ONCOR ELEC DELIVERY Market Value
| 68233JBH6 | 94.92 1.84 1.90% |
| Symbol | ONCOR |
ONCOR '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 ONCOR'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 ONCOR.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ONCOR on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ONCOR ELEC DELIVERY or generate 0.0% return on investment in ONCOR over 30 days. ONCOR is related to or competes with 00108WAF7, 90331HPL1, International Business, Intel, Home Depot, Verizon Communications, and Boeing. More
ONCOR 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 ONCOR'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 ONCOR ELEC DELIVERY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.52 |
ONCOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ONCOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ONCOR's standard deviation. In reality, there are many statistical measures that can use ONCOR historical prices to predict the future ONCOR's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.761 |
ONCOR ELEC DELIVERY Backtested Returns
ONCOR ELEC DELIVERY retains Efficiency (Sharpe Ratio) of -0.13, which implies the entity had a -0.13% return per unit of risk over the last 3 months. ONCOR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ONCOR's coefficient of variation of (2,614), and Market Risk Adjusted Performance of 0.771 to confirm the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0742, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ONCOR are expected to decrease at a much lower rate. During the bear market, ONCOR is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
ONCOR ELEC DELIVERY has below average predictability. Overlapping area represents the amount of predictability between ONCOR time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 ONCOR ELEC DELIVERY price movement. The serial correlation of 0.36 indicates that just about 36.0% of current ONCOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
ONCOR ELEC DELIVERY lagged returns against current returns
Autocorrelation, which is ONCOR 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 ONCOR's bond expected returns. We can calculate the autocorrelation of ONCOR returns to help us make a trade decision. For example, suppose you find that ONCOR 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 |
ONCOR 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 ONCOR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ONCOR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ONCOR bond over time.
Current vs Lagged Prices |
| Timeline |
ONCOR Lagged Returns
When evaluating ONCOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ONCOR bond have on its future price. ONCOR 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, ONCOR autocorrelation shows the relationship between ONCOR bond current value and its past values and can show if there is a momentum factor associated with investing in ONCOR ELEC DELIVERY.
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 ONCOR Bond
ONCOR financial ratios help investors to determine whether ONCOR 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 ONCOR with respect to the benefits of owning ONCOR security.