LYB 225 01 OCT 30 Market Value
| 50249AAG8 | 87.34 1.72 2.01% |
| Symbol | 50249AAG8 |
Please note, there is a significant difference between 50249AAG8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 50249AAG8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 50249AAG8'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.
50249AAG8 '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 50249AAG8'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 50249AAG8.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 50249AAG8 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding LYB 225 01 OCT 30 or generate 0.0% return on investment in 50249AAG8 over 30 days. 50249AAG8 is related to or competes with Evertz Technologies, Transocean, Western Digital, Digi International, Drilling Tools, Precision Drilling, and Payoneer Global. More
50249AAG8 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 50249AAG8'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 LYB 225 01 OCT 30 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.91 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 0.6982 |
50249AAG8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 50249AAG8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 50249AAG8's standard deviation. In reality, there are many statistical measures that can use 50249AAG8 historical prices to predict the future 50249AAG8's volatility.| Risk Adjusted Performance | 0.0086 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.02) |
LYB 225 01 Backtested Returns
LYB 225 01 retains Efficiency (Sharpe Ratio) of -0.0108, which signifies that the bond had a -0.0108% return per unit of price deviation over the last 3 months. 50249AAG8 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 50249AAG8's Standard Deviation of 1.34, market risk adjusted performance of (0.01), and Mean Deviation of 0.5789 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 50249AAG8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 50249AAG8 is expected to be smaller as well.
Auto-correlation | 0.09 |
Virtually no predictability
LYB 225 01 OCT 30 has virtually no predictability. Overlapping area represents the amount of predictability between 50249AAG8 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 LYB 225 01 price movement. The serial correlation of 0.09 indicates that less than 9.0% of current 50249AAG8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.85 |
LYB 225 01 lagged returns against current returns
Autocorrelation, which is 50249AAG8 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 50249AAG8's bond expected returns. We can calculate the autocorrelation of 50249AAG8 returns to help us make a trade decision. For example, suppose you find that 50249AAG8 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 |
50249AAG8 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 50249AAG8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 50249AAG8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 50249AAG8 bond over time.
Current vs Lagged Prices |
| Timeline |
50249AAG8 Lagged Returns
When evaluating 50249AAG8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 50249AAG8 bond have on its future price. 50249AAG8 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, 50249AAG8 autocorrelation shows the relationship between 50249AAG8 bond current value and its past values and can show if there is a momentum factor associated with investing in LYB 225 01 OCT 30.
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 50249AAG8 Bond
50249AAG8 financial ratios help investors to determine whether 50249AAG8 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 50249AAG8 with respect to the benefits of owning 50249AAG8 security.