HNDA 47 12 JAN 28 Market Value
| 02665WED9 | 100.19 0.59 0.59% |
| Symbol | 02665WED9 |
Please note, there is a significant difference between 02665WED9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 02665WED9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 02665WED9'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.
02665WED9 '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 02665WED9'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 02665WED9.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in 02665WED9 on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding HNDA 47 12 JAN 28 or generate 0.0% return on investment in 02665WED9 over 510 days. 02665WED9 is related to or competes with WiMi Hologram, Aegon NV, Reservoir Media, Alvotech, Black Hills, Merit Medical, and Fidus Investment. More
02665WED9 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 02665WED9'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 HNDA 47 12 JAN 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.2791 |
02665WED9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 02665WED9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 02665WED9's standard deviation. In reality, there are many statistical measures that can use 02665WED9 historical prices to predict the future 02665WED9's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.6957 |
HNDA 47 12 Backtested Returns
HNDA 47 12 secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the bond had a -0.17% return per unit of price deviation over the last 3 months. HNDA 47 12 JAN 28 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 02665WED9's Mean Deviation of 0.2292, coefficient of variation of (2,945), and Information Ratio of (0.25) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.043, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 02665WED9 are expected to decrease at a much lower rate. During the bear market, 02665WED9 is likely to outperform the market.
Auto-correlation | 0.54 |
Modest predictability
HNDA 47 12 JAN 28 has modest predictability. Overlapping area represents the amount of predictability between 02665WED9 time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 HNDA 47 12 price movement. The serial correlation of 0.54 indicates that about 54.0% of current 02665WED9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
HNDA 47 12 lagged returns against current returns
Autocorrelation, which is 02665WED9 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 02665WED9's bond expected returns. We can calculate the autocorrelation of 02665WED9 returns to help us make a trade decision. For example, suppose you find that 02665WED9 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 |
02665WED9 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 02665WED9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 02665WED9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 02665WED9 bond over time.
Current vs Lagged Prices |
| Timeline |
02665WED9 Lagged Returns
When evaluating 02665WED9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 02665WED9 bond have on its future price. 02665WED9 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, 02665WED9 autocorrelation shows the relationship between 02665WED9 bond current value and its past values and can show if there is a momentum factor associated with investing in HNDA 47 12 JAN 28.
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 02665WED9 Bond
02665WED9 financial ratios help investors to determine whether 02665WED9 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 02665WED9 with respect to the benefits of owning 02665WED9 security.