US78490FA587 Market Value
| 78490FA58 | 88.79 0.00 0.00% |
| Symbol | 78490FA58 |
Please note, there is a significant difference between 78490FA58's value and its price as these two are different measures arrived at by different means. Investors typically determine if 78490FA58 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 78490FA58'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.
78490FA58 '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 78490FA58'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 78490FA58.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in 78490FA58 on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding US78490FA587 or generate 0.0% return on investment in 78490FA58 over 720 days. 78490FA58 is related to or competes with Boston Properties, Tradeweb Markets, SL Green, United Homes, Sea, Addus HomeCare, and Titan Machinery. More
78490FA58 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 78490FA58'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 US78490FA587 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 16.69 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 6.81 |
78490FA58 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 78490FA58's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 78490FA58's standard deviation. In reality, there are many statistical measures that can use 78490FA58 historical prices to predict the future 78490FA58's volatility.| Risk Adjusted Performance | 0.0974 | |||
| Jensen Alpha | 0.4196 | |||
| Total Risk Alpha | 0.205 | |||
| Sortino Ratio | 0.1103 | |||
| Treynor Ratio | (1.32) |
US78490FA587 Backtested Returns
78490FA58 appears to be very steady, given 3 months investment horizon. US78490FA587 retains Efficiency (Sharpe Ratio) of 0.15, which signifies that the bond had a 0.15% return per unit of price deviation over the last 3 months. By evaluating 78490FA58's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of 78490FA58's Semi Deviation of 2.68, risk adjusted performance of 0.0974, and Coefficient Of Variation of 887.09 to double-check if our risk estimates are consistent with your expectations. The bond owns a Beta (Systematic Risk) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 78490FA58 are expected to decrease at a much lower rate. During the bear market, 78490FA58 is likely to outperform the market.
Auto-correlation | -0.15 |
Insignificant reverse predictability
US78490FA587 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 78490FA58 time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 US78490FA587 price movement. The serial correlation of -0.15 indicates that less than 15.0% of current 78490FA58 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5.73 |
US78490FA587 lagged returns against current returns
Autocorrelation, which is 78490FA58 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 78490FA58's bond expected returns. We can calculate the autocorrelation of 78490FA58 returns to help us make a trade decision. For example, suppose you find that 78490FA58 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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78490FA58 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 78490FA58 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 78490FA58 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 78490FA58 bond over time.
Current vs Lagged Prices |
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78490FA58 Lagged Returns
When evaluating 78490FA58's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 78490FA58 bond have on its future price. 78490FA58 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, 78490FA58 autocorrelation shows the relationship between 78490FA58 bond current value and its past values and can show if there is a momentum factor associated with investing in US78490FA587.
Regressed Prices |
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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 78490FA58 Bond
78490FA58 financial ratios help investors to determine whether 78490FA58 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 78490FA58 with respect to the benefits of owning 78490FA58 security.