XCEL ENERGY INC Market Value
| 98389BAN0 | 88.87 0.35 0.39% |
| Symbol | 98389BAN0 |
98389BAN0 '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 98389BAN0'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 98389BAN0.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in 98389BAN0 on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding XCEL ENERGY INC or generate 0.0% return on investment in 98389BAN0 over 30 days. 98389BAN0 is related to or competes with 00108WAF7, 90331HPL1, International Business, Intel, Home Depot, Verizon Communications, and Boeing. More
98389BAN0 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 98389BAN0'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 XCEL ENERGY INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.16 |
98389BAN0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 98389BAN0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 98389BAN0's standard deviation. In reality, there are many statistical measures that can use 98389BAN0 historical prices to predict the future 98389BAN0's volatility.| Risk Adjusted Performance | 0.0157 | |||
| Jensen Alpha | 0.0983 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.02) |
XCEL ENERGY INC Backtested Returns
XCEL ENERGY INC secures Sharpe Ratio (or Efficiency) of -0.065, which signifies that the bond had a -0.065% return per unit of price deviation over the last 3 months. XCEL ENERGY INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 98389BAN0's Semi Deviation of 1.6, risk adjusted performance of 0.0157, and Coefficient Of Variation of 7627.7 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 98389BAN0 are expected to decrease at a much lower rate. During the bear market, 98389BAN0 is likely to outperform the market.
Auto-correlation | -0.02 |
Very weak reverse predictability
XCEL ENERGY INC has very weak reverse predictability. Overlapping area represents the amount of predictability between 98389BAN0 time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 XCEL ENERGY INC price movement. The serial correlation of -0.02 indicates that only 2.0% of current 98389BAN0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
XCEL ENERGY INC lagged returns against current returns
Autocorrelation, which is 98389BAN0 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 98389BAN0's bond expected returns. We can calculate the autocorrelation of 98389BAN0 returns to help us make a trade decision. For example, suppose you find that 98389BAN0 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 |
98389BAN0 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 98389BAN0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 98389BAN0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 98389BAN0 bond over time.
Current vs Lagged Prices |
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98389BAN0 Lagged Returns
When evaluating 98389BAN0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 98389BAN0 bond have on its future price. 98389BAN0 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, 98389BAN0 autocorrelation shows the relationship between 98389BAN0 bond current value and its past values and can show if there is a momentum factor associated with investing in XCEL ENERGY INC.
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 98389BAN0 Bond
98389BAN0 financial ratios help investors to determine whether 98389BAN0 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 98389BAN0 with respect to the benefits of owning 98389BAN0 security.