NSTAR Electric Co Market Value
| 67021CAN7 | 90.28 3.84 4.08% |
| Symbol | NSTAR |
NSTAR '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 NSTAR'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 NSTAR.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in NSTAR on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding NSTAR Electric Co or generate 0.0% return on investment in NSTAR over 360 days. NSTAR is related to or competes with Franklin Street, Getty Realty, Cedar Realty, Titan Machinery, Lululemon Athletica, and JBG SMITH. More
NSTAR 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 NSTAR'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 NSTAR Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.4684 |
NSTAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NSTAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NSTAR's standard deviation. In reality, there are many statistical measures that can use NSTAR historical prices to predict the future NSTAR's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 2.09 |
NSTAR Electric Backtested Returns
NSTAR Electric has Sharpe Ratio of -0.17, which conveys that the entity had a -0.17% return per unit of standard deviation over the last 3 months. NSTAR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NSTAR's Risk Adjusted Performance of (0.09), market risk adjusted performance of 2.1, and Mean Deviation of 0.2957 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0329, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NSTAR are expected to decrease at a much lower rate. During the bear market, NSTAR is likely to outperform the market.
Auto-correlation | -0.03 |
Very weak reverse predictability
NSTAR Electric Co has very weak reverse predictability. Overlapping area represents the amount of predictability between NSTAR time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 NSTAR Electric price movement. The serial correlation of -0.03 indicates that only 3.0% of current NSTAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
NSTAR Electric lagged returns against current returns
Autocorrelation, which is NSTAR 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 NSTAR's bond expected returns. We can calculate the autocorrelation of NSTAR returns to help us make a trade decision. For example, suppose you find that NSTAR 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 |
NSTAR 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 NSTAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NSTAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NSTAR bond over time.
Current vs Lagged Prices |
| Timeline |
NSTAR Lagged Returns
When evaluating NSTAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NSTAR bond have on its future price. NSTAR 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, NSTAR autocorrelation shows the relationship between NSTAR bond current value and its past values and can show if there is a momentum factor associated with investing in NSTAR Electric Co.
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 NSTAR Bond
NSTAR financial ratios help investors to determine whether NSTAR 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 NSTAR with respect to the benefits of owning NSTAR security.