NUTRIEN LTD Market Value
| 67077MAU2 | 101.45 8.19 8.78% |
| Symbol | 67077MAU2 |
67077MAU2 '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 67077MAU2'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 67077MAU2.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in 67077MAU2 on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding NUTRIEN LTD or generate 0.0% return on investment in 67077MAU2 over 720 days. 67077MAU2 is related to or competes with Usio, Merit Medical, NETGEAR, Paysafe, Franklin Wireless, and Valneva SE. More
67077MAU2 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 67077MAU2'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 NUTRIEN LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.93 |
67077MAU2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67077MAU2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67077MAU2's standard deviation. In reality, there are many statistical measures that can use 67077MAU2 historical prices to predict the future 67077MAU2's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.1601 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 0.9491 |
NUTRIEN LTD Backtested Returns
67077MAU2 appears to be very steady, given 3 months investment horizon. NUTRIEN LTD secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the bond had a 0.11% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for NUTRIEN LTD, which you can use to evaluate the volatility of the entity. Please makes use of 67077MAU2's downside deviation of 1.58, and Mean Deviation of 1.08 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 67077MAU2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 67077MAU2 is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
NUTRIEN LTD has poor predictability. Overlapping area represents the amount of predictability between 67077MAU2 time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 NUTRIEN LTD price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current 67077MAU2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 4.54 |
NUTRIEN LTD lagged returns against current returns
Autocorrelation, which is 67077MAU2 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 67077MAU2's bond expected returns. We can calculate the autocorrelation of 67077MAU2 returns to help us make a trade decision. For example, suppose you find that 67077MAU2 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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67077MAU2 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 67077MAU2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67077MAU2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67077MAU2 bond over time.
Current vs Lagged Prices |
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67077MAU2 Lagged Returns
When evaluating 67077MAU2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67077MAU2 bond have on its future price. 67077MAU2 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, 67077MAU2 autocorrelation shows the relationship between 67077MAU2 bond current value and its past values and can show if there is a momentum factor associated with investing in NUTRIEN LTD.
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 67077MAU2 Bond
67077MAU2 financial ratios help investors to determine whether 67077MAU2 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 67077MAU2 with respect to the benefits of owning 67077MAU2 security.