ANZNZ 345 17 JUL 27 Market Value
| 00182EBF5 | 97.17 0.00 0.00% |
| Symbol | ANZNZ |
Please note, there is a significant difference between ANZNZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if ANZNZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANZNZ'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.
ANZNZ '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 ANZNZ'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 ANZNZ.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in ANZNZ on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding ANZNZ 345 17 JUL 27 or generate 0.0% return on investment in ANZNZ over 180 days. ANZNZ is related to or competes with ScanSource, Fast Retailing, National Beverage, Getty Realty, and Weyco. More
ANZNZ 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 ANZNZ'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 ANZNZ 345 17 JUL 27 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7667 | |||
| Information Ratio | 0.0262 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.02 |
ANZNZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANZNZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANZNZ's standard deviation. In reality, there are many statistical measures that can use ANZNZ historical prices to predict the future ANZNZ's volatility.| Risk Adjusted Performance | 0.0547 | |||
| Jensen Alpha | 0.0409 | |||
| Total Risk Alpha | 0.021 | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | 1.13 |
ANZNZ 345 17 Backtested Returns
ANZNZ 345 17 secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the bond had a -0.18% return per unit of volatility over the last 3 months. ANZNZ 345 17 JUL 27 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANZNZ's risk adjusted performance of 0.0547, and Mean Deviation of 0.4746 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0369, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANZNZ's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANZNZ is expected to be smaller as well.
Auto-correlation | -0.84 |
Excellent reverse predictability
ANZNZ 345 17 JUL 27 has excellent reverse predictability. Overlapping area represents the amount of predictability between ANZNZ time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 ANZNZ 345 17 price movement. The serial correlation of -0.84 indicates that around 84.0% of current ANZNZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
ANZNZ 345 17 lagged returns against current returns
Autocorrelation, which is ANZNZ 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 ANZNZ's bond expected returns. We can calculate the autocorrelation of ANZNZ returns to help us make a trade decision. For example, suppose you find that ANZNZ 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 |
ANZNZ 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 ANZNZ bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANZNZ bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANZNZ bond over time.
Current vs Lagged Prices |
| Timeline |
ANZNZ Lagged Returns
When evaluating ANZNZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANZNZ bond have on its future price. ANZNZ 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, ANZNZ autocorrelation shows the relationship between ANZNZ bond current value and its past values and can show if there is a momentum factor associated with investing in ANZNZ 345 17 JUL 27.
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 ANZNZ Bond
ANZNZ financial ratios help investors to determine whether ANZNZ 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 ANZNZ with respect to the benefits of owning ANZNZ security.