CBAAU 5079 10 JAN 25 Market Value
| 20271RAQ3 | 100.01 0.00 0.00% |
| Symbol | CBAAU |
Please note, there is a significant difference between CBAAU's value and its price as these two are different measures arrived at by different means. Investors typically determine if CBAAU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CBAAU'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.
CBAAU '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 CBAAU'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 CBAAU.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in CBAAU on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding CBAAU 5079 10 JAN 25 or generate 0.0% return on investment in CBAAU over 30 days. CBAAU is related to or competes with Academy Sports, Emerson Radio, Boston Omaha, Canlan Ice, United Parks, and Life Time. More
CBAAU 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 CBAAU'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 CBAAU 5079 10 JAN 25 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.99) | |||
| Maximum Drawdown | 0.2099 | |||
| Value At Risk | (0.07) | |||
| Potential Upside | 0.08 |
CBAAU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CBAAU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CBAAU's standard deviation. In reality, there are many statistical measures that can use CBAAU historical prices to predict the future CBAAU's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.50) |
CBAAU 5079 10 Backtested Returns
CBAAU 5079 10 retains Efficiency (Sharpe Ratio) of -0.0122, which signifies that the bond had a -0.0122% return per unit of risk over the last 3 months. CBAAU exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CBAAU's market risk adjusted performance of (1.49), and Variance of 0.0017 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.007, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CBAAU's returns are expected to increase less than the market. However, during the bear market, the loss of holding CBAAU is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
CBAAU 5079 10 JAN 25 has good reverse predictability. Overlapping area represents the amount of predictability between CBAAU 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 CBAAU 5079 10 price movement. The serial correlation of -0.51 indicates that about 51.0% of current CBAAU price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CBAAU 5079 10 lagged returns against current returns
Autocorrelation, which is CBAAU 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 CBAAU's bond expected returns. We can calculate the autocorrelation of CBAAU returns to help us make a trade decision. For example, suppose you find that CBAAU 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 |
CBAAU 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 CBAAU bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CBAAU bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CBAAU bond over time.
Current vs Lagged Prices |
| Timeline |
CBAAU Lagged Returns
When evaluating CBAAU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CBAAU bond have on its future price. CBAAU 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, CBAAU autocorrelation shows the relationship between CBAAU bond current value and its past values and can show if there is a momentum factor associated with investing in CBAAU 5079 10 JAN 25.
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 CBAAU Bond
CBAAU financial ratios help investors to determine whether CBAAU 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 CBAAU with respect to the benefits of owning CBAAU security.