ESSEX PORTFOLIO L Market Value
| 29717PAR8 | 98.26 0.61 0.62% |
| Symbol | ESSEX |
ESSEX '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 ESSEX'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 ESSEX.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in ESSEX on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding ESSEX PORTFOLIO L or generate 0.0% return on investment in ESSEX over 720 days. ESSEX is related to or competes with WEC Energy, Enel Chile, Suburban Propane, Valneva SE, RadNet, Xponential Fitness, and Transportadora. More
ESSEX 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 ESSEX'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 ESSEX PORTFOLIO L upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.15 |
ESSEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESSEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESSEX's standard deviation. In reality, there are many statistical measures that can use ESSEX historical prices to predict the future ESSEX's volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (3.82) |
ESSEX PORTFOLIO L Backtested Returns
ESSEX PORTFOLIO L secures Sharpe Ratio (or Efficiency) of -0.0192, which denotes the bond had a -0.0192% return per unit of volatility over the last 3 months. ESSEX PORTFOLIO L exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ESSEX's Standard Deviation of 0.9043, market risk adjusted performance of (3.81), and Mean Deviation of 0.4281 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0029, which means not very significant fluctuations relative to the market. As returns on the market increase, ESSEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ESSEX is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
ESSEX PORTFOLIO L has poor predictability. Overlapping area represents the amount of predictability between ESSEX time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 ESSEX PORTFOLIO L price movement. The serial correlation of 0.25 indicates that over 25.0% of current ESSEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
ESSEX PORTFOLIO L lagged returns against current returns
Autocorrelation, which is ESSEX 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 ESSEX's bond expected returns. We can calculate the autocorrelation of ESSEX returns to help us make a trade decision. For example, suppose you find that ESSEX 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 |
ESSEX 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 ESSEX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESSEX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESSEX bond over time.
Current vs Lagged Prices |
| Timeline |
ESSEX Lagged Returns
When evaluating ESSEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESSEX bond have on its future price. ESSEX 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, ESSEX autocorrelation shows the relationship between ESSEX bond current value and its past values and can show if there is a momentum factor associated with investing in ESSEX PORTFOLIO L.
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 ESSEX Bond
ESSEX financial ratios help investors to determine whether ESSEX 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 ESSEX with respect to the benefits of owning ESSEX security.