POSBO UNSPADRS20YC1 (Germany) Market Value
| 3YB0 Stock | EUR 10.60 0.20 1.92% |
| Symbol | POSBO |
POSBO UNSPADRS20YC1 '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 POSBO UNSPADRS20YC1's stock 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 POSBO UNSPADRS20YC1.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in POSBO UNSPADRS20YC1 on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding POSBO UNSPADRS20YC1 or generate 0.0% return on investment in POSBO UNSPADRS20YC1 over 360 days. POSBO UNSPADRS20YC1 is related to or competes with Postal Savings, UTD OV, Superior Plus, SIVERS SEMICONDUCTORS, RYOHIN UNSPADR1, and Vanguard Funds. Postal Savings Bank of China Co., Ltd. provides various banking products and services for retail and corporate customers... More
POSBO UNSPADRS20YC1 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 POSBO UNSPADRS20YC1's stock 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 POSBO UNSPADRS20YC1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.0664 | |||
| Maximum Drawdown | 19.22 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.88 |
POSBO UNSPADRS20YC1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for POSBO UNSPADRS20YC1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as POSBO UNSPADRS20YC1's standard deviation. In reality, there are many statistical measures that can use POSBO UNSPADRS20YC1 historical prices to predict the future POSBO UNSPADRS20YC1's volatility.| Risk Adjusted Performance | 0.0922 | |||
| Jensen Alpha | 0.2745 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0687 | |||
| Treynor Ratio | 171.67 |
POSBO UNSPADRS20YC1 Backtested Returns
POSBO UNSPADRS20YC1 appears to be not too volatile, given 3 months investment horizon. POSBO UNSPADRS20YC1 maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for POSBO UNSPADRS20YC1, which you can use to evaluate the volatility of the company. Please evaluate POSBO UNSPADRS20YC1's Risk Adjusted Performance of 0.0922, market risk adjusted performance of 171.68, and Semi Deviation of 1.69 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, POSBO UNSPADRS20YC1 holds a performance score of 8. The company holds a Beta of 0.0016, which implies not very significant fluctuations relative to the market. As returns on the market increase, POSBO UNSPADRS20YC1's returns are expected to increase less than the market. However, during the bear market, the loss of holding POSBO UNSPADRS20YC1 is expected to be smaller as well. Please check POSBO UNSPADRS20YC1's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether POSBO UNSPADRS20YC1's historical price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
POSBO UNSPADRS20YC1 has modest predictability. Overlapping area represents the amount of predictability between POSBO UNSPADRS20YC1 time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 POSBO UNSPADRS20YC1 price movement. The serial correlation of 0.52 indicates that about 52.0% of current POSBO UNSPADRS20YC1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
POSBO UNSPADRS20YC1 lagged returns against current returns
Autocorrelation, which is POSBO UNSPADRS20YC1 stock'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 POSBO UNSPADRS20YC1's stock expected returns. We can calculate the autocorrelation of POSBO UNSPADRS20YC1 returns to help us make a trade decision. For example, suppose you find that POSBO UNSPADRS20YC1 has exhibited high autocorrelation historically, and you observe that the stock 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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POSBO UNSPADRS20YC1 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 POSBO UNSPADRS20YC1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if POSBO UNSPADRS20YC1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in POSBO UNSPADRS20YC1 stock over time.
Current vs Lagged Prices |
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POSBO UNSPADRS20YC1 Lagged Returns
When evaluating POSBO UNSPADRS20YC1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of POSBO UNSPADRS20YC1 stock have on its future price. POSBO UNSPADRS20YC1 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, POSBO UNSPADRS20YC1 autocorrelation shows the relationship between POSBO UNSPADRS20YC1 stock current value and its past values and can show if there is a momentum factor associated with investing in POSBO UNSPADRS20YC1.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in POSBO Stock
POSBO UNSPADRS20YC1 financial ratios help investors to determine whether POSBO Stock 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 POSBO with respect to the benefits of owning POSBO UNSPADRS20YC1 security.