PRAA 8375 01 FEB 28 Market Value
69354NAE6 | 103.46 0.08 0.08% |
Symbol | 69354NAE6 |
Please note, there is a significant difference between 69354NAE6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 69354NAE6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 69354NAE6'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.
69354NAE6 '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 69354NAE6'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 69354NAE6.
01/29/2025 |
| 02/28/2025 |
If you would invest 0.00 in 69354NAE6 on January 29, 2025 and sell it all today you would earn a total of 0.00 from holding PRAA 8375 01 FEB 28 or generate 0.0% return on investment in 69354NAE6 over 30 days. 69354NAE6 is related to or competes with Stagwell, Entravision Communications, National CineMedia, Lincoln Electric, Nyxoah, and Envista Holdings. More
69354NAE6 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 69354NAE6'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 PRAA 8375 01 FEB 28 upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.2814 | |||
Information Ratio | 0.0965 | |||
Maximum Drawdown | 1.73 | |||
Value At Risk | (0.44) | |||
Potential Upside | 0.3428 |
69354NAE6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 69354NAE6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 69354NAE6's standard deviation. In reality, there are many statistical measures that can use 69354NAE6 historical prices to predict the future 69354NAE6's volatility.Risk Adjusted Performance | 0.0024 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | 0.0082 | |||
Sortino Ratio | 0.094 | |||
Treynor Ratio | 0.0591 |
PRAA 8375 01 Backtested Returns
At this point, 69354NAE6 is very steady. PRAA 8375 01 retains Efficiency (Sharpe Ratio) of close to zero, which signifies that the bond had a close to zero % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 69354NAE6, which you can use to evaluate the volatility of the entity. Please confirm 69354NAE6's standard deviation of 0.2743, and Market Risk Adjusted Performance of 0.0691 to double-check if the risk estimate we provide is consistent with the expected return of 3.0E-4%. The bond owns a Beta (Systematic Risk) of -0.0487, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 69354NAE6 are expected to decrease at a much lower rate. During the bear market, 69354NAE6 is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
PRAA 8375 01 FEB 28 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 69354NAE6 time series from 29th of January 2025 to 13th of February 2025 and 13th of February 2025 to 28th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PRAA 8375 01 price movement. The serial correlation of -0.2 indicates that over 20.0% of current 69354NAE6 price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.2 | |
Spearman Rank Test | -0.23 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
PRAA 8375 01 lagged returns against current returns
Autocorrelation, which is 69354NAE6 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 69354NAE6's bond expected returns. We can calculate the autocorrelation of 69354NAE6 returns to help us make a trade decision. For example, suppose you find that 69354NAE6 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 |
69354NAE6 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 69354NAE6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 69354NAE6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 69354NAE6 bond over time.
Current vs Lagged Prices |
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69354NAE6 Lagged Returns
When evaluating 69354NAE6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 69354NAE6 bond have on its future price. 69354NAE6 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, 69354NAE6 autocorrelation shows the relationship between 69354NAE6 bond current value and its past values and can show if there is a momentum factor associated with investing in PRAA 8375 01 FEB 28.
Regressed Prices |
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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 69354NAE6 Bond
69354NAE6 financial ratios help investors to determine whether 69354NAE6 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 69354NAE6 with respect to the benefits of owning 69354NAE6 security.