SOUTHERN CALIF EDISON Market Value
| 842400FZ1 | 88.90 2.44 2.67% |
| Symbol | SOUTHERN |
SOUTHERN '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 SOUTHERN'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 SOUTHERN.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SOUTHERN on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SOUTHERN CALIF EDISON or generate 0.0% return on investment in SOUTHERN over 30 days. SOUTHERN is related to or competes with Compania Cervecerias, Oatly Group, Viemed Healthcare, Keurig Dr, SunLink Health, RadNet, and Amgen. More
SOUTHERN 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 SOUTHERN'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 SOUTHERN CALIF EDISON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.72 |
SOUTHERN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SOUTHERN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SOUTHERN's standard deviation. In reality, there are many statistical measures that can use SOUTHERN historical prices to predict the future SOUTHERN's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.3229 |
SOUTHERN CALIF EDISON Backtested Returns
SOUTHERN CALIF EDISON owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the bond had a -0.13% return per unit of standard deviation over the last 3 months. SOUTHERN CALIF EDISON exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SOUTHERN's risk adjusted performance of (0.02), and Variance of 1.15 to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SOUTHERN are expected to decrease at a much lower rate. During the bear market, SOUTHERN is likely to outperform the market.
Auto-correlation | -0.44 |
Modest reverse predictability
SOUTHERN CALIF EDISON has modest reverse predictability. Overlapping area represents the amount of predictability between SOUTHERN time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 SOUTHERN CALIF EDISON price movement. The serial correlation of -0.44 indicates that just about 44.0% of current SOUTHERN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
SOUTHERN CALIF EDISON lagged returns against current returns
Autocorrelation, which is SOUTHERN 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 SOUTHERN's bond expected returns. We can calculate the autocorrelation of SOUTHERN returns to help us make a trade decision. For example, suppose you find that SOUTHERN 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 |
SOUTHERN 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 SOUTHERN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SOUTHERN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SOUTHERN bond over time.
Current vs Lagged Prices |
| Timeline |
SOUTHERN Lagged Returns
When evaluating SOUTHERN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SOUTHERN bond have on its future price. SOUTHERN 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, SOUTHERN autocorrelation shows the relationship between SOUTHERN bond current value and its past values and can show if there is a momentum factor associated with investing in SOUTHERN CALIF EDISON.
Regressed Prices |
| Timeline |
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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 SOUTHERN Bond
SOUTHERN financial ratios help investors to determine whether SOUTHERN 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 SOUTHERN with respect to the benefits of owning SOUTHERN security.