TRANSOCEAN INC 75 Market Value
| 893830AF6 | 69.61 24.64 26.14% |
| Symbol | TRANSOCEAN |
TRANSOCEAN '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 TRANSOCEAN'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 TRANSOCEAN.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in TRANSOCEAN on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding TRANSOCEAN INC 75 or generate 0.0% return on investment in TRANSOCEAN over 30 days. TRANSOCEAN is related to or competes with Old Dominion, TFI International, Coupang LLC, Academy Sports, Gap,, Canlan Ice, and Grocery Outlet. More
TRANSOCEAN 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 TRANSOCEAN'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 TRANSOCEAN INC 75 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 13.49 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.25 |
TRANSOCEAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRANSOCEAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRANSOCEAN's standard deviation. In reality, there are many statistical measures that can use TRANSOCEAN historical prices to predict the future TRANSOCEAN's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (4.26) |
TRANSOCEAN INC 75 Backtested Returns
TRANSOCEAN INC 75 retains Efficiency (Sharpe Ratio) of -0.1, which indicates the bond had a -0.1% return per unit of risk over the last 3 months. TRANSOCEAN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRANSOCEAN's risk adjusted performance of (0.11), and Standard Deviation of 2.79 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TRANSOCEAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRANSOCEAN is expected to be smaller as well.
Auto-correlation | -0.17 |
Insignificant reverse predictability
TRANSOCEAN INC 75 has insignificant reverse predictability. Overlapping area represents the amount of predictability between TRANSOCEAN time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 TRANSOCEAN INC 75 price movement. The serial correlation of -0.17 indicates that over 17.0% of current TRANSOCEAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 46.59 |
TRANSOCEAN INC 75 lagged returns against current returns
Autocorrelation, which is TRANSOCEAN 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 TRANSOCEAN's bond expected returns. We can calculate the autocorrelation of TRANSOCEAN returns to help us make a trade decision. For example, suppose you find that TRANSOCEAN 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 |
TRANSOCEAN 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 TRANSOCEAN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRANSOCEAN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRANSOCEAN bond over time.
Current vs Lagged Prices |
| Timeline |
TRANSOCEAN Lagged Returns
When evaluating TRANSOCEAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRANSOCEAN bond have on its future price. TRANSOCEAN 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, TRANSOCEAN autocorrelation shows the relationship between TRANSOCEAN bond current value and its past values and can show if there is a momentum factor associated with investing in TRANSOCEAN INC 75.
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 TRANSOCEAN Bond
TRANSOCEAN financial ratios help investors to determine whether TRANSOCEAN 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 TRANSOCEAN with respect to the benefits of owning TRANSOCEAN security.