NSC 3 15 MAR 32 Market Value
| 655844CM8 | 87.53 0.13 0.15% |
| Symbol | 655844CM8 |
Please note, there is a significant difference between 655844CM8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 655844CM8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 655844CM8'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.
655844CM8 '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 655844CM8'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 655844CM8.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in 655844CM8 on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding NSC 3 15 MAR 32 or generate 0.0% return on investment in 655844CM8 over 720 days. 655844CM8 is related to or competes with 00108WAF7, 90331HPL1, Republic Bancorp, BYD Co, Fast Retailing, RCM Technologies, and Trio Tech. More
655844CM8 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 655844CM8'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 NSC 3 15 MAR 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.77 |
655844CM8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 655844CM8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 655844CM8's standard deviation. In reality, there are many statistical measures that can use 655844CM8 historical prices to predict the future 655844CM8's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.8617 |
655844CM8 Backtested Returns
655844CM8 retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the bond had a -0.14% return per unit of price deviation over the last 3 months. 655844CM8 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 655844CM8's Information Ratio of (0.05), mean deviation of 0.7722, and Market Risk Adjusted Performance of 0.8717 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0711, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 655844CM8 are expected to decrease at a much lower rate. During the bear market, 655844CM8 is likely to outperform the market.
Auto-correlation | -0.15 |
Insignificant reverse predictability
NSC 3 15 MAR 32 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 655844CM8 time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 655844CM8 price movement. The serial correlation of -0.15 indicates that less than 15.0% of current 655844CM8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3.66 |
655844CM8 lagged returns against current returns
Autocorrelation, which is 655844CM8 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 655844CM8's bond expected returns. We can calculate the autocorrelation of 655844CM8 returns to help us make a trade decision. For example, suppose you find that 655844CM8 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 |
655844CM8 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 655844CM8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 655844CM8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 655844CM8 bond over time.
Current vs Lagged Prices |
| Timeline |
655844CM8 Lagged Returns
When evaluating 655844CM8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 655844CM8 bond have on its future price. 655844CM8 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, 655844CM8 autocorrelation shows the relationship between 655844CM8 bond current value and its past values and can show if there is a momentum factor associated with investing in NSC 3 15 MAR 32.
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 655844CM8 Bond
655844CM8 financial ratios help investors to determine whether 655844CM8 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 655844CM8 with respect to the benefits of owning 655844CM8 security.