ES 455 01 JUN 52 Market Value
| 67021CAS6 | 90.90 4.32 4.99% |
| Symbol | 67021CAS6 |
Please note, there is a significant difference between 67021CAS6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 67021CAS6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 67021CAS6'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.
67021CAS6 '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 67021CAS6'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 67021CAS6.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in 67021CAS6 on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding ES 455 01 JUN 52 or generate 0.0% return on investment in 67021CAS6 over 720 days. 67021CAS6 is related to or competes with HE Equipment, Grocery Outlet, Alta Equipment, Herc Holdings, Custom Truck, and Capital Clean. More
67021CAS6 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 67021CAS6'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 455 01 JUN 52 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.8 |
67021CAS6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67021CAS6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67021CAS6's standard deviation. In reality, there are many statistical measures that can use 67021CAS6 historical prices to predict the future 67021CAS6's volatility.| Risk Adjusted Performance | 0.0544 | |||
| Jensen Alpha | 0.0637 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3083 |
ES 455 01 Backtested Returns
At this point, 67021CAS6 is very steady. ES 455 01 retains Efficiency (Sharpe Ratio) of 0.0639, which signifies that the bond had a 0.0639% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 67021CAS6, which you can use to evaluate the volatility of the entity. Please confirm 67021CAS6's Market Risk Adjusted Performance of 0.3183, standard deviation of 1.81, and Downside Deviation of 1.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The bond owns a Beta (Systematic Risk) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 67021CAS6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 67021CAS6 is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
ES 455 01 JUN 52 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 67021CAS6 time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 ES 455 01 price movement. The serial correlation of -0.17 indicates that over 17.0% of current 67021CAS6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 7.87 |
ES 455 01 lagged returns against current returns
Autocorrelation, which is 67021CAS6 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 67021CAS6's bond expected returns. We can calculate the autocorrelation of 67021CAS6 returns to help us make a trade decision. For example, suppose you find that 67021CAS6 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 |
67021CAS6 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 67021CAS6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67021CAS6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67021CAS6 bond over time.
Current vs Lagged Prices |
| Timeline |
67021CAS6 Lagged Returns
When evaluating 67021CAS6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67021CAS6 bond have on its future price. 67021CAS6 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, 67021CAS6 autocorrelation shows the relationship between 67021CAS6 bond current value and its past values and can show if there is a momentum factor associated with investing in ES 455 01 JUN 52.
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 67021CAS6 Bond
67021CAS6 financial ratios help investors to determine whether 67021CAS6 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 67021CAS6 with respect to the benefits of owning 67021CAS6 security.