PPL ELEC UTILS Market Value
| 69351UAU7 | 81.66 1.38 1.72% |
| Symbol | 69351UAU7 |
Please note, there is a significant difference between 69351UAU7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 69351UAU7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 69351UAU7'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.
69351UAU7 '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 69351UAU7'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 69351UAU7.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in 69351UAU7 on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding PPL ELEC UTILS or generate 0.0% return on investment in 69351UAU7 over 90 days. 69351UAU7 is related to or competes with ICC Holdings, NI Holdings, GoHealth, Hanover Insurance, Marti Technologies, Old Republic, and Nuvalent. More
69351UAU7 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 69351UAU7'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 PPL ELEC UTILS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.62 |
69351UAU7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 69351UAU7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 69351UAU7's standard deviation. In reality, there are many statistical measures that can use 69351UAU7 historical prices to predict the future 69351UAU7's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0295 |
PPL ELEC UTILS Backtested Returns
PPL ELEC UTILS secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of risk over the last 3 months. PPL ELEC UTILS exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 69351UAU7's Mean Deviation of 0.9763, market risk adjusted performance of 0.0395, and Coefficient Of Variation of 7391.01 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 69351UAU7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 69351UAU7 is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
PPL ELEC UTILS has poor reverse predictability. Overlapping area represents the amount of predictability between 69351UAU7 time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th 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 PPL ELEC UTILS price movement. The serial correlation of -0.37 indicates that just about 37.0% of current 69351UAU7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
PPL ELEC UTILS lagged returns against current returns
Autocorrelation, which is 69351UAU7 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 69351UAU7's bond expected returns. We can calculate the autocorrelation of 69351UAU7 returns to help us make a trade decision. For example, suppose you find that 69351UAU7 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 |
69351UAU7 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 69351UAU7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 69351UAU7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 69351UAU7 bond over time.
Current vs Lagged Prices |
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69351UAU7 Lagged Returns
When evaluating 69351UAU7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 69351UAU7 bond have on its future price. 69351UAU7 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, 69351UAU7 autocorrelation shows the relationship between 69351UAU7 bond current value and its past values and can show if there is a momentum factor associated with investing in PPL ELEC UTILS.
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 69351UAU7 Bond
69351UAU7 financial ratios help investors to determine whether 69351UAU7 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 69351UAU7 with respect to the benefits of owning 69351UAU7 security.