PHILLIPS PETE 7 Market Value
| 718507BK1 | 108.22 0.00 0.00% |
| Symbol | PHILLIPS |
PHILLIPS '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 PHILLIPS'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 PHILLIPS.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in PHILLIPS on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding PHILLIPS PETE 7 or generate 0.0% return on investment in PHILLIPS over 30 days. PHILLIPS is related to or competes with Black Hills, Hasbro, JD Sports, Emerson Radio, Playtech Plc, United Parks, and Planet Fitness. ConocoPhillips is an international integrated energy company More
PHILLIPS 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 PHILLIPS'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 PHILLIPS PETE 7 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.34 |
PHILLIPS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHILLIPS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHILLIPS's standard deviation. In reality, there are many statistical measures that can use PHILLIPS historical prices to predict the future PHILLIPS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.45 |
PHILLIPS PETE 7 Backtested Returns
PHILLIPS PETE 7 maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the entity had a -0.13% return per unit of volatility over the last 3 months. PHILLIPS PETE 7 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PHILLIPS's risk adjusted performance of (0.03), and Coefficient Of Variation of (2,358) to confirm the risk estimate we provide. The bond holds a Beta of -0.0263, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PHILLIPS are expected to decrease at a much lower rate. During the bear market, PHILLIPS is likely to outperform the market.
Auto-correlation | 0.06 |
Virtually no predictability
PHILLIPS PETE 7 has virtually no predictability. Overlapping area represents the amount of predictability between PHILLIPS time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 PHILLIPS PETE 7 price movement. The serial correlation of 0.06 indicates that barely 6.0% of current PHILLIPS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
PHILLIPS PETE 7 lagged returns against current returns
Autocorrelation, which is PHILLIPS 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 PHILLIPS's bond expected returns. We can calculate the autocorrelation of PHILLIPS returns to help us make a trade decision. For example, suppose you find that PHILLIPS 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 |
PHILLIPS 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 PHILLIPS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHILLIPS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHILLIPS bond over time.
Current vs Lagged Prices |
| Timeline |
PHILLIPS Lagged Returns
When evaluating PHILLIPS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHILLIPS bond have on its future price. PHILLIPS 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, PHILLIPS autocorrelation shows the relationship between PHILLIPS bond current value and its past values and can show if there is a momentum factor associated with investing in PHILLIPS PETE 7.
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 PHILLIPS Bond
PHILLIPS financial ratios help investors to determine whether PHILLIPS 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 PHILLIPS with respect to the benefits of owning PHILLIPS security.