744320AV4's market value is the price at which a share of 744320AV4 trades on an exchange. It measures the collective expectations of US744320AV41 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of US744320AV41 and determine expected loss or profit from investing in 744320AV4 over a given investment horizon. 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 closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
744320AV4
744320AV4 '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 744320AV4'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 744320AV4.
0.00
06/17/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
06/06/2024
0.00
If you would invest 0.00 in 744320AV4 on June 17, 2022 and sell it all today you would earn a total of 0.00 from holding US744320AV41 or generate 0.0% return on investment in 744320AV4 over 720 days.
744320AV4 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 744320AV4'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 US744320AV41 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 744320AV4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 744320AV4's standard deviation. In reality, there are many statistical measures that can use 744320AV4 historical prices to predict the future 744320AV4's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 744320AV4'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 744320AV4. Your research has to be compared to or analyzed against 744320AV4's peers to derive any actionable benefits. When done correctly, 744320AV4'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 US744320AV41.
US744320AV41 Backtested Returns
US744320AV41 retains Efficiency (Sharpe Ratio) of -0.0202, which signifies that the bond had a -0.0202% return per unit of price deviation over the last 3 months. 744320AV4 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 744320AV4's Variance of 1.36, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,870) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 744320AV4 are expected to decrease at a much lower rate. During the bear market, 744320AV4 is likely to outperform the market.
Auto-correlation
0.27
Poor predictability
US744320AV41 has poor predictability. Overlapping area represents the amount of predictability between 744320AV4 time series from 17th of June 2022 to 12th of June 2023 and 12th of June 2023 to 6th of June 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 US744320AV41 price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current 744320AV4 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
1.6
US744320AV41 lagged returns against current returns
Autocorrelation, which is 744320AV4 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 744320AV4's bond expected returns. We can calculate the autocorrelation of 744320AV4 returns to help us make a trade decision. For example, suppose you find that 744320AV4 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
744320AV4 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 744320AV4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 744320AV4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 744320AV4 bond over time.
Current vs Lagged Prices
Timeline
744320AV4 Lagged Returns
When evaluating 744320AV4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 744320AV4 bond have on its future price. 744320AV4 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, 744320AV4 autocorrelation shows the relationship between 744320AV4 bond current value and its past values and can show if there is a momentum factor associated with investing in US744320AV41.
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.