US156700BD72 Market Value
| 156700BD7 | 44.00 42.62 49.20% |
| Symbol | 156700BD7 |
156700BD7 '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 156700BD7'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 156700BD7.
| 09/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in 156700BD7 on September 17, 2024 and sell it all today you would earn a total of 0.00 from holding US156700BD72 or generate 0.0% return on investment in 156700BD7 over 90 days. 156700BD7 is related to or competes with Timken, Rocky Brands, China Aircraft, Skechers USA, Hertz Global, Triton International, and European Wax. More
156700BD7 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 156700BD7'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 US156700BD72 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 63.93 | |||
| Value At Risk | (17.82) | |||
| Potential Upside | 3.42 |
156700BD7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 156700BD7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 156700BD7's standard deviation. In reality, there are many statistical measures that can use 156700BD7 historical prices to predict the future 156700BD7's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (1.31) | |||
| Treynor Ratio | (0.50) |
US156700BD72 Backtested Returns
US156700BD72 retains Efficiency (Sharpe Ratio) of -0.0525, which signifies that the bond had a -0.0525% return per unit of price deviation over the last 3 months. 156700BD7 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 156700BD7's Risk Adjusted Performance of (0.01), coefficient of variation of (4,186), and Variance of 77.27 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 156700BD7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 156700BD7 is expected to be smaller as well.
Auto-correlation | -0.27 |
Weak reverse predictability
US156700BD72 has weak reverse predictability. Overlapping area represents the amount of predictability between 156700BD7 time series from 17th of September 2024 to 1st of November 2024 and 1st of November 2024 to 16th 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 US156700BD72 price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current 156700BD7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 77.18 |
US156700BD72 lagged returns against current returns
Autocorrelation, which is 156700BD7 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 156700BD7's bond expected returns. We can calculate the autocorrelation of 156700BD7 returns to help us make a trade decision. For example, suppose you find that 156700BD7 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 |
156700BD7 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 156700BD7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 156700BD7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 156700BD7 bond over time.
Current vs Lagged Prices |
| Timeline |
156700BD7 Lagged Returns
When evaluating 156700BD7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 156700BD7 bond have on its future price. 156700BD7 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, 156700BD7 autocorrelation shows the relationship between 156700BD7 bond current value and its past values and can show if there is a momentum factor associated with investing in US156700BD72.
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 156700BD7 Bond
156700BD7 financial ratios help investors to determine whether 156700BD7 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 156700BD7 with respect to the benefits of owning 156700BD7 security.