TRANSCONTINENTAL GAS PIPE Market Value
| 893574AK9 | 95.60 2.29 2.34% |
| Symbol | 893574AK9 |
893574AK9 '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 893574AK9'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 893574AK9.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 893574AK9 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding TRANSCONTINENTAL GAS PIPE or generate 0.0% return on investment in 893574AK9 over 30 days. 893574AK9 is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
893574AK9 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 893574AK9'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 TRANSCONTINENTAL GAS PIPE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 2.05 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.4407 |
893574AK9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 893574AK9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 893574AK9's standard deviation. In reality, there are many statistical measures that can use 893574AK9 historical prices to predict the future 893574AK9's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (6.25) |
TRANSCONTINENTAL GAS PIPE Backtested Returns
TRANSCONTINENTAL GAS PIPE retains Efficiency (Sharpe Ratio) of -0.0856, which signifies that the bond had a -0.0856% return per unit of price deviation over the last 3 months. 893574AK9 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 893574AK9's Variance of 0.1603, risk adjusted performance of (0.08), and Coefficient Of Variation of (1,016) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0079, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 893574AK9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 893574AK9 is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
TRANSCONTINENTAL GAS PIPE has weak reverse predictability. Overlapping area represents the amount of predictability between 893574AK9 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 TRANSCONTINENTAL GAS PIPE price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current 893574AK9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
TRANSCONTINENTAL GAS PIPE lagged returns against current returns
Autocorrelation, which is 893574AK9 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 893574AK9's bond expected returns. We can calculate the autocorrelation of 893574AK9 returns to help us make a trade decision. For example, suppose you find that 893574AK9 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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893574AK9 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 893574AK9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 893574AK9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 893574AK9 bond over time.
Current vs Lagged Prices |
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893574AK9 Lagged Returns
When evaluating 893574AK9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 893574AK9 bond have on its future price. 893574AK9 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, 893574AK9 autocorrelation shows the relationship between 893574AK9 bond current value and its past values and can show if there is a momentum factor associated with investing in TRANSCONTINENTAL GAS PIPE.
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 893574AK9 Bond
893574AK9 financial ratios help investors to determine whether 893574AK9 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 893574AK9 with respect to the benefits of owning 893574AK9 security.