Ab Corporate Bond Etf Market Value
| EYEG Etf | USD 34.80 0.10 0.29% |
| Symbol | EYEG |
The market value of AB Corporate Bond is measured differently than its book value, which is the value of EYEG that is recorded on the company's balance sheet. Investors also form their own opinion of AB Corporate's value that differs from its market value or its book value, called intrinsic value, which is AB Corporate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AB Corporate's market value can be influenced by many factors that don't directly affect AB Corporate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AB Corporate's value and its price as these two are different measures arrived at by different means. Investors typically determine if AB Corporate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AB Corporate'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.
AB Corporate '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 AB Corporate's etf 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 AB Corporate.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in AB Corporate on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding AB Corporate Bond or generate 0.0% return on investment in AB Corporate over 30 days. AB Corporate is related to or competes with VanEck Vectors, BondBloxx ETF, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, and Virtus ETF. EyeGate Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, focuses on developing and commercializing produc... More
AB Corporate 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 AB Corporate's etf 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 AB Corporate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.5427 |
AB Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AB Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AB Corporate's standard deviation. In reality, there are many statistical measures that can use AB Corporate historical prices to predict the future AB Corporate's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AB Corporate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AB Corporate Bond Backtested Returns
AB Corporate Bond retains Efficiency (Sharpe Ratio) of -0.0985, which signifies that the etf had a -0.0985% return per unit of price deviation over the last 3 months. AB Corporate exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AB Corporate's Market Risk Adjusted Performance of (0.83), information ratio of (0.19), and Variance of 0.1284 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.06, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AB Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding AB Corporate is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
AB Corporate Bond has very good predictability. Overlapping area represents the amount of predictability between AB Corporate time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AB Corporate Bond price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current AB Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AB Corporate Bond lagged returns against current returns
Autocorrelation, which is AB Corporate etf'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 AB Corporate's etf expected returns. We can calculate the autocorrelation of AB Corporate returns to help us make a trade decision. For example, suppose you find that AB Corporate has exhibited high autocorrelation historically, and you observe that the etf 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 |
AB Corporate 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 AB Corporate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AB Corporate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AB Corporate etf over time.
Current vs Lagged Prices |
| Timeline |
AB Corporate Lagged Returns
When evaluating AB Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AB Corporate etf have on its future price. AB Corporate 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, AB Corporate autocorrelation shows the relationship between AB Corporate etf current value and its past values and can show if there is a momentum factor associated with investing in AB Corporate Bond.
Regressed Prices |
| Timeline |
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Check out AB Corporate Correlation, AB Corporate Volatility and AB Corporate Alpha and Beta module to complement your research on AB Corporate. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
AB Corporate technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.