US88023UAJ07 Market Value
| 88023UAJ0 | 84.94 3.69 4.16% |
| Symbol | 88023UAJ0 |
88023UAJ0 '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 88023UAJ0'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 88023UAJ0.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in 88023UAJ0 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding US88023UAJ07 or generate 0.0% return on investment in 88023UAJ0 over 180 days. 88023UAJ0 is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
88023UAJ0 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 88023UAJ0'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 US88023UAJ07 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.05 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.01 |
88023UAJ0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 88023UAJ0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 88023UAJ0's standard deviation. In reality, there are many statistical measures that can use 88023UAJ0 historical prices to predict the future 88023UAJ0's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.73) |
US88023UAJ07 Backtested Returns
US88023UAJ07 retains Efficiency (Sharpe Ratio) of -0.0916, which signifies that the bond had a -0.0916% return per unit of price deviation over the last 3 months. 88023UAJ0 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 88023UAJ0's Risk Adjusted Performance of (0.02), coefficient of variation of (2,893), and Variance of 2.09 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0819, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 88023UAJ0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 88023UAJ0 is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
US88023UAJ07 has modest reverse predictability. Overlapping area represents the amount of predictability between 88023UAJ0 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 US88023UAJ07 price movement. The serial correlation of -0.46 indicates that about 46.0% of current 88023UAJ0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
US88023UAJ07 lagged returns against current returns
Autocorrelation, which is 88023UAJ0 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 88023UAJ0's bond expected returns. We can calculate the autocorrelation of 88023UAJ0 returns to help us make a trade decision. For example, suppose you find that 88023UAJ0 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 |
88023UAJ0 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 88023UAJ0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 88023UAJ0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 88023UAJ0 bond over time.
Current vs Lagged Prices |
| Timeline |
88023UAJ0 Lagged Returns
When evaluating 88023UAJ0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 88023UAJ0 bond have on its future price. 88023UAJ0 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, 88023UAJ0 autocorrelation shows the relationship between 88023UAJ0 bond current value and its past values and can show if there is a momentum factor associated with investing in US88023UAJ07.
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 88023UAJ0 Bond
88023UAJ0 financial ratios help investors to determine whether 88023UAJ0 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 88023UAJ0 with respect to the benefits of owning 88023UAJ0 security.