US02361DAM20 Market Value
| 02361DAM2 | 93.56 0.00 0.00% |
| Symbol | 02361DAM2 |
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.
| 06/13/2024 |
| 12/10/2024 |
If you would invest 0.00 in 02361DAM2 on June 13, 2024 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 180 days. 02361DAM2 is related to or competes with Xunlei, Magnite, Eastern, Tesla, Stagwell, Entravision Communications, and Merit Medical. 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.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.9 |
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.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.073 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.72) |
US02361DAM20 Backtested Returns
US02361DAM20 retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the bond had a -0.13% 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 0.0486 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0847, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 02361DAM2 are expected to decrease at a much lower rate. During the bear market, 02361DAM2 is likely to outperform the market.
Auto-correlation | -0.85 |
Excellent reverse predictability
US02361DAM20 has excellent reverse predictability. Overlapping area represents the amount of predictability between 02361DAM2 time series from 13th of June 2024 to 11th of September 2024 and 11th of September 2024 to 10th 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 -0.85 indicates that around 85.0% of current 02361DAM2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2.39 |
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 |
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 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.