PRXNA 4193 19 JAN 32 Market Value

74365PAH1   83.50  0.13  0.16%   
PRXNA's market value is the price at which a share of PRXNA trades on an exchange. It measures the collective expectations of PRXNA 4193 19 JAN 32 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of PRXNA 4193 19 JAN 32 and determine expected loss or profit from investing in PRXNA over a given investment horizon.
Check out PRXNA Correlation, PRXNA Volatility and PRXNA Alpha and Beta module to complement your research on PRXNA.
Symbol

Please note, there is a significant difference between PRXNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if PRXNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PRXNA'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.

PRXNA '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 PRXNA'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 PRXNA.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in PRXNA on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding PRXNA 4193 19 JAN 32 or generate 0.0% return on investment in PRXNA over 510 days. PRXNA is related to or competes with 00108WAF7, 90331HPL1, Alphabet, InMode, BigBearai Holdings, IQIYI, and SoundHound. More

PRXNA 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 PRXNA'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 PRXNA 4193 19 JAN 32 upside and downside potential and time the market with a certain degree of confidence.

PRXNA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PRXNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRXNA's standard deviation. In reality, there are many statistical measures that can use PRXNA historical prices to predict the future PRXNA's volatility.
Hype
Prediction
LowEstimatedHigh
81.7883.5085.22
Details
Intrinsic
Valuation
LowRealHigh
68.6170.3391.85
Details
Naive
Forecast
LowNextHigh
77.7279.4481.16
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
82.8790.5798.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PRXNA. Your research has to be compared to or analyzed against PRXNA's peers to derive any actionable benefits. When done correctly, PRXNA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PRXNA 4193 19.

PRXNA 4193 19 Backtested Returns

PRXNA 4193 19 maintains Sharpe Ratio (i.e., Efficiency) of -0.25, which implies the entity had a -0.25% return per unit of standard deviation over the last 3 months. PRXNA 4193 19 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PRXNA's Coefficient Of Variation of (13,065), market risk adjusted performance of 0.0841, and Risk Adjusted Performance of 0.002 to confirm the risk estimate we provide. The bond holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PRXNA are expected to decrease at a much lower rate. During the bear market, PRXNA is likely to outperform the market.

Auto-correlation

    
  0.62  

Good predictability

PRXNA 4193 19 JAN 32 has good predictability. Overlapping area represents the amount of predictability between PRXNA time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 PRXNA 4193 19 price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current PRXNA price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.71
Residual Average0.0
Price Variance7.73

PRXNA 4193 19 lagged returns against current returns

Autocorrelation, which is PRXNA 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 PRXNA's bond expected returns. We can calculate the autocorrelation of PRXNA returns to help us make a trade decision. For example, suppose you find that PRXNA 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  

PRXNA 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 PRXNA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRXNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRXNA bond over time.
   Current vs Lagged Prices   
       Timeline  

PRXNA Lagged Returns

When evaluating PRXNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRXNA bond have on its future price. PRXNA 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, PRXNA autocorrelation shows the relationship between PRXNA bond current value and its past values and can show if there is a momentum factor associated with investing in PRXNA 4193 19 JAN 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 PRXNA Bond

PRXNA financial ratios help investors to determine whether PRXNA 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 PRXNA with respect to the benefits of owning PRXNA security.