US84858DAA63 Market Value
| 84858DAA6 | 92.80 0.20 0.22% |
| Symbol | 84858DAA6 |
Please note, there is a significant difference between 84858DAA6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 84858DAA6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 84858DAA6'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.
84858DAA6 '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 84858DAA6'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 84858DAA6.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 84858DAA6 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding US84858DAA63 or generate 0.0% return on investment in 84858DAA6 over 30 days. 84858DAA6 is related to or competes with Ambev SA, Nordic Semiconductor, Boston Beer, ON Semiconductor, Diageo PLC, Arm Holdings, and Micron Technology. More
84858DAA6 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 84858DAA6'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 US84858DAA63 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.01 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.43 |
84858DAA6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 84858DAA6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 84858DAA6's standard deviation. In reality, there are many statistical measures that can use 84858DAA6 historical prices to predict the future 84858DAA6's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0836 |
US84858DAA63 Backtested Returns
At this point, 84858DAA6 is very steady. US84858DAA63 retains Efficiency (Sharpe Ratio) of 0.0092, which signifies that the bond had a 0.0092% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 84858DAA6, which you can use to evaluate the volatility of the entity. Please confirm 84858DAA6's Risk Adjusted Performance of 0.0146, coefficient of variation of 9773.77, and Semi Deviation of 2.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0259%. 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, 84858DAA6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 84858DAA6 is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
US84858DAA63 has very good reverse predictability. Overlapping area represents the amount of predictability between 84858DAA6 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 US84858DAA63 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current 84858DAA6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 5.2 |
US84858DAA63 lagged returns against current returns
Autocorrelation, which is 84858DAA6 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 84858DAA6's bond expected returns. We can calculate the autocorrelation of 84858DAA6 returns to help us make a trade decision. For example, suppose you find that 84858DAA6 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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84858DAA6 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 84858DAA6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 84858DAA6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 84858DAA6 bond over time.
Current vs Lagged Prices |
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84858DAA6 Lagged Returns
When evaluating 84858DAA6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 84858DAA6 bond have on its future price. 84858DAA6 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, 84858DAA6 autocorrelation shows the relationship between 84858DAA6 bond current value and its past values and can show if there is a momentum factor associated with investing in US84858DAA63.
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 84858DAA6 Bond
84858DAA6 financial ratios help investors to determine whether 84858DAA6 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 84858DAA6 with respect to the benefits of owning 84858DAA6 security.