PNC BK N Market Value
| 69353RFG8 | 92.95 3.24 3.37% |
| Symbol | 69353RFG8 |
69353RFG8 '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 69353RFG8'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 69353RFG8.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in 69353RFG8 on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding PNC BK N or generate 0.0% return on investment in 69353RFG8 over 540 days. 69353RFG8 is related to or competes with Centessa Pharmaceuticals, Apogee Therapeutics,, Tscan Therapeutics, Catalyst Pharmaceuticals, Joint Corp, and Cumberland Pharmaceuticals. More
69353RFG8 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 69353RFG8'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 BK N upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4666 |
69353RFG8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 69353RFG8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 69353RFG8's standard deviation. In reality, there are many statistical measures that can use 69353RFG8 historical prices to predict the future 69353RFG8's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (2.14) |
69353RFG8 Backtested Returns
69353RFG8 retains Efficiency (Sharpe Ratio) of -0.0634, which signifies that the bond had a -0.0634% return per unit of price deviation over the last 3 months. 69353RFG8 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 69353RFG8's market risk adjusted performance of (2.13), and Information Ratio of (0.31) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0211, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 69353RFG8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 69353RFG8 is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
PNC BK N has modest predictability. Overlapping area represents the amount of predictability between 69353RFG8 time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 69353RFG8 price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current 69353RFG8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
69353RFG8 lagged returns against current returns
Autocorrelation, which is 69353RFG8 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 69353RFG8's bond expected returns. We can calculate the autocorrelation of 69353RFG8 returns to help us make a trade decision. For example, suppose you find that 69353RFG8 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 |
69353RFG8 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 69353RFG8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 69353RFG8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 69353RFG8 bond over time.
Current vs Lagged Prices |
| Timeline |
69353RFG8 Lagged Returns
When evaluating 69353RFG8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 69353RFG8 bond have on its future price. 69353RFG8 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, 69353RFG8 autocorrelation shows the relationship between 69353RFG8 bond current value and its past values and can show if there is a momentum factor associated with investing in PNC BK N.
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 69353RFG8 Bond
69353RFG8 financial ratios help investors to determine whether 69353RFG8 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 69353RFG8 with respect to the benefits of owning 69353RFG8 security.