BANC ONE P Market Value
| 059438AG6 | 102.73 0.92 0.90% |
| Symbol | 059438AG6 |
059438AG6 '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 059438AG6'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 059438AG6.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in 059438AG6 on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding BANC ONE P or generate 0.0% return on investment in 059438AG6 over 90 days. 059438AG6 is related to or competes with Compania Cervecerias, National Beverage, Merit Medical, EnVVeno Medical, Viemed Healthcare, Fomento Economico, and Neogen. More
059438AG6 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 059438AG6'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 BANC ONE P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2359 | |||
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.02 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.4287 |
059438AG6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 059438AG6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 059438AG6's standard deviation. In reality, there are many statistical measures that can use 059438AG6 historical prices to predict the future 059438AG6's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.51) | |||
| Treynor Ratio | (0.15) |
BANC ONE P Backtested Returns
At this point, 059438AG6 is very steady. BANC ONE P secures Sharpe Ratio (or Efficiency) of 0.0069, which signifies that the bond had a 0.0069% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for BANC ONE P, which you can use to evaluate the volatility of the entity. Please confirm 059438AG6's Mean Deviation of 0.1715, coefficient of variation of 7654.75, and Standard Deviation of 0.2356 to double-check if the risk estimate we provide is consistent with the expected return of 0.0015%. The entity shows a Beta (market volatility) of 0.0472, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 059438AG6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 059438AG6 is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
BANC ONE P has virtually no predictability. Overlapping area represents the amount of predictability between 059438AG6 time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 BANC ONE P price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current 059438AG6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BANC ONE P lagged returns against current returns
Autocorrelation, which is 059438AG6 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 059438AG6's bond expected returns. We can calculate the autocorrelation of 059438AG6 returns to help us make a trade decision. For example, suppose you find that 059438AG6 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 |
059438AG6 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 059438AG6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 059438AG6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 059438AG6 bond over time.
Current vs Lagged Prices |
| Timeline |
059438AG6 Lagged Returns
When evaluating 059438AG6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 059438AG6 bond have on its future price. 059438AG6 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, 059438AG6 autocorrelation shows the relationship between 059438AG6 bond current value and its past values and can show if there is a momentum factor associated with investing in BANC ONE P.
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 059438AG6 Bond
059438AG6 financial ratios help investors to determine whether 059438AG6 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 059438AG6 with respect to the benefits of owning 059438AG6 security.