BAC 5015 22 JUL 33 Market Value
| 06051GKY4 | 98.10 2.15 2.14% |
| Symbol | 06051GKY4 |
Please note, there is a significant difference between 06051GKY4's value and its price as these two are different measures arrived at by different means. Investors typically determine if 06051GKY4 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 06051GKY4'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.
06051GKY4 '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 06051GKY4'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 06051GKY4.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in 06051GKY4 on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding BAC 5015 22 JUL 33 or generate 0.0% return on investment in 06051GKY4 over 30 days. 06051GKY4 is related to or competes with 00108WAF7, 90331HPL1, Alphabet, InMode, BigBearai Holdings, IQIYI, and SoundHound. More
06051GKY4 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 06051GKY4'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 BAC 5015 22 JUL 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 0.8327 |
06051GKY4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06051GKY4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 06051GKY4's standard deviation. In reality, there are many statistical measures that can use 06051GKY4 historical prices to predict the future 06051GKY4's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.50) |
BAC 5015 22 Backtested Returns
BAC 5015 22 retains Efficiency (Sharpe Ratio) of -0.0773, which signifies that the bond had a -0.0773% return per unit of price deviation over the last 3 months. 06051GKY4 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 06051GKY4's Information Ratio of (0.29), variance of 0.4203, and Market Risk Adjusted Performance of (0.49) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 06051GKY4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 06051GKY4 is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
BAC 5015 22 JUL 33 has poor reverse predictability. Overlapping area represents the amount of predictability between 06051GKY4 time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 BAC 5015 22 price movement. The serial correlation of -0.36 indicates that just about 36.0% of current 06051GKY4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
BAC 5015 22 lagged returns against current returns
Autocorrelation, which is 06051GKY4 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 06051GKY4's bond expected returns. We can calculate the autocorrelation of 06051GKY4 returns to help us make a trade decision. For example, suppose you find that 06051GKY4 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 |
06051GKY4 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 06051GKY4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 06051GKY4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 06051GKY4 bond over time.
Current vs Lagged Prices |
| Timeline |
06051GKY4 Lagged Returns
When evaluating 06051GKY4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 06051GKY4 bond have on its future price. 06051GKY4 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, 06051GKY4 autocorrelation shows the relationship between 06051GKY4 bond current value and its past values and can show if there is a momentum factor associated with investing in BAC 5015 22 JUL 33.
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 06051GKY4 Bond
06051GKY4 financial ratios help investors to determine whether 06051GKY4 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 06051GKY4 with respect to the benefits of owning 06051GKY4 security.