WLK 3125 15 AUG 51 Market Value
| 960413AZ5 | 65.97 2.54 4.00% |
| Symbol | 960413AZ5 |
Please note, there is a significant difference between 960413AZ5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 960413AZ5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 960413AZ5'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.
960413AZ5 '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 960413AZ5'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 960413AZ5.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 960413AZ5 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WLK 3125 15 AUG 51 or generate 0.0% return on investment in 960413AZ5 over 30 days. 960413AZ5 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
960413AZ5 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 960413AZ5'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 WLK 3125 15 AUG 51 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.84 |
960413AZ5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 960413AZ5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 960413AZ5's standard deviation. In reality, there are many statistical measures that can use 960413AZ5 historical prices to predict the future 960413AZ5's volatility.| Risk Adjusted Performance | 0.026 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.76) |
WLK 3125 15 Backtested Returns
WLK 3125 15 secures Sharpe Ratio (or Efficiency) of -0.0356, which signifies that the bond had a -0.0356% return per unit of risk over the last 3 months. WLK 3125 15 AUG 51 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 960413AZ5's Downside Deviation of 2.32, risk adjusted performance of 0.026, and Semi Deviation of 2.2 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0683, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 960413AZ5 are expected to decrease at a much lower rate. During the bear market, 960413AZ5 is likely to outperform the market.
Auto-correlation | 0.63 |
Good predictability
WLK 3125 15 AUG 51 has good predictability. Overlapping area represents the amount of predictability between 960413AZ5 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 WLK 3125 15 price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current 960413AZ5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
WLK 3125 15 lagged returns against current returns
Autocorrelation, which is 960413AZ5 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 960413AZ5's bond expected returns. We can calculate the autocorrelation of 960413AZ5 returns to help us make a trade decision. For example, suppose you find that 960413AZ5 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 |
960413AZ5 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 960413AZ5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 960413AZ5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 960413AZ5 bond over time.
Current vs Lagged Prices |
| Timeline |
960413AZ5 Lagged Returns
When evaluating 960413AZ5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 960413AZ5 bond have on its future price. 960413AZ5 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, 960413AZ5 autocorrelation shows the relationship between 960413AZ5 bond current value and its past values and can show if there is a momentum factor associated with investing in WLK 3125 15 AUG 51.
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 960413AZ5 Bond
960413AZ5 financial ratios help investors to determine whether 960413AZ5 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 960413AZ5 with respect to the benefits of owning 960413AZ5 security.