US78490FLW76 Market Value
| 78490FLW7 | 75.11 13.80 15.52% |
| Symbol | 78490FLW7 |
Please note, there is a significant difference between 78490FLW7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 78490FLW7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 78490FLW7'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.
78490FLW7 '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 78490FLW7'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 78490FLW7.
| 04/30/2024 |
| 12/26/2024 |
If you would invest 0.00 in 78490FLW7 on April 30, 2024 and sell it all today you would earn a total of 0.00 from holding US78490FLW76 or generate 0.0% return on investment in 78490FLW7 over 240 days. 78490FLW7 is related to or competes with Marfrig Global, Harmony Gold, FitLife Brands,, Forsys Metals, Old Dominion, Skillful Craftsman, and BBB Foods. More
78490FLW7 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 78490FLW7'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 US78490FLW76 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.88 | |||
| Value At Risk | (8.30) | |||
| Potential Upside | 6.09 |
78490FLW7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 78490FLW7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 78490FLW7's standard deviation. In reality, there are many statistical measures that can use 78490FLW7 historical prices to predict the future 78490FLW7's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.92 |
US78490FLW76 Backtested Returns
US78490FLW76 retains Efficiency (Sharpe Ratio) of -0.0786, which signifies that the bond had a -0.0786% return per unit of price deviation over the last 3 months. 78490FLW7 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 78490FLW7's insignificant Risk Adjusted Performance, variance of 19.68, and Coefficient Of Variation of (7,751) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0351, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 78490FLW7 are expected to decrease at a much lower rate. During the bear market, 78490FLW7 is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
US78490FLW76 has weak reverse predictability. Overlapping area represents the amount of predictability between 78490FLW7 time series from 30th of April 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 US78490FLW76 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current 78490FLW7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 16.39 |
US78490FLW76 lagged returns against current returns
Autocorrelation, which is 78490FLW7 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 78490FLW7's bond expected returns. We can calculate the autocorrelation of 78490FLW7 returns to help us make a trade decision. For example, suppose you find that 78490FLW7 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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78490FLW7 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 78490FLW7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 78490FLW7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 78490FLW7 bond over time.
Current vs Lagged Prices |
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78490FLW7 Lagged Returns
When evaluating 78490FLW7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 78490FLW7 bond have on its future price. 78490FLW7 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, 78490FLW7 autocorrelation shows the relationship between 78490FLW7 bond current value and its past values and can show if there is a momentum factor associated with investing in US78490FLW76.
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 78490FLW7 Bond
78490FLW7 financial ratios help investors to determine whether 78490FLW7 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 78490FLW7 with respect to the benefits of owning 78490FLW7 security.