STATE STR P Market Value
| 857477AT0 | 97.63 1.87 1.88% |
| Symbol | STATE |
STATE '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 STATE'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 STATE.
| 07/28/2024 |
| 11/25/2024 |
If you would invest 0.00 in STATE on July 28, 2024 and sell it all today you would earn a total of 0.00 from holding STATE STR P or generate 0.0% return on investment in STATE over 120 days. STATE is related to or competes with Transportadora, Atmos Energy, NRG Energy, Cheniere Energy, Fluence Energy, WEC Energy, and Southwest Airlines. More
STATE 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 STATE'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 STATE STR P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.39 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 3.05 |
STATE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STATE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STATE's standard deviation. In reality, there are many statistical measures that can use STATE historical prices to predict the future STATE's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.0394 |
STATE STR P Backtested Returns
STATE STR P retains Efficiency (Sharpe Ratio) of -0.083, which indicates the bond had a -0.083% return per unit of risk over the last 3 months. STATE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STATE's standard deviation of 2.14, and Risk Adjusted Performance of 0.0059 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STATE are expected to decrease at a much lower rate. During the bear market, STATE is likely to outperform the market.
Auto-correlation | -0.24 |
Weak reverse predictability
STATE STR P has weak reverse predictability. Overlapping area represents the amount of predictability between STATE time series from 28th of July 2024 to 26th of September 2024 and 26th of September 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 STATE STR P price movement. The serial correlation of -0.24 indicates that over 24.0% of current STATE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
STATE STR P lagged returns against current returns
Autocorrelation, which is STATE 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 STATE's bond expected returns. We can calculate the autocorrelation of STATE returns to help us make a trade decision. For example, suppose you find that STATE 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 |
STATE 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 STATE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STATE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STATE bond over time.
Current vs Lagged Prices |
| Timeline |
STATE Lagged Returns
When evaluating STATE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STATE bond have on its future price. STATE 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, STATE autocorrelation shows the relationship between STATE bond current value and its past values and can show if there is a momentum factor associated with investing in STATE STR P.
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 STATE Bond
STATE financial ratios help investors to determine whether STATE 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 STATE with respect to the benefits of owning STATE security.