BANK AMER P Market Value
| 060505DL5 | 105.22 7.50 6.65% |
| Symbol | 060505DL5 |
060505DL5 '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 060505DL5'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 060505DL5.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in 060505DL5 on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding BANK AMER P or generate 0.0% return on investment in 060505DL5 over 510 days. 060505DL5 is related to or competes with 00108WAF7, 90331HPL1, Recursion Pharmaceuticals, SoundHound, Bank of America, Sprott Focus, and IONQ. More
060505DL5 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 060505DL5'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 BANK AMER P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 5.59 |
060505DL5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 060505DL5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 060505DL5's standard deviation. In reality, there are many statistical measures that can use 060505DL5 historical prices to predict the future 060505DL5's volatility.| Risk Adjusted Performance | 0.0273 | |||
| Jensen Alpha | 0.0216 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1587 |
BANK AMER P Backtested Returns
BANK AMER P secures Sharpe Ratio (or Efficiency) of -0.0397, which signifies that the bond had a -0.0397% return per unit of price deviation over the last 3 months. BANK AMER P exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 060505DL5's Standard Deviation of 3.24, mean deviation of 2.54, and Coefficient Of Variation of 3706.17 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 060505DL5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 060505DL5 is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
BANK AMER P has below average predictability. Overlapping area represents the amount of predictability between 060505DL5 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 BANK AMER P price movement. The serial correlation of 0.37 indicates that just about 37.0% of current 060505DL5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 12.07 |
BANK AMER P lagged returns against current returns
Autocorrelation, which is 060505DL5 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 060505DL5's bond expected returns. We can calculate the autocorrelation of 060505DL5 returns to help us make a trade decision. For example, suppose you find that 060505DL5 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 |
060505DL5 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 060505DL5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 060505DL5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 060505DL5 bond over time.
Current vs Lagged Prices |
| Timeline |
060505DL5 Lagged Returns
When evaluating 060505DL5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 060505DL5 bond have on its future price. 060505DL5 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, 060505DL5 autocorrelation shows the relationship between 060505DL5 bond current value and its past values and can show if there is a momentum factor associated with investing in BANK AMER 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 060505DL5 Bond
060505DL5 financial ratios help investors to determine whether 060505DL5 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 060505DL5 with respect to the benefits of owning 060505DL5 security.