NUSTAR LOGISTICS L Market Value
| 67059TAH8 | 102.66 0.92 0.90% |
| Symbol | NUSTAR |
NUSTAR '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 NUSTAR'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 NUSTAR.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in NUSTAR on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding NUSTAR LOGISTICS L or generate 0.0% return on investment in NUSTAR over 30 days. NUSTAR is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
NUSTAR 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 NUSTAR'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 NUSTAR LOGISTICS L upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.13 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 0.6474 |
NUSTAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NUSTAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NUSTAR's standard deviation. In reality, there are many statistical measures that can use NUSTAR historical prices to predict the future NUSTAR's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 5.82 |
NUSTAR LOGISTICS L Backtested Returns
NUSTAR LOGISTICS L has Sharpe Ratio of -0.15, which conveys that the entity had a -0.15% return per unit of standard deviation over the last 3 months. NUSTAR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NUSTAR's Risk Adjusted Performance of (0.05), mean deviation of 0.8093, and Market Risk Adjusted Performance of 5.83 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0251, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NUSTAR are expected to decrease at a much lower rate. During the bear market, NUSTAR is likely to outperform the market.
Auto-correlation | 0.22 |
Weak predictability
NUSTAR LOGISTICS L has weak predictability. Overlapping area represents the amount of predictability between NUSTAR time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 NUSTAR LOGISTICS L price movement. The serial correlation of 0.22 indicates that over 22.0% of current NUSTAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
NUSTAR LOGISTICS L lagged returns against current returns
Autocorrelation, which is NUSTAR 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 NUSTAR's bond expected returns. We can calculate the autocorrelation of NUSTAR returns to help us make a trade decision. For example, suppose you find that NUSTAR 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 |
NUSTAR 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 NUSTAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NUSTAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NUSTAR bond over time.
Current vs Lagged Prices |
| Timeline |
NUSTAR Lagged Returns
When evaluating NUSTAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NUSTAR bond have on its future price. NUSTAR 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, NUSTAR autocorrelation shows the relationship between NUSTAR bond current value and its past values and can show if there is a momentum factor associated with investing in NUSTAR LOGISTICS L.
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 NUSTAR Bond
NUSTAR financial ratios help investors to determine whether NUSTAR 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 NUSTAR with respect to the benefits of owning NUSTAR security.