POTOMAC ELEC PWR Market Value
| 737679DE7 | 87.14 1.12 1.30% |
| Symbol | POTOMAC |
POTOMAC '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 POTOMAC'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 POTOMAC.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in POTOMAC on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding POTOMAC ELEC PWR or generate 0.0% return on investment in POTOMAC over 570 days. POTOMAC is related to or competes with 00108WAF7, 90331HPL1, International Business, Intel, Home Depot, Verizon Communications, and Boeing. More
POTOMAC 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 POTOMAC'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 POTOMAC ELEC PWR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.44 |
POTOMAC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POTOMAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POTOMAC's standard deviation. In reality, there are many statistical measures that can use POTOMAC historical prices to predict the future POTOMAC's volatility.| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.05 |
POTOMAC ELEC PWR Backtested Returns
POTOMAC ELEC PWR maintains Sharpe Ratio (i.e., Efficiency) of -0.0047, which implies the entity had a -0.0047% return per unit of standard deviation over the last 3 months. POTOMAC ELEC PWR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check POTOMAC's Market Risk Adjusted Performance of 0.06, semi deviation of 1.25, and Risk Adjusted Performance of 0.0123 to confirm the risk estimate we provide. The bond holds a Beta of 0.0914, which implies not very significant fluctuations relative to the market. As returns on the market increase, POTOMAC's returns are expected to increase less than the market. However, during the bear market, the loss of holding POTOMAC is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
POTOMAC ELEC PWR has below average predictability. Overlapping area represents the amount of predictability between POTOMAC time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 POTOMAC ELEC PWR price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current POTOMAC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 5.94 |
POTOMAC ELEC PWR lagged returns against current returns
Autocorrelation, which is POTOMAC 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 POTOMAC's bond expected returns. We can calculate the autocorrelation of POTOMAC returns to help us make a trade decision. For example, suppose you find that POTOMAC 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 |
POTOMAC 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 POTOMAC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POTOMAC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POTOMAC bond over time.
Current vs Lagged Prices |
| Timeline |
POTOMAC Lagged Returns
When evaluating POTOMAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POTOMAC bond have on its future price. POTOMAC 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, POTOMAC autocorrelation shows the relationship between POTOMAC bond current value and its past values and can show if there is a momentum factor associated with investing in POTOMAC ELEC PWR.
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 POTOMAC Bond
POTOMAC financial ratios help investors to determine whether POTOMAC 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 POTOMAC with respect to the benefits of owning POTOMAC security.