TOPTB 375 18 JUN 50 Market Value
| 88323AAH5 | 69.86 0.00 0.00% |
| Symbol | TOPTB |
Please note, there is a significant difference between TOPTB's value and its price as these two are different measures arrived at by different means. Investors typically determine if TOPTB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TOPTB'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.
TOPTB '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 TOPTB'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 TOPTB.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TOPTB on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TOPTB 375 18 JUN 50 or generate 0.0% return on investment in TOPTB over 540 days. TOPTB is related to or competes with CenterPoint Energy, Antero Midstream, Sonos, Mattel, Hasbro, United Utilities, and Canlan Ice. More
TOPTB 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 TOPTB'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 TOPTB 375 18 JUN 50 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.47 |
TOPTB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TOPTB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TOPTB's standard deviation. In reality, there are many statistical measures that can use TOPTB historical prices to predict the future TOPTB's volatility.| Risk Adjusted Performance | 0.0365 | |||
| Jensen Alpha | 0.047 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.331 |
TOPTB 375 18 Backtested Returns
TOPTB 375 18 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.26, which indicates the bond had a -0.26% return per unit of standard deviation over the last 3 months. TOPTB 375 18 JUN 50 exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TOPTB's coefficient of variation of 2539.18, and Risk Adjusted Performance of 0.0365 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TOPTB's returns are expected to increase less than the market. However, during the bear market, the loss of holding TOPTB is expected to be smaller as well.
Auto-correlation | 0.38 |
Below average predictability
TOPTB 375 18 JUN 50 has below average predictability. Overlapping area represents the amount of predictability between TOPTB time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 TOPTB 375 18 price movement. The serial correlation of 0.38 indicates that just about 38.0% of current TOPTB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
TOPTB 375 18 lagged returns against current returns
Autocorrelation, which is TOPTB 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 TOPTB's bond expected returns. We can calculate the autocorrelation of TOPTB returns to help us make a trade decision. For example, suppose you find that TOPTB 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 |
TOPTB 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 TOPTB bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TOPTB bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TOPTB bond over time.
Current vs Lagged Prices |
| Timeline |
TOPTB Lagged Returns
When evaluating TOPTB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TOPTB bond have on its future price. TOPTB 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, TOPTB autocorrelation shows the relationship between TOPTB bond current value and its past values and can show if there is a momentum factor associated with investing in TOPTB 375 18 JUN 50.
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 TOPTB Bond
TOPTB financial ratios help investors to determine whether TOPTB 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 TOPTB with respect to the benefits of owning TOPTB security.