OTIS WORLDWIDE P Market Value
| 68902VAL1 | 68.71 9.64 12.30% |
| Symbol | 68902VAL1 |
68902VAL1 '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 68902VAL1'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 68902VAL1.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in 68902VAL1 on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding OTIS WORLDWIDE P or generate 0.0% return on investment in 68902VAL1 over 540 days. 68902VAL1 is related to or competes with PennantPark Investment, Reservoir Media, Guangdong Investment, Neogen, Cumberland Pharmaceuticals, Teleflex Incorporated, and Fidus Investment. More
68902VAL1 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 68902VAL1'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 OTIS WORLDWIDE P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9483 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.88 |
68902VAL1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 68902VAL1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 68902VAL1's standard deviation. In reality, there are many statistical measures that can use 68902VAL1 historical prices to predict the future 68902VAL1's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0613 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.12) |
OTIS WORLDWIDE P Backtested Returns
At this point, 68902VAL1 is very steady. OTIS WORLDWIDE P secures Sharpe Ratio (or Efficiency) of 0.043, which signifies that the bond had a 0.043% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for OTIS WORLDWIDE P, which you can use to evaluate the volatility of the entity. Please confirm 68902VAL1's Standard Deviation of 0.9098, market risk adjusted performance of (0.11), and Mean Deviation of 0.6773 to double-check if the risk estimate we provide is consistent with the expected return of 0.0392%. The bond shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 68902VAL1 are expected to decrease at a much lower rate. During the bear market, 68902VAL1 is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
OTIS WORLDWIDE P has poor predictability. Overlapping area represents the amount of predictability between 68902VAL1 time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 OTIS WORLDWIDE P price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current 68902VAL1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 4.82 |
OTIS WORLDWIDE P lagged returns against current returns
Autocorrelation, which is 68902VAL1 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 68902VAL1's bond expected returns. We can calculate the autocorrelation of 68902VAL1 returns to help us make a trade decision. For example, suppose you find that 68902VAL1 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 |
68902VAL1 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 68902VAL1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 68902VAL1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 68902VAL1 bond over time.
Current vs Lagged Prices |
| Timeline |
68902VAL1 Lagged Returns
When evaluating 68902VAL1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 68902VAL1 bond have on its future price. 68902VAL1 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, 68902VAL1 autocorrelation shows the relationship between 68902VAL1 bond current value and its past values and can show if there is a momentum factor associated with investing in OTIS WORLDWIDE P.
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 68902VAL1 Bond
68902VAL1 financial ratios help investors to determine whether 68902VAL1 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 68902VAL1 with respect to the benefits of owning 68902VAL1 security.