WTW 3875 15 SEP 49 Market Value
| 970648AK7 | 75.29 2.46 3.16% |
| Symbol | 970648AK7 |
Please note, there is a significant difference between 970648AK7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 970648AK7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 970648AK7'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.
970648AK7 '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 970648AK7'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 970648AK7.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in 970648AK7 on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding WTW 3875 15 SEP 49 or generate 0.0% return on investment in 970648AK7 over 180 days. 970648AK7 is related to or competes with Sun Country, Playstudios, NioCorp Developments, Uranium Energy, Ainsworth Game, Ryanair Holdings, and Yuexiu Transport. More
970648AK7 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 970648AK7'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 WTW 3875 15 SEP 49 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.93 |
970648AK7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 970648AK7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 970648AK7's standard deviation. In reality, there are many statistical measures that can use 970648AK7 historical prices to predict the future 970648AK7's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.0349 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2258 |
WTW 3875 15 Backtested Returns
WTW 3875 15 secures Sharpe Ratio (or Efficiency) of -0.0745, which signifies that the bond had a -0.0745% return per unit of risk over the last 3 months. WTW 3875 15 SEP 49 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 970648AK7's Semi Deviation of 2.01, risk adjusted performance of 0.0427, and Mean Deviation of 1.11 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 970648AK7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 970648AK7 is expected to be smaller as well.
Auto-correlation | -0.85 |
Excellent reverse predictability
WTW 3875 15 SEP 49 has excellent reverse predictability. Overlapping area represents the amount of predictability between 970648AK7 time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 WTW 3875 15 price movement. The serial correlation of -0.85 indicates that around 85.0% of current 970648AK7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 2.49 |
WTW 3875 15 lagged returns against current returns
Autocorrelation, which is 970648AK7 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 970648AK7's bond expected returns. We can calculate the autocorrelation of 970648AK7 returns to help us make a trade decision. For example, suppose you find that 970648AK7 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 |
970648AK7 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 970648AK7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 970648AK7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 970648AK7 bond over time.
Current vs Lagged Prices |
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970648AK7 Lagged Returns
When evaluating 970648AK7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 970648AK7 bond have on its future price. 970648AK7 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, 970648AK7 autocorrelation shows the relationship between 970648AK7 bond current value and its past values and can show if there is a momentum factor associated with investing in WTW 3875 15 SEP 49.
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 970648AK7 Bond
970648AK7 financial ratios help investors to determine whether 970648AK7 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 970648AK7 with respect to the benefits of owning 970648AK7 security.