PLBIIJ 425 05 MAY 25 Market Value
| Y7133MAC3 | 97.25 0.00 0.00% |
| Symbol | PLBIIJ |
Please note, there is a significant difference between PLBIIJ's value and its price as these two are different measures arrived at by different means. Investors typically determine if PLBIIJ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PLBIIJ'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.
PLBIIJ '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 PLBIIJ'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 PLBIIJ.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in PLBIIJ on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding PLBIIJ 425 05 MAY 25 or generate 0.0% return on investment in PLBIIJ over 30 days. PLBIIJ is related to or competes with Tesla, Rivian Automotive, Li Auto, Thor Industries, and SEI Investments. More
PLBIIJ 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 PLBIIJ'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 PLBIIJ 425 05 MAY 25 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.51 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3143 |
PLBIIJ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PLBIIJ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PLBIIJ's standard deviation. In reality, there are many statistical measures that can use PLBIIJ historical prices to predict the future PLBIIJ's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.56) |
PLBIIJ 425 05 Backtested Returns
PLBIIJ 425 05 retains Efficiency (Sharpe Ratio) of -0.18, which implies the entity had a -0.18% return per unit of risk over the last 3 months. PLBIIJ exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PLBIIJ's coefficient of variation of (1,832), and Market Risk Adjusted Performance of (0.55) to confirm the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.049, which implies not very significant fluctuations relative to the market. As returns on the market increase, PLBIIJ's returns are expected to increase less than the market. However, during the bear market, the loss of holding PLBIIJ is expected to be smaller as well.
Auto-correlation | 0.15 |
Insignificant predictability
PLBIIJ 425 05 MAY 25 has insignificant predictability. Overlapping area represents the amount of predictability between PLBIIJ time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 PLBIIJ 425 05 price movement. The serial correlation of 0.15 indicates that less than 15.0% of current PLBIIJ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
PLBIIJ 425 05 lagged returns against current returns
Autocorrelation, which is PLBIIJ 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 PLBIIJ's bond expected returns. We can calculate the autocorrelation of PLBIIJ returns to help us make a trade decision. For example, suppose you find that PLBIIJ 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 |
PLBIIJ 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 PLBIIJ bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PLBIIJ bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PLBIIJ bond over time.
Current vs Lagged Prices |
| Timeline |
PLBIIJ Lagged Returns
When evaluating PLBIIJ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PLBIIJ bond have on its future price. PLBIIJ 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, PLBIIJ autocorrelation shows the relationship between PLBIIJ bond current value and its past values and can show if there is a momentum factor associated with investing in PLBIIJ 425 05 MAY 25.
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 PLBIIJ Bond
PLBIIJ financial ratios help investors to determine whether PLBIIJ 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 PLBIIJ with respect to the benefits of owning PLBIIJ security.