NUTRIEN LTD 4125 Market Value
| 67077MAN8 | 89.56 0.00 0.00% |
| Symbol | 67077MAN8 |
67077MAN8 '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 67077MAN8'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 67077MAN8.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in 67077MAN8 on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding NUTRIEN LTD 4125 or generate 0.0% return on investment in 67077MAN8 over 360 days. 67077MAN8 is related to or competes with Zhihu, Cadence Design, Viemed Healthcare, Aquestive Therapeutics, Merit Medical, Tandem Diabetes, and Joint Corp. More
67077MAN8 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 67077MAN8'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 NUTRIEN LTD 4125 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.44 |
67077MAN8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67077MAN8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67077MAN8's standard deviation. In reality, there are many statistical measures that can use 67077MAN8 historical prices to predict the future 67077MAN8's volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0791 |
NUTRIEN LTD 4125 Backtested Returns
NUTRIEN LTD 4125 secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of return volatility over the last 3 months. NUTRIEN LTD 4125 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 67077MAN8's mean deviation of 0.6841, and Downside Deviation of 1.07 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0332, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 67077MAN8 are expected to decrease at a much lower rate. During the bear market, 67077MAN8 is likely to outperform the market.
Auto-correlation | -0.47 |
Modest reverse predictability
NUTRIEN LTD 4125 has modest reverse predictability. Overlapping area represents the amount of predictability between 67077MAN8 time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 NUTRIEN LTD 4125 price movement. The serial correlation of -0.47 indicates that about 47.0% of current 67077MAN8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4.01 |
NUTRIEN LTD 4125 lagged returns against current returns
Autocorrelation, which is 67077MAN8 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 67077MAN8's bond expected returns. We can calculate the autocorrelation of 67077MAN8 returns to help us make a trade decision. For example, suppose you find that 67077MAN8 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 |
67077MAN8 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 67077MAN8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67077MAN8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67077MAN8 bond over time.
Current vs Lagged Prices |
| Timeline |
67077MAN8 Lagged Returns
When evaluating 67077MAN8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67077MAN8 bond have on its future price. 67077MAN8 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, 67077MAN8 autocorrelation shows the relationship between 67077MAN8 bond current value and its past values and can show if there is a momentum factor associated with investing in NUTRIEN LTD 4125.
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 67077MAN8 Bond
67077MAN8 financial ratios help investors to determine whether 67077MAN8 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 67077MAN8 with respect to the benefits of owning 67077MAN8 security.