WCNCN 32 01 JUN 32 Market Value
| 94106BAE1 | 81.11 8.65 9.64% |
| Symbol | WCNCN |
Please note, there is a significant difference between WCNCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if WCNCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WCNCN'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.
WCNCN '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 WCNCN'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 WCNCN.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in WCNCN on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding WCNCN 32 01 JUN 32 or generate 0.0% return on investment in WCNCN over 30 days. WCNCN is related to or competes with NiSource, GE Vernova, Antero Midstream, Southwest Gas, PGE Corp, CenterPoint Energy, and Mesa Air. More
WCNCN 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 WCNCN'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 WCNCN 32 01 JUN 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.5907 |
WCNCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WCNCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WCNCN's standard deviation. In reality, there are many statistical measures that can use WCNCN historical prices to predict the future WCNCN's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 1.14 |
WCNCN 32 01 Backtested Returns
WCNCN 32 01 shows Sharpe Ratio of -0.13, which attests that the bond had a -0.13% return per unit of standard deviation over the last 3 months. WCNCN 32 01 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WCNCN's Standard Deviation of 1.24, mean deviation of 0.4481, and Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The entity maintains a market beta of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WCNCN are expected to decrease at a much lower rate. During the bear market, WCNCN is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
WCNCN 32 01 JUN 32 has weak predictability. Overlapping area represents the amount of predictability between WCNCN 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 WCNCN 32 01 price movement. The serial correlation of 0.2 indicates that over 20.0% of current WCNCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 9.06 |
WCNCN 32 01 lagged returns against current returns
Autocorrelation, which is WCNCN 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 WCNCN's bond expected returns. We can calculate the autocorrelation of WCNCN returns to help us make a trade decision. For example, suppose you find that WCNCN 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 |
WCNCN 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 WCNCN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WCNCN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WCNCN bond over time.
Current vs Lagged Prices |
| Timeline |
WCNCN Lagged Returns
When evaluating WCNCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WCNCN bond have on its future price. WCNCN 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, WCNCN autocorrelation shows the relationship between WCNCN bond current value and its past values and can show if there is a momentum factor associated with investing in WCNCN 32 01 JUN 32.
Regressed Prices |
| Timeline |
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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 WCNCN Bond
WCNCN financial ratios help investors to determine whether WCNCN 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 WCNCN with respect to the benefits of owning WCNCN security.