US74965LAA98 Market Value
| 74965LAA9 | 91.59 5.44 5.61% |
| Symbol | 74965LAA9 |
74965LAA9 '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 74965LAA9'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 74965LAA9.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 74965LAA9 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding US74965LAA98 or generate 0.0% return on investment in 74965LAA9 over 30 days. 74965LAA9 is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
74965LAA9 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 74965LAA9'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 US74965LAA98 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.74 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5773 |
74965LAA9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 74965LAA9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 74965LAA9's standard deviation. In reality, there are many statistical measures that can use 74965LAA9 historical prices to predict the future 74965LAA9's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.39) |
US74965LAA98 Backtested Returns
US74965LAA98 retains Efficiency (Sharpe Ratio) of -0.0849, which signifies that the bond had a -0.0849% return per unit of price deviation over the last 3 months. 74965LAA9 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 74965LAA9's Variance of 1.05, coefficient of variation of (1,891), and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 74965LAA9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 74965LAA9 is expected to be smaller as well.
Auto-correlation | -0.59 |
Good reverse predictability
US74965LAA98 has good reverse predictability. Overlapping area represents the amount of predictability between 74965LAA9 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 US74965LAA98 price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current 74965LAA9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 4.26 |
US74965LAA98 lagged returns against current returns
Autocorrelation, which is 74965LAA9 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 74965LAA9's bond expected returns. We can calculate the autocorrelation of 74965LAA9 returns to help us make a trade decision. For example, suppose you find that 74965LAA9 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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74965LAA9 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 74965LAA9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 74965LAA9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 74965LAA9 bond over time.
Current vs Lagged Prices |
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74965LAA9 Lagged Returns
When evaluating 74965LAA9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 74965LAA9 bond have on its future price. 74965LAA9 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, 74965LAA9 autocorrelation shows the relationship between 74965LAA9 bond current value and its past values and can show if there is a momentum factor associated with investing in US74965LAA98.
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 74965LAA9 Bond
74965LAA9 financial ratios help investors to determine whether 74965LAA9 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 74965LAA9 with respect to the benefits of owning 74965LAA9 security.