VULCAN MATLS 45 Market Value
| 929160AV1 | 79.31 7.17 8.29% |
| Symbol | VULCAN |
VULCAN '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 VULCAN'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 VULCAN.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in VULCAN on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding VULCAN MATLS 45 or generate 0.0% return on investment in VULCAN over 510 days. VULCAN is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
VULCAN 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 VULCAN'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 VULCAN MATLS 45 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.07 |
VULCAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VULCAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VULCAN's standard deviation. In reality, there are many statistical measures that can use VULCAN historical prices to predict the future VULCAN's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.5842 |
VULCAN MATLS 45 Backtested Returns
VULCAN MATLS 45 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the bond had a -0.16% return per unit of standard deviation over the last 3 months. VULCAN MATLS 45 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VULCAN's variance of 2.78, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VULCAN are expected to decrease at a much lower rate. During the bear market, VULCAN is likely to outperform the market.
Auto-correlation | 0.26 |
Poor predictability
VULCAN MATLS 45 has poor predictability. Overlapping area represents the amount of predictability between VULCAN time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 VULCAN MATLS 45 price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current VULCAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.79 |
VULCAN MATLS 45 lagged returns against current returns
Autocorrelation, which is VULCAN 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 VULCAN's bond expected returns. We can calculate the autocorrelation of VULCAN returns to help us make a trade decision. For example, suppose you find that VULCAN 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 |
VULCAN 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 VULCAN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VULCAN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VULCAN bond over time.
Current vs Lagged Prices |
| Timeline |
VULCAN Lagged Returns
When evaluating VULCAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VULCAN bond have on its future price. VULCAN 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, VULCAN autocorrelation shows the relationship between VULCAN bond current value and its past values and can show if there is a momentum factor associated with investing in VULCAN MATLS 45.
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 VULCAN Bond
VULCAN financial ratios help investors to determine whether VULCAN 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 VULCAN with respect to the benefits of owning VULCAN security.