US06050WGN92 Market Value
| 06050WGN9 | 93.00 0.00 0.00% |
| Symbol | 06050WGN9 |
Please note, there is a significant difference between 06050WGN9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 06050WGN9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 06050WGN9'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.
06050WGN9 '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 06050WGN9'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 06050WGN9.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in 06050WGN9 on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding US06050WGN92 or generate 0.0% return on investment in 06050WGN9 over 720 days. 06050WGN9 is related to or competes with Flexible Solutions, ReTo Eco, IPG Photonics, Playtika Holding, Harmony Gold, Avient Corp, and Eldorado Gold. More
06050WGN9 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 06050WGN9'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 US06050WGN92 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0612 | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.63 |
06050WGN9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06050WGN9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06050WGN9's standard deviation. In reality, there are many statistical measures that can use 06050WGN9 historical prices to predict the future 06050WGN9's volatility.| Risk Adjusted Performance | 0.086 | |||
| Jensen Alpha | 0.2705 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | (0.99) |
US06050WGN92 Backtested Returns
At this point, 06050WGN9 is very steady. US06050WGN92 retains Efficiency (Sharpe Ratio) of 0.0567, which signifies that the bond had a 0.0567% return per unit of price deviation over the last 3 months. We have found twenty-five technical indicators for 06050WGN9, which you can use to evaluate the volatility of the entity. Please confirm 06050WGN9's Semi Deviation of 2.27, risk adjusted performance of 0.086, and Coefficient Of Variation of 918.93 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The bond owns a Beta (Systematic Risk) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 06050WGN9 are expected to decrease at a much lower rate. During the bear market, 06050WGN9 is likely to outperform the market.
Auto-correlation | 0.01 |
Virtually no predictability
US06050WGN92 has virtually no predictability. Overlapping area represents the amount of predictability between 06050WGN9 time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 US06050WGN92 price movement. The serial correlation of 0.01 indicates that just 1.0% of current 06050WGN9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 6.12 |
US06050WGN92 lagged returns against current returns
Autocorrelation, which is 06050WGN9 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 06050WGN9's bond expected returns. We can calculate the autocorrelation of 06050WGN9 returns to help us make a trade decision. For example, suppose you find that 06050WGN9 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 |
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06050WGN9 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 06050WGN9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06050WGN9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06050WGN9 bond over time.
Current vs Lagged Prices |
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06050WGN9 Lagged Returns
When evaluating 06050WGN9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06050WGN9 bond have on its future price. 06050WGN9 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, 06050WGN9 autocorrelation shows the relationship between 06050WGN9 bond current value and its past values and can show if there is a momentum factor associated with investing in US06050WGN92.
Regressed Prices |
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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 06050WGN9 Bond
06050WGN9 financial ratios help investors to determine whether 06050WGN9 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 06050WGN9 with respect to the benefits of owning 06050WGN9 security.