PNC 5068 24 JAN 34 Market Value
| 693475BM6 | 96.54 1.77 1.80% |
| Symbol | 693475BM6 |
Please note, there is a significant difference between 693475BM6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 693475BM6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 693475BM6's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
693475BM6 '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 693475BM6'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 693475BM6.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 693475BM6 on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding PNC 5068 24 JAN 34 or generate 0.0% return on investment in 693475BM6 over 60 days. 693475BM6 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
693475BM6 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 693475BM6'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 PNC 5068 24 JAN 34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.84 |
693475BM6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 693475BM6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 693475BM6's standard deviation. In reality, there are many statistical measures that can use 693475BM6 historical prices to predict the future 693475BM6's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.15) |
PNC 5068 24 Backtested Returns
PNC 5068 24 retains Efficiency (Sharpe Ratio) of -0.15, which signifies that the bond had a -0.15% return per unit of price deviation over the last 3 months. 693475BM6 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 693475BM6's information ratio of (0.08), and Market Risk Adjusted Performance of (0.14) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 693475BM6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 693475BM6 is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
PNC 5068 24 JAN 34 has below average predictability. Overlapping area represents the amount of predictability between 693475BM6 time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 PNC 5068 24 price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current 693475BM6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6.39 |
PNC 5068 24 lagged returns against current returns
Autocorrelation, which is 693475BM6 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 693475BM6's bond expected returns. We can calculate the autocorrelation of 693475BM6 returns to help us make a trade decision. For example, suppose you find that 693475BM6 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 |
693475BM6 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 693475BM6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 693475BM6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 693475BM6 bond over time.
Current vs Lagged Prices |
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693475BM6 Lagged Returns
When evaluating 693475BM6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 693475BM6 bond have on its future price. 693475BM6 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, 693475BM6 autocorrelation shows the relationship between 693475BM6 bond current value and its past values and can show if there is a momentum factor associated with investing in PNC 5068 24 JAN 34.
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 693475BM6 Bond
693475BM6 financial ratios help investors to determine whether 693475BM6 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 693475BM6 with respect to the benefits of owning 693475BM6 security.