US02361DAM20 Market Value

02361DAM2   93.56  0.00  0.00%   
02361DAM2's market value is the price at which a share of 02361DAM2 trades on an exchange. It measures the collective expectations of US02361DAM20 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of US02361DAM20 and determine expected loss or profit from investing in 02361DAM2 over a given investment horizon.
Check out 02361DAM2 Correlation, 02361DAM2 Volatility and 02361DAM2 Alpha and Beta module to complement your research on 02361DAM2.
Symbol

Please note, there is a significant difference between 02361DAM2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 02361DAM2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 02361DAM2'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.

02361DAM2 '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 02361DAM2'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 02361DAM2.
0.00
10/12/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
12/05/2024
0.00
If you would invest  0.00  in 02361DAM2 on October 12, 2023 and sell it all today you would earn a total of 0.00 from holding US02361DAM20 or generate 0.0% return on investment in 02361DAM2 over 420 days. 02361DAM2 is related to or competes with Fast Retailing, Western Acquisition, Coupang LLC, ATRenew, Lululemon Athletica, and Aldel Financial. More

02361DAM2 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 02361DAM2'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 US02361DAM20 upside and downside potential and time the market with a certain degree of confidence.

02361DAM2 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for 02361DAM2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 02361DAM2's standard deviation. In reality, there are many statistical measures that can use 02361DAM2 historical prices to predict the future 02361DAM2's volatility.
Hype
Prediction
LowEstimatedHigh
92.5393.5694.59
Details
Intrinsic
Valuation
LowRealHigh
77.0978.12102.92
Details
Naive
Forecast
LowNextHigh
93.2594.2895.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
90.7791.9693.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 02361DAM2. Your research has to be compared to or analyzed against 02361DAM2's peers to derive any actionable benefits. When done correctly, 02361DAM2'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 US02361DAM20.

US02361DAM20 Backtested Returns

US02361DAM20 retains Efficiency (Sharpe Ratio) of -0.1, which signifies that the bond had a -0.1% return per unit of price deviation over the last 3 months. 02361DAM2 exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 02361DAM2's Coefficient Of Variation of 1629.05, semi deviation of 0.981, and Risk Adjusted Performance of 0.049 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.079, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 02361DAM2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 02361DAM2 is expected to be smaller as well.

Auto-correlation

    
  0.56  

Modest predictability

US02361DAM20 has modest predictability. Overlapping area represents the amount of predictability between 02361DAM2 time series from 12th of October 2023 to 9th of May 2024 and 9th of May 2024 to 5th 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 US02361DAM20 price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current 02361DAM2 price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.52
Residual Average0.0
Price Variance4.94

US02361DAM20 lagged returns against current returns

Autocorrelation, which is 02361DAM2 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 02361DAM2's bond expected returns. We can calculate the autocorrelation of 02361DAM2 returns to help us make a trade decision. For example, suppose you find that 02361DAM2 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  

02361DAM2 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 02361DAM2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 02361DAM2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 02361DAM2 bond over time.
   Current vs Lagged Prices   
       Timeline  

02361DAM2 Lagged Returns

When evaluating 02361DAM2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 02361DAM2 bond have on its future price. 02361DAM2 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, 02361DAM2 autocorrelation shows the relationship between 02361DAM2 bond current value and its past values and can show if there is a momentum factor associated with investing in US02361DAM20.
   Regressed Prices   
       Timeline  

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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.

Other Information on Investing in 02361DAM2 Bond

02361DAM2 financial ratios help investors to determine whether 02361DAM2 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 02361DAM2 with respect to the benefits of owning 02361DAM2 security.