Xai Octagon Floating Preferred Stock Market Value
| XFLT-PA Preferred Stock | USD 25.14 0.05 0.20% |
| Symbol | XAI |
XAI Octagon '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 XAI Octagon's preferred stock 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 XAI Octagon.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in XAI Octagon on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding XAI Octagon Floating or generate 0.0% return on investment in XAI Octagon over 30 days. XAI Octagon is related to or competes with Eagle Point, Oxford Lane, and Priorityome Fund. More
XAI Octagon 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 XAI Octagon's preferred stock 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 XAI Octagon Floating upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.566 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.854 |
XAI Octagon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XAI Octagon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XAI Octagon's standard deviation. In reality, there are many statistical measures that can use XAI Octagon historical prices to predict the future XAI Octagon's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.0258 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.6006 |
XAI Octagon Floating Backtested Returns
At this point, XAI Octagon is very steady. XAI Octagon Floating shows Sharpe Ratio of 0.0909, which attests that the company had a 0.0909% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for XAI Octagon Floating, which you can use to evaluate the volatility of the entity. Please check out XAI Octagon's Mean Deviation of 0.3425, downside deviation of 0.566, and Risk Adjusted Performance of 0.0595 to validate if the risk estimate we provide is consistent with the expected return of 0.0461%. XAI Octagon has a performance score of 7 on a scale of 0 to 100. The firm maintains a market beta of 0.0537, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XAI Octagon's returns are expected to increase less than the market. However, during the bear market, the loss of holding XAI Octagon is expected to be smaller as well. XAI Octagon Floating currently maintains a risk of 0.51%. Please check out XAI Octagon Floating standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if XAI Octagon Floating will be following its historical returns.
Auto-correlation | -0.05 |
Very weak reverse predictability
XAI Octagon Floating has very weak reverse predictability. Overlapping area represents the amount of predictability between XAI Octagon 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 XAI Octagon Floating price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current XAI Octagon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
XAI Octagon Floating lagged returns against current returns
Autocorrelation, which is XAI Octagon preferred stock'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 XAI Octagon's preferred stock expected returns. We can calculate the autocorrelation of XAI Octagon returns to help us make a trade decision. For example, suppose you find that XAI Octagon has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
XAI Octagon 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 XAI Octagon preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XAI Octagon preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XAI Octagon preferred stock over time.
Current vs Lagged Prices |
| Timeline |
XAI Octagon Lagged Returns
When evaluating XAI Octagon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XAI Octagon preferred stock have on its future price. XAI Octagon 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, XAI Octagon autocorrelation shows the relationship between XAI Octagon preferred stock current value and its past values and can show if there is a momentum factor associated with investing in XAI Octagon Floating.
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 XAI Preferred Stock
XAI Octagon financial ratios help investors to determine whether XAI Preferred Stock 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 XAI with respect to the benefits of owning XAI Octagon security.