WILLIAMS PARTNERS L Market Value
| 96949LAC9 | 90.10 1.81 1.97% |
| Symbol | WILLIAMS |
WILLIAMS '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 WILLIAMS'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 WILLIAMS.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in WILLIAMS on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding WILLIAMS PARTNERS L or generate 0.0% return on investment in WILLIAMS over 30 days. WILLIAMS is related to or competes with Employers Holdings, Univest Pennsylvania, Encore Capital, Aegon NV, Barings BDC, Siriuspoint, and Freedom Bank. More
WILLIAMS 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 WILLIAMS'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 WILLIAMS PARTNERS L upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.47 | |||
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 62.47 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 1.22 |
WILLIAMS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WILLIAMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WILLIAMS's standard deviation. In reality, there are many statistical measures that can use WILLIAMS historical prices to predict the future WILLIAMS's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | 0.1194 |
WILLIAMS PARTNERS Backtested Returns
WILLIAMS PARTNERS 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. WILLIAMS PARTNERS exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WILLIAMS's Mean Deviation of 2.17, risk adjusted performance of 0.0233, and Downside Deviation of 5.47 to validate the risk estimate we provide. The entity maintains a market beta of 0.95, which attests to possible diversification benefits within a given portfolio. WILLIAMS returns are very sensitive to returns on the market. As the market goes up or down, WILLIAMS is expected to follow.
Auto-correlation | -0.41 |
Modest reverse predictability
WILLIAMS PARTNERS L has modest reverse predictability. Overlapping area represents the amount of predictability between WILLIAMS 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 WILLIAMS PARTNERS price movement. The serial correlation of -0.41 indicates that just about 41.0% of current WILLIAMS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
WILLIAMS PARTNERS lagged returns against current returns
Autocorrelation, which is WILLIAMS 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 WILLIAMS's bond expected returns. We can calculate the autocorrelation of WILLIAMS returns to help us make a trade decision. For example, suppose you find that WILLIAMS 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 |
WILLIAMS 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 WILLIAMS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WILLIAMS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WILLIAMS bond over time.
Current vs Lagged Prices |
| Timeline |
WILLIAMS Lagged Returns
When evaluating WILLIAMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WILLIAMS bond have on its future price. WILLIAMS 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, WILLIAMS autocorrelation shows the relationship between WILLIAMS bond current value and its past values and can show if there is a momentum factor associated with investing in WILLIAMS PARTNERS L.
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 WILLIAMS Bond
WILLIAMS financial ratios help investors to determine whether WILLIAMS 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 WILLIAMS with respect to the benefits of owning WILLIAMS security.