ES 195 15 AUG 31 Market Value
| 67021CAR8 | 78.17 6.22 7.37% |
| Symbol | 67021CAR8 |
Please note, there is a significant difference between 67021CAR8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 67021CAR8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 67021CAR8'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.
67021CAR8 '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 67021CAR8'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 67021CAR8.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in 67021CAR8 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ES 195 15 AUG 31 or generate 0.0% return on investment in 67021CAR8 over 180 days. 67021CAR8 is related to or competes with National Beverage, Boston Beer, Titan Machinery, Fast Retailing, Tradeweb Markets, Molson Coors, and Kite Realty. More
67021CAR8 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 67021CAR8'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 ES 195 15 AUG 31 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.6 |
67021CAR8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67021CAR8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67021CAR8's standard deviation. In reality, there are many statistical measures that can use 67021CAR8 historical prices to predict the future 67021CAR8's volatility.| Risk Adjusted Performance | 0.029 | |||
| Jensen Alpha | 0.025 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.7401 |
ES 195 15 Backtested Returns
ES 195 15 retains Efficiency (Sharpe Ratio) of -0.22, which signifies that the bond had a -0.22% return per unit of price deviation over the last 3 months. 67021CAR8 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 67021CAR8's Downside Deviation of 1.5, standard deviation of 1.21, and Market Risk Adjusted Performance of 0.7501 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0408, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 67021CAR8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 67021CAR8 is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
ES 195 15 AUG 31 has good reverse predictability. Overlapping area represents the amount of predictability between 67021CAR8 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 ES 195 15 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current 67021CAR8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
ES 195 15 lagged returns against current returns
Autocorrelation, which is 67021CAR8 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 67021CAR8's bond expected returns. We can calculate the autocorrelation of 67021CAR8 returns to help us make a trade decision. For example, suppose you find that 67021CAR8 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 |
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67021CAR8 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 67021CAR8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67021CAR8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67021CAR8 bond over time.
Current vs Lagged Prices |
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67021CAR8 Lagged Returns
When evaluating 67021CAR8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67021CAR8 bond have on its future price. 67021CAR8 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, 67021CAR8 autocorrelation shows the relationship between 67021CAR8 bond current value and its past values and can show if there is a momentum factor associated with investing in ES 195 15 AUG 31.
Regressed Prices |
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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 67021CAR8 Bond
67021CAR8 financial ratios help investors to determine whether 67021CAR8 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 67021CAR8 with respect to the benefits of owning 67021CAR8 security.