEST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
NORTHWEST PIPELINE LLC lagged returns against current returns
Autocorrelation, which is NORTHWEST 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 NORTHWEST's bond expected returns. We can calculate the autocorrelation of NORTHWEST returns to help us make a trade decision. For example, suppose you find that NORTHWEST 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 |
NORTHWEST 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 NORTHWEST bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTHWEST bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTHWEST bond over time.
Current vs Lagged Prices |
| Timeline |
NORTHWEST Lagged Returns
When evaluating NORTHWEST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTHWEST bond have on its future price. NORTHWEST 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, NORTHWEST autocorrelation shows the relationship between NORTHWEST bond current value and its past values and can show if there is a momentum factor associated with investing in NORTHWEST PIPELINE LLC.
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 NORTHWEST Bond
NORTHWEST financial ratios help investors to determine whether NORTHWEST 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 NORTHWEST with respect to the benefits of owning NORTHWEST security.