PLNIJ 3875 17 JUL 29 Market Value
| 71568QAJ6 | 90.95 0.00 0.00% |
| Symbol | PLNIJ |
Please note, there is a significant difference between PLNIJ's value and its price as these two are different measures arrived at by different means. Investors typically determine if PLNIJ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PLNIJ'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.
PLNIJ '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 PLNIJ'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 PLNIJ.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in PLNIJ on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding PLNIJ 3875 17 JUL 29 or generate 0.0% return on investment in PLNIJ over 720 days. PLNIJ is related to or competes with CF Industries, Luxfer Holdings, Ecolab, Mosaic, BBB Foods, Hf Foods, and Where Food. More
PLNIJ 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 PLNIJ'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 PLNIJ 3875 17 JUL 29 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.92 |
PLNIJ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLNIJ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLNIJ's standard deviation. In reality, there are many statistical measures that can use PLNIJ historical prices to predict the future PLNIJ's volatility.| Risk Adjusted Performance | 0.0381 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5925 |
PLNIJ 3875 17 Backtested Returns
PLNIJ 3875 17 maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of volatility over the last 3 months. PLNIJ 3875 17 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PLNIJ's semi deviation of 1.69, and Risk Adjusted Performance of 0.0381 to confirm the risk estimate we provide. The bond holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, PLNIJ's returns are expected to increase less than the market. However, during the bear market, the loss of holding PLNIJ is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
PLNIJ 3875 17 JUL 29 has modest reverse predictability. Overlapping area represents the amount of predictability between PLNIJ time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 PLNIJ 3875 17 price movement. The serial correlation of -0.42 indicates that just about 42.0% of current PLNIJ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 |
PLNIJ 3875 17 lagged returns against current returns
Autocorrelation, which is PLNIJ 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 PLNIJ's bond expected returns. We can calculate the autocorrelation of PLNIJ returns to help us make a trade decision. For example, suppose you find that PLNIJ 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 |
PLNIJ 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 PLNIJ bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLNIJ bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLNIJ bond over time.
Current vs Lagged Prices |
| Timeline |
PLNIJ Lagged Returns
When evaluating PLNIJ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLNIJ bond have on its future price. PLNIJ 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, PLNIJ autocorrelation shows the relationship between PLNIJ bond current value and its past values and can show if there is a momentum factor associated with investing in PLNIJ 3875 17 JUL 29.
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 PLNIJ Bond
PLNIJ financial ratios help investors to determine whether PLNIJ 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 PLNIJ with respect to the benefits of owning PLNIJ security.