SBC MUNICATIONS INC Market Value
| 78387GAQ6 | 102.83 3.65 3.43% |
| Symbol | 78387GAQ6 |
78387GAQ6 '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 78387GAQ6'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 78387GAQ6.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in 78387GAQ6 on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding SBC MUNICATIONS INC or generate 0.0% return on investment in 78387GAQ6 over 720 days. 78387GAQ6 is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
78387GAQ6 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 78387GAQ6'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 SBC MUNICATIONS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 2.58 |
78387GAQ6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 78387GAQ6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 78387GAQ6's standard deviation. In reality, there are many statistical measures that can use 78387GAQ6 historical prices to predict the future 78387GAQ6's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.3538 |
SBC MUNICATIONS INC Backtested Returns
SBC MUNICATIONS INC retains Efficiency (Sharpe Ratio) of -0.0781, which signifies that the bond had a -0.0781% return per unit of price deviation over the last 3 months. 78387GAQ6 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 78387GAQ6's information ratio of (0.06), and Market Risk Adjusted Performance of 0.3638 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.0623, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 78387GAQ6 are expected to decrease at a much lower rate. During the bear market, 78387GAQ6 is likely to outperform the market.
Auto-correlation | -0.43 |
Modest reverse predictability
SBC MUNICATIONS INC has modest reverse predictability. Overlapping area represents the amount of predictability between 78387GAQ6 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 SBC MUNICATIONS INC price movement. The serial correlation of -0.43 indicates that just about 43.0% of current 78387GAQ6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 5.54 |
SBC MUNICATIONS INC lagged returns against current returns
Autocorrelation, which is 78387GAQ6 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 78387GAQ6's bond expected returns. We can calculate the autocorrelation of 78387GAQ6 returns to help us make a trade decision. For example, suppose you find that 78387GAQ6 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 |
78387GAQ6 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 78387GAQ6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 78387GAQ6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 78387GAQ6 bond over time.
Current vs Lagged Prices |
| Timeline |
78387GAQ6 Lagged Returns
When evaluating 78387GAQ6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 78387GAQ6 bond have on its future price. 78387GAQ6 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, 78387GAQ6 autocorrelation shows the relationship between 78387GAQ6 bond current value and its past values and can show if there is a momentum factor associated with investing in SBC MUNICATIONS INC.
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 78387GAQ6 Bond
78387GAQ6 financial ratios help investors to determine whether 78387GAQ6 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 78387GAQ6 with respect to the benefits of owning 78387GAQ6 security.