US78490FMG18 Market Value
| 78490FMG1 | 90.90 0.00 0.00% |
| Symbol | 78490FMG1 |
Please note, there is a significant difference between 78490FMG1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 78490FMG1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 78490FMG1'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.
78490FMG1 '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 78490FMG1'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 78490FMG1.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in 78490FMG1 on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding US78490FMG18 or generate 0.0% return on investment in 78490FMG1 over 30 days. 78490FMG1 is related to or competes with ANTA Sports, Valneva SE, Emerson Radio, JD Sports, Xponential Fitness, Arrow Electronics, and Mattel. More
78490FMG1 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 78490FMG1'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 US78490FMG18 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 17.12 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.57 |
78490FMG1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 78490FMG1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 78490FMG1's standard deviation. In reality, there are many statistical measures that can use 78490FMG1 historical prices to predict the future 78490FMG1's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.1986 | |||
| Total Risk Alpha | 0.076 | |||
| Sortino Ratio | 0.0502 | |||
| Treynor Ratio | 0.434 |
US78490FMG18 Backtested Returns
At this point, 78490FMG1 is very steady. US78490FMG18 retains Efficiency (Sharpe Ratio) of 0.0182, which signifies that the bond had a 0.0182% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 78490FMG1, which you can use to evaluate the volatility of the entity. Please confirm 78490FMG1's Risk Adjusted Performance of 0.0636, semi deviation of 3.09, and Coefficient Of Variation of 1425.45 to double-check if the risk estimate we provide is consistent with the expected return of 0.0374%. The bond owns a Beta (Systematic Risk) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 78490FMG1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 78490FMG1 is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
US78490FMG18 has below average predictability. Overlapping area represents the amount of predictability between 78490FMG1 time series from 26th of November 2024 to 11th of December 2024 and 11th of December 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 US78490FMG18 price movement. The serial correlation of 0.39 indicates that just about 39.0% of current 78490FMG1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 18.22 |
US78490FMG18 lagged returns against current returns
Autocorrelation, which is 78490FMG1 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 78490FMG1's bond expected returns. We can calculate the autocorrelation of 78490FMG1 returns to help us make a trade decision. For example, suppose you find that 78490FMG1 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 |
78490FMG1 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 78490FMG1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 78490FMG1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 78490FMG1 bond over time.
Current vs Lagged Prices |
| Timeline |
78490FMG1 Lagged Returns
When evaluating 78490FMG1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 78490FMG1 bond have on its future price. 78490FMG1 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, 78490FMG1 autocorrelation shows the relationship between 78490FMG1 bond current value and its past values and can show if there is a momentum factor associated with investing in US78490FMG18.
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 78490FMG1 Bond
78490FMG1 financial ratios help investors to determine whether 78490FMG1 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 78490FMG1 with respect to the benefits of owning 78490FMG1 security.