US337932AN77 Market Value
| 337932AN7 | 90.12 6.13 6.37% |
| Symbol | 337932AN7 |
337932AN7 '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 337932AN7'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 337932AN7.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 337932AN7 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding US337932AN77 or generate 0.0% return on investment in 337932AN7 over 30 days. 337932AN7 is related to or competes with United Fire, QBE Insurance, Hudson Pacific, Hanover Insurance, MGIC Investment, Aegon NV, and Old Republic. More
337932AN7 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 337932AN7'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 US337932AN77 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.4946 |
337932AN7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 337932AN7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 337932AN7's standard deviation. In reality, there are many statistical measures that can use 337932AN7 historical prices to predict the future 337932AN7's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.1601 |
US337932AN77 Backtested Returns
US337932AN77 retains Efficiency (Sharpe Ratio) of -0.0532, which signifies that the bond had a -0.0532% return per unit of price deviation over the last 3 months. 337932AN7 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 337932AN7's Coefficient Of Variation of (4,284), risk adjusted performance of (0.01), and Variance of 4.25 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 337932AN7 are expected to decrease at a much lower rate. During the bear market, 337932AN7 is likely to outperform the market.
Auto-correlation | 0.28 |
Poor predictability
US337932AN77 has poor predictability. Overlapping area represents the amount of predictability between 337932AN7 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 US337932AN77 price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current 337932AN7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 5.47 |
US337932AN77 lagged returns against current returns
Autocorrelation, which is 337932AN7 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 337932AN7's bond expected returns. We can calculate the autocorrelation of 337932AN7 returns to help us make a trade decision. For example, suppose you find that 337932AN7 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 |
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337932AN7 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 337932AN7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 337932AN7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 337932AN7 bond over time.
Current vs Lagged Prices |
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337932AN7 Lagged Returns
When evaluating 337932AN7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 337932AN7 bond have on its future price. 337932AN7 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, 337932AN7 autocorrelation shows the relationship between 337932AN7 bond current value and its past values and can show if there is a momentum factor associated with investing in US337932AN77.
Regressed Prices |
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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 337932AN7 Bond
337932AN7 financial ratios help investors to determine whether 337932AN7 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 337932AN7 with respect to the benefits of owning 337932AN7 security.