PLD 2875 15 NOV 29 Market Value
| 74340XBY6 | 89.92 2.83 3.05% |
| Symbol | 74340XBY6 |
Please note, there is a significant difference between 74340XBY6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 74340XBY6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 74340XBY6'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.
74340XBY6 '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 74340XBY6'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 74340XBY6.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in 74340XBY6 on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding PLD 2875 15 NOV 29 or generate 0.0% return on investment in 74340XBY6 over 720 days. 74340XBY6 is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
74340XBY6 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 74340XBY6'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 PLD 2875 15 NOV 29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.5445 |
74340XBY6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 74340XBY6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 74340XBY6's standard deviation. In reality, there are many statistical measures that can use 74340XBY6 historical prices to predict the future 74340XBY6's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 0.6164 |
PLD 2875 15 Backtested Returns
PLD 2875 15 secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of price deviation over the last 3 months. PLD 2875 15 NOV 29 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 74340XBY6's Mean Deviation of 0.329, information ratio of (0.29), and Market Risk Adjusted Performance of 0.6264 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0961, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 74340XBY6 are expected to decrease at a much lower rate. During the bear market, 74340XBY6 is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
PLD 2875 15 NOV 29 has good reverse predictability. Overlapping area represents the amount of predictability between 74340XBY6 time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 PLD 2875 15 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current 74340XBY6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.83 |
PLD 2875 15 lagged returns against current returns
Autocorrelation, which is 74340XBY6 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 74340XBY6's bond expected returns. We can calculate the autocorrelation of 74340XBY6 returns to help us make a trade decision. For example, suppose you find that 74340XBY6 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 |
74340XBY6 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 74340XBY6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 74340XBY6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 74340XBY6 bond over time.
Current vs Lagged Prices |
| Timeline |
74340XBY6 Lagged Returns
When evaluating 74340XBY6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 74340XBY6 bond have on its future price. 74340XBY6 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, 74340XBY6 autocorrelation shows the relationship between 74340XBY6 bond current value and its past values and can show if there is a momentum factor associated with investing in PLD 2875 15 NOV 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 74340XBY6 Bond
74340XBY6 financial ratios help investors to determine whether 74340XBY6 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 74340XBY6 with respect to the benefits of owning 74340XBY6 security.