US20369EAE23 Market Value
| 20369EAE2 | 57.17 0.00 0.00% |
| Symbol | 20369EAE2 |
Please note, there is a significant difference between 20369EAE2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 20369EAE2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 20369EAE2's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
20369EAE2 '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 20369EAE2'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 20369EAE2.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in 20369EAE2 on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding US20369EAE23 or generate 0.0% return on investment in 20369EAE2 over 30 days. 20369EAE2 is related to or competes with Playtika Holding, Proficient Auto, Afya, Hafnia, Hasbro, Life Time, and Skillful Craftsman. More
20369EAE2 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 20369EAE2'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 US20369EAE23 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.09 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.61 |
20369EAE2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 20369EAE2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 20369EAE2's standard deviation. In reality, there are many statistical measures that can use 20369EAE2 historical prices to predict the future 20369EAE2's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (9.22) |
US20369EAE23 Backtested Returns
US20369EAE23 retains Efficiency (Sharpe Ratio) of -0.25, which signifies that the bond had a -0.25% return per unit of price deviation over the last 3 months. 20369EAE2 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 20369EAE2's Variance of 10.93, coefficient of variation of (1,800), and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.021, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 20369EAE2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 20369EAE2 is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
US20369EAE23 has good predictability. Overlapping area represents the amount of predictability between 20369EAE2 time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 US20369EAE23 price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current 20369EAE2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 21.58 |
US20369EAE23 lagged returns against current returns
Autocorrelation, which is 20369EAE2 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 20369EAE2's bond expected returns. We can calculate the autocorrelation of 20369EAE2 returns to help us make a trade decision. For example, suppose you find that 20369EAE2 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 |
20369EAE2 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 20369EAE2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 20369EAE2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 20369EAE2 bond over time.
Current vs Lagged Prices |
| Timeline |
20369EAE2 Lagged Returns
When evaluating 20369EAE2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 20369EAE2 bond have on its future price. 20369EAE2 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, 20369EAE2 autocorrelation shows the relationship between 20369EAE2 bond current value and its past values and can show if there is a momentum factor associated with investing in US20369EAE23.
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 20369EAE2 Bond
20369EAE2 financial ratios help investors to determine whether 20369EAE2 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 20369EAE2 with respect to the benefits of owning 20369EAE2 security.