SENMED 2927 01 NOV 51 Market Value
| 81728XAA6 | 65.69 0.00 0.00% |
| Symbol | SENMED |
Please note, there is a significant difference between SENMED's value and its price as these two are different measures arrived at by different means. Investors typically determine if SENMED is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SENMED'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.
SENMED '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 SENMED'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 SENMED.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in SENMED on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding SENMED 2927 01 NOV 51 or generate 0.0% return on investment in SENMED over 60 days. SENMED is related to or competes with Eldorado Gold, Chemours, Parker Hannifin, GMS, Western Copper, and Summit Materials. More
SENMED 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 SENMED'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 SENMED 2927 01 NOV 51 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0247 | |||
| Maximum Drawdown | 13.46 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.19 |
SENMED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SENMED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SENMED's standard deviation. In reality, there are many statistical measures that can use SENMED historical prices to predict the future SENMED's volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 0.1477 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | 0.4972 |
SENMED 2927 01 Backtested Returns
SENMED 2927 01 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.33, which indicates the bond had a -0.33% return per unit of standard deviation over the last 3 months. SENMED 2927 01 NOV 51 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SENMED's risk adjusted performance of 0.0587, and Coefficient Of Variation of 1492.26 to confirm the risk estimate we provide. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SENMED's returns are expected to increase less than the market. However, during the bear market, the loss of holding SENMED is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
SENMED 2927 01 NOV 51 has very good predictability. Overlapping area represents the amount of predictability between SENMED time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 SENMED 2927 01 price movement. The serial correlation of 0.81 indicates that around 81.0% of current SENMED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
SENMED 2927 01 lagged returns against current returns
Autocorrelation, which is SENMED 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 SENMED's bond expected returns. We can calculate the autocorrelation of SENMED returns to help us make a trade decision. For example, suppose you find that SENMED 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 |
SENMED 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 SENMED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SENMED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SENMED bond over time.
Current vs Lagged Prices |
| Timeline |
SENMED Lagged Returns
When evaluating SENMED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SENMED bond have on its future price. SENMED 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, SENMED autocorrelation shows the relationship between SENMED bond current value and its past values and can show if there is a momentum factor associated with investing in SENMED 2927 01 NOV 51.
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 SENMED Bond
SENMED financial ratios help investors to determine whether SENMED 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 SENMED with respect to the benefits of owning SENMED security.