SRENVX 5 02 APR 49 Market Value
| 87089NAA8 | 97.28 0.00 0.00% |
| Symbol | SRENVX |
Please note, there is a significant difference between SRENVX's value and its price as these two are different measures arrived at by different means. Investors typically determine if SRENVX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SRENVX'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.
SRENVX '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 SRENVX'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 SRENVX.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in SRENVX on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding SRENVX 5 02 APR 49 or generate 0.0% return on investment in SRENVX over 30 days. SRENVX is related to or competes with Rivian Automotive, Marine Products, Wabash National, U Power, Aeye, Franklin Street, and Smith Douglas. More
SRENVX 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 SRENVX'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 SRENVX 5 02 APR 49 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.8566 |
SRENVX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SRENVX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SRENVX's standard deviation. In reality, there are many statistical measures that can use SRENVX historical prices to predict the future SRENVX's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0104 |
SRENVX 5 02 Backtested Returns
SRENVX 5 02 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0745, which indicates the bond had a -0.0745% return per unit of volatility over the last 3 months. SRENVX 5 02 APR 49 exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SRENVX's coefficient of variation of 9975.53, and Risk Adjusted Performance of 0.011 to confirm the risk estimate we provide. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SRENVX's returns are expected to increase less than the market. However, during the bear market, the loss of holding SRENVX is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
SRENVX 5 02 APR 49 has good predictability. Overlapping area represents the amount of predictability between SRENVX time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 SRENVX 5 02 price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current SRENVX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
SRENVX 5 02 lagged returns against current returns
Autocorrelation, which is SRENVX 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 SRENVX's bond expected returns. We can calculate the autocorrelation of SRENVX returns to help us make a trade decision. For example, suppose you find that SRENVX 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 |
SRENVX 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 SRENVX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SRENVX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SRENVX bond over time.
Current vs Lagged Prices |
| Timeline |
SRENVX Lagged Returns
When evaluating SRENVX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SRENVX bond have on its future price. SRENVX 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, SRENVX autocorrelation shows the relationship between SRENVX bond current value and its past values and can show if there is a momentum factor associated with investing in SRENVX 5 02 APR 49.
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 SRENVX Bond
SRENVX financial ratios help investors to determine whether SRENVX 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 SRENVX with respect to the benefits of owning SRENVX security.