COMMONWEALTH EDISON 47 Market Value
| 202795JD3 | 89.89 3.31 3.55% |
| Symbol | COMMONWEALTH |
COMMONWEALTH '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 COMMONWEALTH'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 COMMONWEALTH.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in COMMONWEALTH on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding COMMONWEALTH EDISON 47 or generate 0.0% return on investment in COMMONWEALTH over 30 days. COMMONWEALTH is related to or competes with Boston Beer, Hudson Technologies, PepsiCo, Fomento Economico, Sealed Air, Oatly Group, and Chemours. More
COMMONWEALTH 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 COMMONWEALTH'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 COMMONWEALTH EDISON 47 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.14 |
COMMONWEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COMMONWEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COMMONWEALTH's standard deviation. In reality, there are many statistical measures that can use COMMONWEALTH historical prices to predict the future COMMONWEALTH's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.02) |
COMMONWEALTH EDISON Backtested Returns
COMMONWEALTH EDISON secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the bond had a -0.2% return per unit of risk over the last 3 months. COMMONWEALTH EDISON 47 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COMMONWEALTH's mean deviation of 0.9346, and Risk Adjusted Performance of 0.0111 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0944, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COMMONWEALTH are expected to decrease at a much lower rate. During the bear market, COMMONWEALTH is likely to outperform the market.
Auto-correlation | -0.97 |
Near perfect reversele predictability
COMMONWEALTH EDISON 47 has near perfect reversele predictability. Overlapping area represents the amount of predictability between COMMONWEALTH 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 COMMONWEALTH EDISON price movement. The serial correlation of -0.97 indicates that 97.0% of current COMMONWEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.97 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 4.14 |
COMMONWEALTH EDISON lagged returns against current returns
Autocorrelation, which is COMMONWEALTH 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 COMMONWEALTH's bond expected returns. We can calculate the autocorrelation of COMMONWEALTH returns to help us make a trade decision. For example, suppose you find that COMMONWEALTH 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 |
COMMONWEALTH 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 COMMONWEALTH bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COMMONWEALTH bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COMMONWEALTH bond over time.
Current vs Lagged Prices |
| Timeline |
COMMONWEALTH Lagged Returns
When evaluating COMMONWEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COMMONWEALTH bond have on its future price. COMMONWEALTH 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, COMMONWEALTH autocorrelation shows the relationship between COMMONWEALTH bond current value and its past values and can show if there is a momentum factor associated with investing in COMMONWEALTH EDISON 47.
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 COMMONWEALTH Bond
COMMONWEALTH financial ratios help investors to determine whether COMMONWEALTH 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 COMMONWEALTH with respect to the benefits of owning COMMONWEALTH security.