TRUSTEES OF PRINCETON Market Value
| 89837LAB1 | 110.84 3.76 3.51% |
| Symbol | 89837LAB1 |
89837LAB1 '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 89837LAB1'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 89837LAB1.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 89837LAB1 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TRUSTEES OF PRINCETON or generate 0.0% return on investment in 89837LAB1 over 30 days. 89837LAB1 is related to or competes with Modine Manufacturing, Magna International, Black Hills, Northstar Clean, MGIC Investment, and BorgWarner. More
89837LAB1 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 89837LAB1'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 TRUSTEES OF PRINCETON upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.44 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.23 |
89837LAB1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 89837LAB1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 89837LAB1's standard deviation. In reality, there are many statistical measures that can use 89837LAB1 historical prices to predict the future 89837LAB1's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.7202 |
TRUSTEES OF PRINCETON Backtested Returns
TRUSTEES OF PRINCETON secures Sharpe Ratio (or Efficiency) of -0.0219, which signifies that the bond had a -0.0219% return per unit of return volatility over the last 3 months. TRUSTEES OF PRINCETON exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 89837LAB1's semi deviation of 1.36, and Risk Adjusted Performance of 0.0362 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0889, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 89837LAB1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 89837LAB1 is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
TRUSTEES OF PRINCETON has average predictability. Overlapping area represents the amount of predictability between 89837LAB1 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 TRUSTEES OF PRINCETON price movement. The serial correlation of 0.47 indicates that about 47.0% of current 89837LAB1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
TRUSTEES OF PRINCETON lagged returns against current returns
Autocorrelation, which is 89837LAB1 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 89837LAB1's bond expected returns. We can calculate the autocorrelation of 89837LAB1 returns to help us make a trade decision. For example, suppose you find that 89837LAB1 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 |
89837LAB1 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 89837LAB1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 89837LAB1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 89837LAB1 bond over time.
Current vs Lagged Prices |
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89837LAB1 Lagged Returns
When evaluating 89837LAB1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 89837LAB1 bond have on its future price. 89837LAB1 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, 89837LAB1 autocorrelation shows the relationship between 89837LAB1 bond current value and its past values and can show if there is a momentum factor associated with investing in TRUSTEES OF PRINCETON.
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 89837LAB1 Bond
89837LAB1 financial ratios help investors to determine whether 89837LAB1 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 89837LAB1 with respect to the benefits of owning 89837LAB1 security.