US126650BQ21 Market Value
| 126650BQ2 | 103.41 0.00 0.00% |
| Symbol | 126650BQ2 |
126650BQ2 '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 126650BQ2'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 126650BQ2.
| 04/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in 126650BQ2 on April 13, 2024 and sell it all today you would earn a total of 0.00 from holding US126650BQ21 or generate 0.0% return on investment in 126650BQ2 over 30 days.
126650BQ2 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 126650BQ2'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 US126650BQ21 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.72 |
126650BQ2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 126650BQ2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 126650BQ2's standard deviation. In reality, there are many statistical measures that can use 126650BQ2 historical prices to predict the future 126650BQ2's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.0074 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1421 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 126650BQ2's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 126650BQ2. Your research has to be compared to or analyzed against 126650BQ2's peers to derive any actionable benefits. When done correctly, 126650BQ2's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in US126650BQ21.
US126650BQ21 Backtested Returns
We consider 126650BQ2 very steady. US126650BQ21 retains Efficiency (Sharpe Ratio) of 0.0099, which signifies that the bond had a 0.0099% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 126650BQ2, which you can use to evaluate the volatility of the entity. Please confirm 126650BQ2's Semi Deviation of 1.84, risk adjusted performance of 0.0148, and Coefficient Of Variation of 7830.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.0116%. The bond owns a Beta (Systematic Risk) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 126650BQ2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 126650BQ2 is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
US126650BQ21 has poor predictability. Overlapping area represents the amount of predictability between 126650BQ2 time series from 13th of April 2024 to 28th of April 2024 and 28th of April 2024 to 13th of May 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 US126650BQ21 price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current 126650BQ2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
US126650BQ21 lagged returns against current returns
Autocorrelation, which is 126650BQ2 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 126650BQ2's bond expected returns. We can calculate the autocorrelation of 126650BQ2 returns to help us make a trade decision. For example, suppose you find that 126650BQ2 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 |
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126650BQ2 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 126650BQ2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 126650BQ2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 126650BQ2 bond over time.
Current vs Lagged Prices |
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126650BQ2 Lagged Returns
When evaluating 126650BQ2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 126650BQ2 bond have on its future price. 126650BQ2 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, 126650BQ2 autocorrelation shows the relationship between 126650BQ2 bond current value and its past values and can show if there is a momentum factor associated with investing in US126650BQ21.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 126650BQ2 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 126650BQ2's short interest history, or implied volatility extrapolated from 126650BQ2 options trading.
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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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the US126650BQ21 information on this page should be used as a complementary analysis to other 126650BQ2's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
126650BQ2 technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.