PROGRESSIVE P OH Market Value
| 743315AP8 | 80.55 6.75 7.73% |
| Symbol | 743315AP8 |
743315AP8 '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 743315AP8'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 743315AP8.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in 743315AP8 on July 5, 2023 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 743315AP8 over 510 days. 743315AP8 is related to or competes with LGI Homes, Live Ventures, Coursera, Daily Journal, Smith Douglas, Franklin Street, and Boston Properties. More
743315AP8 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 743315AP8'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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 3.96 |
743315AP8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 743315AP8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 743315AP8's standard deviation. In reality, there are many statistical measures that can use 743315AP8 historical prices to predict the future 743315AP8's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 0.2783 |
PROGRESSIVE P OH Backtested Returns
PROGRESSIVE P OH secures Sharpe Ratio (or Efficiency) of -0.001, which signifies that the bond had a -0.001% return per unit of risk over the last 3 months. PROGRESSIVE P OH exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 743315AP8's Mean Deviation of 1.65, variance of 8.71, and Market Risk Adjusted Performance of 0.2883 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 743315AP8 are expected to decrease at a much lower rate. During the bear market, 743315AP8 is likely to outperform the market.
Auto-correlation | 0.41 |
Average predictability
PROGRESSIVE P OH has average predictability. Overlapping area represents the amount of predictability between 743315AP8 time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 PROGRESSIVE P OH price movement. The serial correlation of 0.41 indicates that just about 41.0% of current 743315AP8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 4.96 |
PROGRESSIVE P OH lagged returns against current returns
Autocorrelation, which is 743315AP8 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 743315AP8's bond expected returns. We can calculate the autocorrelation of 743315AP8 returns to help us make a trade decision. For example, suppose you find that 743315AP8 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 |
743315AP8 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 743315AP8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 743315AP8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 743315AP8 bond over time.
Current vs Lagged Prices |
| Timeline |
743315AP8 Lagged Returns
When evaluating 743315AP8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 743315AP8 bond have on its future price. 743315AP8 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, 743315AP8 autocorrelation shows the relationship between 743315AP8 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 |
| 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 743315AP8 Bond
743315AP8 financial ratios help investors to determine whether 743315AP8 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 743315AP8 with respect to the benefits of owning 743315AP8 security.