US BANCORP Market Value
| 91159HJA9 | 80.71 2.20 2.65% |
| Symbol | 91159HJA9 |
91159HJA9 '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 91159HJA9'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 91159HJA9.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in 91159HJA9 on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding US BANCORP or generate 0.0% return on investment in 91159HJA9 over 390 days. 91159HJA9 is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
91159HJA9 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 91159HJA9'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 US BANCORP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.42 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 3.77 |
91159HJA9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 91159HJA9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 91159HJA9's standard deviation. In reality, there are many statistical measures that can use 91159HJA9 historical prices to predict the future 91159HJA9's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0282 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.0855 |
US BANCORP Backtested Returns
US BANCORP retains Efficiency (Sharpe Ratio) of -0.17, which signifies that the bond had a -0.17% return per unit of price deviation over the last 3 months. 91159HJA9 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 91159HJA9's Risk Adjusted Performance of (0.01), variance of 7.1, and Coefficient Of Variation of (4,582) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 91159HJA9 are expected to decrease at a much lower rate. During the bear market, 91159HJA9 is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
US BANCORP has good predictability. Overlapping area represents the amount of predictability between 91159HJA9 time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 US BANCORP price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current 91159HJA9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.56 |
US BANCORP lagged returns against current returns
Autocorrelation, which is 91159HJA9 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 91159HJA9's bond expected returns. We can calculate the autocorrelation of 91159HJA9 returns to help us make a trade decision. For example, suppose you find that 91159HJA9 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 |
91159HJA9 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 91159HJA9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 91159HJA9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 91159HJA9 bond over time.
Current vs Lagged Prices |
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91159HJA9 Lagged Returns
When evaluating 91159HJA9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 91159HJA9 bond have on its future price. 91159HJA9 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, 91159HJA9 autocorrelation shows the relationship between 91159HJA9 bond current value and its past values and can show if there is a momentum factor associated with investing in US BANCORP.
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 91159HJA9 Bond
91159HJA9 financial ratios help investors to determine whether 91159HJA9 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 91159HJA9 with respect to the benefits of owning 91159HJA9 security.