NUE 2979 15 DEC 55 Market Value
| 670346AU9 | 69.38 0.00 0.00% |
| Symbol | 670346AU9 |
Please note, there is a significant difference between 670346AU9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 670346AU9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 670346AU9'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.
670346AU9 '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 670346AU9'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 670346AU9.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in 670346AU9 on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding NUE 2979 15 DEC 55 or generate 0.0% return on investment in 670346AU9 over 720 days. 670346AU9 is related to or competes with Celsius Holdings, Cementos Pacasmayo, Griffon, Naked Wines, Consol Energy, Vita Coco, and PepsiCo. More
670346AU9 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 670346AU9'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 NUE 2979 15 DEC 55 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 22.94 | |||
| Value At Risk | (7.49) | |||
| Potential Upside | 10.74 |
670346AU9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 670346AU9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 670346AU9's standard deviation. In reality, there are many statistical measures that can use 670346AU9 historical prices to predict the future 670346AU9's volatility.| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.1645 | |||
| Total Risk Alpha | 0.0443 | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | (0.68) |
NUE 2979 15 Backtested Returns
At this point, 670346AU9 is very steady. NUE 2979 15 secures Sharpe Ratio (or Efficiency) of 0.0529, which signifies that the bond had a 0.0529% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for NUE 2979 15 DEC 55, which you can use to evaluate the volatility of the entity. Please confirm 670346AU9's standard deviation of 4.11, and Mean Deviation of 2.01 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The bond shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 670346AU9 are expected to decrease at a much lower rate. During the bear market, 670346AU9 is likely to outperform the market.
Auto-correlation | 0.45 |
Average predictability
NUE 2979 15 DEC 55 has average predictability. Overlapping area represents the amount of predictability between 670346AU9 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 NUE 2979 15 price movement. The serial correlation of 0.45 indicates that just about 45.0% of current 670346AU9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 3.42 |
NUE 2979 15 lagged returns against current returns
Autocorrelation, which is 670346AU9 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 670346AU9's bond expected returns. We can calculate the autocorrelation of 670346AU9 returns to help us make a trade decision. For example, suppose you find that 670346AU9 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 |
670346AU9 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 670346AU9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 670346AU9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 670346AU9 bond over time.
Current vs Lagged Prices |
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670346AU9 Lagged Returns
When evaluating 670346AU9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 670346AU9 bond have on its future price. 670346AU9 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, 670346AU9 autocorrelation shows the relationship between 670346AU9 bond current value and its past values and can show if there is a momentum factor associated with investing in NUE 2979 15 DEC 55.
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 670346AU9 Bond
670346AU9 financial ratios help investors to determine whether 670346AU9 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 670346AU9 with respect to the benefits of owning 670346AU9 security.