PL 1646 13 JAN 25 Market Value
| 74368CBJ2 | 96.37 0.00 0.00% |
| Symbol | 74368CBJ2 |
Please note, there is a significant difference between 74368CBJ2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 74368CBJ2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 74368CBJ2'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.
74368CBJ2 '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 74368CBJ2'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 74368CBJ2.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in 74368CBJ2 on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding PL 1646 13 JAN 25 or generate 0.0% return on investment in 74368CBJ2 over 720 days. 74368CBJ2 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
74368CBJ2 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 74368CBJ2'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 PL 1646 13 JAN 25 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.275 |
74368CBJ2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 74368CBJ2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 74368CBJ2's standard deviation. In reality, there are many statistical measures that can use 74368CBJ2 historical prices to predict the future 74368CBJ2's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.4439 |
PL 1646 13 Backtested Returns
PL 1646 13 retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the bond had a -0.11% return per unit of price deviation over the last 3 months. 74368CBJ2 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 74368CBJ2's information ratio of (0.22), and Market Risk Adjusted Performance of 0.4539 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.032, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 74368CBJ2 are expected to decrease at a much lower rate. During the bear market, 74368CBJ2 is likely to outperform the market.
Auto-correlation | 0.70 |
Good predictability
PL 1646 13 JAN 25 has good predictability. Overlapping area represents the amount of predictability between 74368CBJ2 time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 PL 1646 13 price movement. The serial correlation of 0.7 indicates that around 70.0% of current 74368CBJ2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
PL 1646 13 lagged returns against current returns
Autocorrelation, which is 74368CBJ2 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 74368CBJ2's bond expected returns. We can calculate the autocorrelation of 74368CBJ2 returns to help us make a trade decision. For example, suppose you find that 74368CBJ2 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 |
74368CBJ2 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 74368CBJ2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 74368CBJ2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 74368CBJ2 bond over time.
Current vs Lagged Prices |
| Timeline |
74368CBJ2 Lagged Returns
When evaluating 74368CBJ2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 74368CBJ2 bond have on its future price. 74368CBJ2 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, 74368CBJ2 autocorrelation shows the relationship between 74368CBJ2 bond current value and its past values and can show if there is a momentum factor associated with investing in PL 1646 13 JAN 25.
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 74368CBJ2 Bond
74368CBJ2 financial ratios help investors to determine whether 74368CBJ2 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 74368CBJ2 with respect to the benefits of owning 74368CBJ2 security.