ALLY FINANCIAL INC Market Value
| 02005NBJ8 | 100.50 0.34 0.34% |
| Symbol | 02005NBJ8 |
02005NBJ8 '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 02005NBJ8'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 02005NBJ8.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in 02005NBJ8 on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding ALLY FINANCIAL INC or generate 0.0% return on investment in 02005NBJ8 over 30 days. 02005NBJ8 is related to or competes with Ihuman, Evolution Gaming, Yuexiu Transport, Lindblad Expeditions, and NetEase. More
02005NBJ8 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 02005NBJ8'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 ALLY FINANCIAL INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2939 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 1.97 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3896 |
02005NBJ8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 02005NBJ8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 02005NBJ8's standard deviation. In reality, there are many statistical measures that can use 02005NBJ8 historical prices to predict the future 02005NBJ8's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0916 |
ALLY FINANCIAL INC Backtested Returns
ALLY FINANCIAL INC secures Sharpe Ratio (or Efficiency) of -0.0659, which signifies that the bond had a -0.0659% return per unit of price deviation over the last 3 months. ALLY FINANCIAL INC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 02005NBJ8's Mean Deviation of 0.1618, risk adjusted performance of (0.01), and Coefficient Of Variation of 10465.46 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0756, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 02005NBJ8 are expected to decrease at a much lower rate. During the bear market, 02005NBJ8 is likely to outperform the market.
Auto-correlation | -0.02 |
Very weak reverse predictability
ALLY FINANCIAL INC has very weak reverse predictability. Overlapping area represents the amount of predictability between 02005NBJ8 time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 ALLY FINANCIAL INC price movement. The serial correlation of -0.02 indicates that only 2.0% of current 02005NBJ8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ALLY FINANCIAL INC lagged returns against current returns
Autocorrelation, which is 02005NBJ8 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 02005NBJ8's bond expected returns. We can calculate the autocorrelation of 02005NBJ8 returns to help us make a trade decision. For example, suppose you find that 02005NBJ8 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 |
02005NBJ8 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 02005NBJ8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 02005NBJ8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 02005NBJ8 bond over time.
Current vs Lagged Prices |
| Timeline |
02005NBJ8 Lagged Returns
When evaluating 02005NBJ8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 02005NBJ8 bond have on its future price. 02005NBJ8 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, 02005NBJ8 autocorrelation shows the relationship between 02005NBJ8 bond current value and its past values and can show if there is a momentum factor associated with investing in ALLY FINANCIAL INC.
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 02005NBJ8 Bond
02005NBJ8 financial ratios help investors to determine whether 02005NBJ8 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 02005NBJ8 with respect to the benefits of owning 02005NBJ8 security.