ABXCN 635 15 OCT 36 Market Value
| 06849AAB5 | 107.05 1.36 1.29% |
| Symbol | ABXCN |
Please note, there is a significant difference between ABXCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ABXCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABXCN'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.
ABXCN '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 ABXCN'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 ABXCN.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in ABXCN on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding ABXCN 635 15 OCT 36 or generate 0.0% return on investment in ABXCN over 30 days. ABXCN is related to or competes with United Parks, Jutal Offshore, Cincinnati Financial, Playtech Plc, Sonos, Assurant, and Hasbro. More
ABXCN 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 ABXCN'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 ABXCN 635 15 OCT 36 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8938 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.41 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.64 |
ABXCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABXCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABXCN's standard deviation. In reality, there are many statistical measures that can use ABXCN historical prices to predict the future ABXCN's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.07) |
ABXCN 635 15 Backtested Returns
ABXCN 635 15 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of volatility over the last 3 months. ABXCN 635 15 OCT 36 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABXCN's Coefficient Of Variation of 137801.5, market risk adjusted performance of (0.06), and Mean Deviation of 0.7592 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ABXCN's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABXCN is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
ABXCN 635 15 OCT 36 has poor reverse predictability. Overlapping area represents the amount of predictability between ABXCN time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 ABXCN 635 15 price movement. The serial correlation of -0.37 indicates that just about 37.0% of current ABXCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
ABXCN 635 15 lagged returns against current returns
Autocorrelation, which is ABXCN 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 ABXCN's bond expected returns. We can calculate the autocorrelation of ABXCN returns to help us make a trade decision. For example, suppose you find that ABXCN 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 |
ABXCN 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 ABXCN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABXCN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABXCN bond over time.
Current vs Lagged Prices |
| Timeline |
ABXCN Lagged Returns
When evaluating ABXCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABXCN bond have on its future price. ABXCN 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, ABXCN autocorrelation shows the relationship between ABXCN bond current value and its past values and can show if there is a momentum factor associated with investing in ABXCN 635 15 OCT 36.
Regressed Prices |
| Timeline |
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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 ABXCN Bond
ABXCN financial ratios help investors to determine whether ABXCN 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 ABXCN with respect to the benefits of owning ABXCN security.