PCAR 2 04 FEB 27 Market Value
| 69371RR65 | 91.79 0.00 0.00% |
| Symbol | 69371RR65 |
Please note, there is a significant difference between 69371RR65's value and its price as these two are different measures arrived at by different means. Investors typically determine if 69371RR65 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 69371RR65'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.
69371RR65 '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 69371RR65'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 69371RR65.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 69371RR65 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding PCAR 2 04 FEB 27 or generate 0.0% return on investment in 69371RR65 over 30 days. 69371RR65 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
69371RR65 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 69371RR65'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 PCAR 2 04 FEB 27 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.5605 |
69371RR65 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 69371RR65's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 69371RR65's standard deviation. In reality, there are many statistical measures that can use 69371RR65 historical prices to predict the future 69371RR65's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.076 |
PCAR 2 04 Backtested Returns
PCAR 2 04 retains Efficiency (Sharpe Ratio) of -0.0667, which signifies that the bond had a -0.0667% return per unit of price deviation over the last 3 months. 69371RR65 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 69371RR65's information ratio of (0.09), and Market Risk Adjusted Performance of 0.086 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 69371RR65 are expected to decrease at a much lower rate. During the bear market, 69371RR65 is likely to outperform the market.
Auto-correlation | -0.35 |
Poor reverse predictability
PCAR 2 04 FEB 27 has poor reverse predictability. Overlapping area represents the amount of predictability between 69371RR65 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 PCAR 2 04 price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current 69371RR65 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
PCAR 2 04 lagged returns against current returns
Autocorrelation, which is 69371RR65 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 69371RR65's bond expected returns. We can calculate the autocorrelation of 69371RR65 returns to help us make a trade decision. For example, suppose you find that 69371RR65 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 |
69371RR65 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 69371RR65 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 69371RR65 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 69371RR65 bond over time.
Current vs Lagged Prices |
| Timeline |
69371RR65 Lagged Returns
When evaluating 69371RR65's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 69371RR65 bond have on its future price. 69371RR65 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, 69371RR65 autocorrelation shows the relationship between 69371RR65 bond current value and its past values and can show if there is a momentum factor associated with investing in PCAR 2 04 FEB 27.
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 69371RR65 Bond
69371RR65 financial ratios help investors to determine whether 69371RR65 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 69371RR65 with respect to the benefits of owning 69371RR65 security.