US70082LAB36 Market Value
| 70082LAB3 | 85.38 4.09 4.57% |
| Symbol | 70082LAB3 |
70082LAB3 '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 70082LAB3'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 70082LAB3.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in 70082LAB3 on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding US70082LAB36 or generate 0.0% return on investment in 70082LAB3 over 720 days. 70082LAB3 is related to or competes with WEC Energy, Inflection Point, Pure Cycle, Western Acquisition, Summit Materials, Antero Midstream, and Fluence Energy. More
70082LAB3 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 70082LAB3'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 US70082LAB36 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 24.27 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.75 |
70082LAB3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 70082LAB3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 70082LAB3's standard deviation. In reality, there are many statistical measures that can use 70082LAB3 historical prices to predict the future 70082LAB3's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 1.55 |
US70082LAB36 Backtested Returns
At this point, 70082LAB3 is very steady. US70082LAB36 retains Efficiency (Sharpe Ratio) of 0.0375, which signifies that the bond had a 0.0375% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 70082LAB3, which you can use to evaluate the volatility of the entity. Please confirm 70082LAB3's Semi Deviation of 2.18, coefficient of variation of 5777.29, and Risk Adjusted Performance of 0.02 to double-check if the risk estimate we provide is consistent with the expected return of 0.0409%. The bond owns a Beta (Systematic Risk) of 0.0197, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 70082LAB3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 70082LAB3 is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
US70082LAB36 has poor reverse predictability. Overlapping area represents the amount of predictability between 70082LAB3 time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 US70082LAB36 price movement. The serial correlation of -0.37 indicates that just about 37.0% of current 70082LAB3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 8.05 |
US70082LAB36 lagged returns against current returns
Autocorrelation, which is 70082LAB3 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 70082LAB3's bond expected returns. We can calculate the autocorrelation of 70082LAB3 returns to help us make a trade decision. For example, suppose you find that 70082LAB3 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 |
70082LAB3 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 70082LAB3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 70082LAB3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 70082LAB3 bond over time.
Current vs Lagged Prices |
| Timeline |
70082LAB3 Lagged Returns
When evaluating 70082LAB3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 70082LAB3 bond have on its future price. 70082LAB3 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, 70082LAB3 autocorrelation shows the relationship between 70082LAB3 bond current value and its past values and can show if there is a momentum factor associated with investing in US70082LAB36.
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 70082LAB3 Bond
70082LAB3 financial ratios help investors to determine whether 70082LAB3 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 70082LAB3 with respect to the benefits of owning 70082LAB3 security.