US019736AG29 Market Value
| 019736AG2 | 87.02 1.92 2.16% |
| Symbol | 019736AG2 |
019736AG2 '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 019736AG2'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 019736AG2.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in 019736AG2 on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding US019736AG29 or generate 0.0% return on investment in 019736AG2 over 30 days. 019736AG2 is related to or competes with Alvotech, Diamond Estates, SNDL, Teleflex Incorporated, Harmony Gold, and Summit Materials. More
019736AG2 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 019736AG2'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 US019736AG29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.21 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.551 |
019736AG2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 019736AG2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 019736AG2's standard deviation. In reality, there are many statistical measures that can use 019736AG2 historical prices to predict the future 019736AG2's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.3706 |
US019736AG29 Backtested Returns
US019736AG29 retains Efficiency (Sharpe Ratio) of -0.23, which signifies that the bond had a -0.23% return per unit of price deviation over the last 3 months. 019736AG2 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 019736AG2's Coefficient Of Variation of (1,716), variance of 1.08, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 019736AG2 are expected to decrease at a much lower rate. During the bear market, 019736AG2 is likely to outperform the market.
Auto-correlation | -0.89 |
Excellent reverse predictability
US019736AG29 has excellent reverse predictability. Overlapping area represents the amount of predictability between 019736AG2 time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 US019736AG29 price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current 019736AG2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
US019736AG29 lagged returns against current returns
Autocorrelation, which is 019736AG2 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 019736AG2's bond expected returns. We can calculate the autocorrelation of 019736AG2 returns to help us make a trade decision. For example, suppose you find that 019736AG2 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 |
019736AG2 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 019736AG2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 019736AG2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 019736AG2 bond over time.
Current vs Lagged Prices |
| Timeline |
019736AG2 Lagged Returns
When evaluating 019736AG2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 019736AG2 bond have on its future price. 019736AG2 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, 019736AG2 autocorrelation shows the relationship between 019736AG2 bond current value and its past values and can show if there is a momentum factor associated with investing in US019736AG29.
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 019736AG2 Bond
019736AG2 financial ratios help investors to determine whether 019736AG2 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 019736AG2 with respect to the benefits of owning 019736AG2 security.