T MOBILE USA INC Market Value
| 87264ABL8 | 72.68 1.51 2.04% |
| Symbol | 87264ABL8 |
87264ABL8 '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 87264ABL8'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 87264ABL8.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 87264ABL8 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding T MOBILE USA INC or generate 0.0% return on investment in 87264ABL8 over 30 days. 87264ABL8 is related to or competes with Harmony Gold, KVH Industries, Allient, Analog Devices, Jabil Circuit, and Barrick Gold. More
87264ABL8 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 87264ABL8'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 T MOBILE USA INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.16 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.72 |
87264ABL8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 87264ABL8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 87264ABL8's standard deviation. In reality, there are many statistical measures that can use 87264ABL8 historical prices to predict the future 87264ABL8's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.1408 |
T MOBILE USA Backtested Returns
T MOBILE USA secures Sharpe Ratio (or Efficiency) of -0.0862, which signifies that the bond had a -0.0862% return per unit of risk over the last 3 months. T MOBILE USA INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 87264ABL8's Risk Adjusted Performance of (0.01), coefficient of variation of (5,534), and Standard Deviation of 2.41 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 87264ABL8 are expected to decrease at a much lower rate. During the bear market, 87264ABL8 is likely to outperform the market.
Auto-correlation | 0.21 |
Weak predictability
T MOBILE USA INC has weak predictability. Overlapping area represents the amount of predictability between 87264ABL8 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 T MOBILE USA price movement. The serial correlation of 0.21 indicates that over 21.0% of current 87264ABL8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
T MOBILE USA lagged returns against current returns
Autocorrelation, which is 87264ABL8 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 87264ABL8's bond expected returns. We can calculate the autocorrelation of 87264ABL8 returns to help us make a trade decision. For example, suppose you find that 87264ABL8 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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87264ABL8 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 87264ABL8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 87264ABL8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 87264ABL8 bond over time.
Current vs Lagged Prices |
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87264ABL8 Lagged Returns
When evaluating 87264ABL8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 87264ABL8 bond have on its future price. 87264ABL8 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, 87264ABL8 autocorrelation shows the relationship between 87264ABL8 bond current value and its past values and can show if there is a momentum factor associated with investing in T MOBILE USA INC.
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 87264ABL8 Bond
87264ABL8 financial ratios help investors to determine whether 87264ABL8 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 87264ABL8 with respect to the benefits of owning 87264ABL8 security.