EIX 365 01 JUN 51 Market Value
| 842400HF3 | 72.55 2.92 3.87% |
| Symbol | 842400HF3 |
Please note, there is a significant difference between 842400HF3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 842400HF3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 842400HF3'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.
842400HF3 '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 842400HF3'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 842400HF3.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in 842400HF3 on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding EIX 365 01 JUN 51 or generate 0.0% return on investment in 842400HF3 over 210 days. 842400HF3 is related to or competes with Ardelyx, Duluth Holdings, Tandy Leather, Tscan Therapeutics, Burlington Stores, Skechers USA, and Mind Medicine. More
842400HF3 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 842400HF3'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 EIX 365 01 JUN 51 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.04 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.85 |
842400HF3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 842400HF3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 842400HF3's standard deviation. In reality, there are many statistical measures that can use 842400HF3 historical prices to predict the future 842400HF3's volatility.| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.0443 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.3516 |
EIX 365 01 Backtested Returns
EIX 365 01 secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the bond had a -0.2% return per unit of risk over the last 3 months. EIX 365 01 JUN 51 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 842400HF3's Semi Deviation of 1.07, downside deviation of 1.2, and Mean Deviation of 0.8861 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 842400HF3's returns are expected to increase less than the market. However, during the bear market, the loss of holding 842400HF3 is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
EIX 365 01 JUN 51 has good reverse predictability. Overlapping area represents the amount of predictability between 842400HF3 time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 EIX 365 01 price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current 842400HF3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
EIX 365 01 lagged returns against current returns
Autocorrelation, which is 842400HF3 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 842400HF3's bond expected returns. We can calculate the autocorrelation of 842400HF3 returns to help us make a trade decision. For example, suppose you find that 842400HF3 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 |
842400HF3 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 842400HF3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 842400HF3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 842400HF3 bond over time.
Current vs Lagged Prices |
| Timeline |
842400HF3 Lagged Returns
When evaluating 842400HF3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 842400HF3 bond have on its future price. 842400HF3 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, 842400HF3 autocorrelation shows the relationship between 842400HF3 bond current value and its past values and can show if there is a momentum factor associated with investing in EIX 365 01 JUN 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 842400HF3 Bond
842400HF3 financial ratios help investors to determine whether 842400HF3 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 842400HF3 with respect to the benefits of owning 842400HF3 security.