STCITY 65 15 JAN 28 Market Value
| 86389QAF9 | 94.50 2.76 2.84% |
| Symbol | STCITY |
Please note, there is a significant difference between STCITY's value and its price as these two are different measures arrived at by different means. Investors typically determine if STCITY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STCITY'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.
STCITY '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 STCITY'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 STCITY.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in STCITY on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding STCITY 65 15 JAN 28 or generate 0.0% return on investment in STCITY over 180 days. STCITY is related to or competes with Cardinal Health, United Homes, MI Homes, SunOpta, Franklin Street, and Weyco. More
STCITY 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 STCITY'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 STCITY 65 15 JAN 28 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.82 | |||
| Information Ratio | 0.0344 | |||
| Maximum Drawdown | 41.55 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.6151 |
STCITY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STCITY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STCITY's standard deviation. In reality, there are many statistical measures that can use STCITY historical prices to predict the future STCITY's volatility.| Risk Adjusted Performance | 0.0439 | |||
| Jensen Alpha | 0.448 | |||
| Total Risk Alpha | (1.32) | |||
| Sortino Ratio | 0.0524 | |||
| Treynor Ratio | 0.7799 |
STCITY 65 15 Backtested Returns
STCITY 65 15 retains Efficiency (Sharpe Ratio) of -0.19, which indicates the bond had a -0.19% return per unit of volatility over the last 3 months. STCITY exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STCITY's risk adjusted performance of 0.0439, and Downside Deviation of 7.82 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STCITY's returns are expected to increase less than the market. However, during the bear market, the loss of holding STCITY is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
STCITY 65 15 JAN 28 has weak reverse predictability. Overlapping area represents the amount of predictability between STCITY time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 STCITY 65 15 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current STCITY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.18 |
STCITY 65 15 lagged returns against current returns
Autocorrelation, which is STCITY 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 STCITY's bond expected returns. We can calculate the autocorrelation of STCITY returns to help us make a trade decision. For example, suppose you find that STCITY 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 |
STCITY 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 STCITY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STCITY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STCITY bond over time.
Current vs Lagged Prices |
| Timeline |
STCITY Lagged Returns
When evaluating STCITY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STCITY bond have on its future price. STCITY 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, STCITY autocorrelation shows the relationship between STCITY bond current value and its past values and can show if there is a momentum factor associated with investing in STCITY 65 15 JAN 28.
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 STCITY Bond
STCITY financial ratios help investors to determine whether STCITY 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 STCITY with respect to the benefits of owning STCITY security.