PROGRESSIVE P OH Market Value
| 743315AJ2 | 110.93 3.52 3.28% |
| Symbol | 743315AJ2 |
743315AJ2 '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 743315AJ2'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 743315AJ2.
| 11/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in 743315AJ2 on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding PROGRESSIVE P OH or generate 0.0% return on investment in 743315AJ2 over 90 days. 743315AJ2 is related to or competes with PennantPark Investment, Jutal Offshore, Astral Foods, Golden Energy, and Austevoll Seafood. More
743315AJ2 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 743315AJ2'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 PROGRESSIVE P OH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0295 | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8507 |
743315AJ2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 743315AJ2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 743315AJ2's standard deviation. In reality, there are many statistical measures that can use 743315AJ2 historical prices to predict the future 743315AJ2's volatility.| Risk Adjusted Performance | 0.0292 | |||
| Jensen Alpha | 0.0495 | |||
| Total Risk Alpha | 0.0675 | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | (0.32) |
PROGRESSIVE P OH Backtested Returns
At this point, 743315AJ2 is very steady. PROGRESSIVE P OH secures Sharpe Ratio (or Efficiency) of 0.0302, which signifies that the bond had a 0.0302 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PROGRESSIVE P OH, which you can use to evaluate the volatility of the entity. Please confirm 743315AJ2's Coefficient Of Variation of 3191.57, market risk adjusted performance of (0.31), and Mean Deviation of 0.6549 to double-check if the risk estimate we provide is consistent with the expected return of 0.0645%. The bond shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 743315AJ2 are expected to decrease at a much lower rate. During the bear market, 743315AJ2 is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
PROGRESSIVE P OH has insignificant reverse predictability. Overlapping area represents the amount of predictability between 743315AJ2 time series from 29th of November 2024 to 13th of January 2025 and 13th of January 2025 to 27th 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 PROGRESSIVE P OH price movement. The serial correlation of -0.18 indicates that over 18.0% of current 743315AJ2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
PROGRESSIVE P OH lagged returns against current returns
Autocorrelation, which is 743315AJ2 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 743315AJ2's bond expected returns. We can calculate the autocorrelation of 743315AJ2 returns to help us make a trade decision. For example, suppose you find that 743315AJ2 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 |
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743315AJ2 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 743315AJ2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 743315AJ2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 743315AJ2 bond over time.
Current vs Lagged Prices |
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743315AJ2 Lagged Returns
When evaluating 743315AJ2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 743315AJ2 bond have on its future price. 743315AJ2 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, 743315AJ2 autocorrelation shows the relationship between 743315AJ2 bond current value and its past values and can show if there is a momentum factor associated with investing in PROGRESSIVE P OH.
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 743315AJ2 Bond
743315AJ2 financial ratios help investors to determine whether 743315AJ2 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 743315AJ2 with respect to the benefits of owning 743315AJ2 security.