Nova Chemicals 525 Market Value
| 66977WAR0 | 94.00 4.44 4.51% |
| Symbol | 66977WAR0 |
66977WAR0 '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 66977WAR0'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 66977WAR0.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in 66977WAR0 on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Chemicals 525 or generate 0.0% return on investment in 66977WAR0 over 180 days. 66977WAR0 is related to or competes with Skillz Platform, Nasdaq, Games Workshop, Encore Capital, PennantPark Floating, Hochschild Mining, and Bankwell Financial. NOVA Chemicals is a leading producer of plastics and chemicals. More
66977WAR0 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 66977WAR0'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 Nova Chemicals 525 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 0.5879 |
66977WAR0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 66977WAR0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 66977WAR0's standard deviation. In reality, there are many statistical measures that can use 66977WAR0 historical prices to predict the future 66977WAR0's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (15.22) |
Nova Chemicals 525 Backtested Returns
At this point, 66977WAR0 is very steady. Nova Chemicals 525 secures Sharpe Ratio (or Efficiency) of 0.0227, which signifies that the bond had a 0.0227 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nova Chemicals 525, which you can use to evaluate the volatility of the entity. Please confirm 66977WAR0's variance of 2.2, and Mean Deviation of 0.6335 to double-check if the risk estimate we provide is consistent with the expected return of 0.0217%. The bond shows a Beta (market volatility) of 0.0041, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 66977WAR0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 66977WAR0 is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Nova Chemicals 525 has very weak predictability. Overlapping area represents the amount of predictability between 66977WAR0 time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nova Chemicals 525 price movement. The serial correlation of 0.18 indicates that over 18.0% of current 66977WAR0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Nova Chemicals 525 lagged returns against current returns
Autocorrelation, which is 66977WAR0 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 66977WAR0's bond expected returns. We can calculate the autocorrelation of 66977WAR0 returns to help us make a trade decision. For example, suppose you find that 66977WAR0 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 |
66977WAR0 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 66977WAR0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 66977WAR0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 66977WAR0 bond over time.
Current vs Lagged Prices |
| Timeline |
66977WAR0 Lagged Returns
When evaluating 66977WAR0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 66977WAR0 bond have on its future price. 66977WAR0 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, 66977WAR0 autocorrelation shows the relationship between 66977WAR0 bond current value and its past values and can show if there is a momentum factor associated with investing in Nova Chemicals 525.
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 66977WAR0 Bond
66977WAR0 financial ratios help investors to determine whether 66977WAR0 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 66977WAR0 with respect to the benefits of owning 66977WAR0 security.