SPIRIT RLTY L Market Value
| 84861TAC2 | 99.48 0.00 0.00% |
| Symbol | SPIRIT |
SPIRIT '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 SPIRIT'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 SPIRIT.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in SPIRIT on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding SPIRIT RLTY L or generate 0.0% return on investment in SPIRIT over 540 days. SPIRIT is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
SPIRIT 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 SPIRIT'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 SPIRIT RLTY L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.8 |
SPIRIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPIRIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPIRIT's standard deviation. In reality, there are many statistical measures that can use SPIRIT historical prices to predict the future SPIRIT's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.0143 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.2363 |
SPIRIT RLTY L Backtested Returns
At this point, SPIRIT is very steady. SPIRIT RLTY L owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0046, which indicates the bond had a 0.0046% return per unit of volatility over the last 3 months. We have found twenty-five technical indicators for SPIRIT RLTY L, which you can use to evaluate the volatility of the bond. Please validate SPIRIT's risk adjusted performance of 0.0313, and Coefficient Of Variation of 2651.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0046%. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SPIRIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPIRIT is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
SPIRIT RLTY L has average predictability. Overlapping area represents the amount of predictability between SPIRIT time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 SPIRIT RLTY L price movement. The serial correlation of 0.47 indicates that about 47.0% of current SPIRIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 |
SPIRIT RLTY L lagged returns against current returns
Autocorrelation, which is SPIRIT 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 SPIRIT's bond expected returns. We can calculate the autocorrelation of SPIRIT returns to help us make a trade decision. For example, suppose you find that SPIRIT 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 |
SPIRIT 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 SPIRIT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPIRIT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPIRIT bond over time.
Current vs Lagged Prices |
| Timeline |
SPIRIT Lagged Returns
When evaluating SPIRIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPIRIT bond have on its future price. SPIRIT 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, SPIRIT autocorrelation shows the relationship between SPIRIT bond current value and its past values and can show if there is a momentum factor associated with investing in SPIRIT RLTY L.
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 SPIRIT Bond
SPIRIT financial ratios help investors to determine whether SPIRIT 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 SPIRIT with respect to the benefits of owning SPIRIT security.