AEP Texas 345 Market Value
| 00108WAK6 | 68.49 2.41 3.65% |
| Symbol | 00108WAK6 |
Please note, there is a significant difference between 00108WAK6's value and its price as these two are different measures arrived at by different means. Investors typically determine if 00108WAK6 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 00108WAK6'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.
00108WAK6 '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 00108WAK6'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 00108WAK6.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in 00108WAK6 on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding AEP Texas 345 or generate 0.0% return on investment in 00108WAK6 over 30 days. 00108WAK6 is related to or competes with Barrick Gold, Kura Sushi, GEN Restaurant, Dennys Corp, RLJ Lodging, Summit Materials, and Eldorado Gold. More
00108WAK6 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 00108WAK6'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 AEP Texas 345 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.94 |
00108WAK6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 00108WAK6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 00108WAK6's standard deviation. In reality, there are many statistical measures that can use 00108WAK6 historical prices to predict the future 00108WAK6's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 1.4 |
AEP Texas 345 Backtested Returns
AEP Texas 345 secures Sharpe Ratio (or Efficiency) of -0.0742, which signifies that the bond had a -0.0742% return per unit of price deviation over the last 3 months. AEP Texas 345 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 00108WAK6's Variance of 1.13, mean deviation of 0.7515, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0637, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 00108WAK6 are expected to decrease at a much lower rate. During the bear market, 00108WAK6 is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
AEP Texas 345 has poor reverse predictability. Overlapping area represents the amount of predictability between 00108WAK6 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 AEP Texas 345 price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current 00108WAK6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
AEP Texas 345 lagged returns against current returns
Autocorrelation, which is 00108WAK6 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 00108WAK6's bond expected returns. We can calculate the autocorrelation of 00108WAK6 returns to help us make a trade decision. For example, suppose you find that 00108WAK6 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 |
00108WAK6 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 00108WAK6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 00108WAK6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 00108WAK6 bond over time.
Current vs Lagged Prices |
| Timeline |
00108WAK6 Lagged Returns
When evaluating 00108WAK6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 00108WAK6 bond have on its future price. 00108WAK6 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, 00108WAK6 autocorrelation shows the relationship between 00108WAK6 bond current value and its past values and can show if there is a momentum factor associated with investing in AEP Texas 345.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in 00108WAK6 Bond
00108WAK6 financial ratios help investors to determine whether 00108WAK6 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 00108WAK6 with respect to the benefits of owning 00108WAK6 security.