NUTRIEN LTD 49 Market Value
| 67077MAR9 | 90.54 0.43 0.47% |
| Symbol | 67077MAR9 |
67077MAR9 '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 67077MAR9'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 67077MAR9.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 67077MAR9 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding NUTRIEN LTD 49 or generate 0.0% return on investment in 67077MAR9 over 30 days. 67077MAR9 is related to or competes with 00108WAF7, 90331HPL1, Bank of America, Take Two, Applied Blockchain, Itron, and Meta Platforms. More
67077MAR9 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 67077MAR9'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 49 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.6 |
67077MAR9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67077MAR9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67077MAR9's standard deviation. In reality, there are many statistical measures that can use 67077MAR9 historical prices to predict the future 67077MAR9's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.83) |
NUTRIEN LTD 49 Backtested Returns
NUTRIEN LTD 49 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 49 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 67077MAR9's mean deviation of 0.8294, and Downside Deviation of 1.21 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0041, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 67077MAR9 are expected to decrease at a much lower rate. During the bear market, 67077MAR9 is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
NUTRIEN LTD 49 has modest predictability. Overlapping area represents the amount of predictability between 67077MAR9 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 49 price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current 67077MAR9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
NUTRIEN LTD 49 lagged returns against current returns
Autocorrelation, which is 67077MAR9 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 67077MAR9's bond expected returns. We can calculate the autocorrelation of 67077MAR9 returns to help us make a trade decision. For example, suppose you find that 67077MAR9 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 |
67077MAR9 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 67077MAR9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67077MAR9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67077MAR9 bond over time.
Current vs Lagged Prices |
| Timeline |
67077MAR9 Lagged Returns
When evaluating 67077MAR9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67077MAR9 bond have on its future price. 67077MAR9 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, 67077MAR9 autocorrelation shows the relationship between 67077MAR9 bond current value and its past values and can show if there is a momentum factor associated with investing in NUTRIEN LTD 49.
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 67077MAR9 Bond
67077MAR9 financial ratios help investors to determine whether 67077MAR9 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 67077MAR9 with respect to the benefits of owning 67077MAR9 security.