US04685A2N06 Market Value
| 04685A2N0 | 98.95 0.00 0.00% |
| Symbol | 04685A2N0 |
Please note, there is a significant difference between 04685A2N0's value and its price as these two are different measures arrived at by different means. Investors typically determine if 04685A2N0 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 04685A2N0'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.
04685A2N0 '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 04685A2N0'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 04685A2N0.
| 12/10/2023 |
| 01/03/2025 |
If you would invest 0.00 in 04685A2N0 on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding US04685A2N06 or generate 0.0% return on investment in 04685A2N0 over 390 days. 04685A2N0 is related to or competes with 00108WAF7, 90331HPL1, Salesforce, MicroCloud Hologram, Inter Parfums, LandBridge Company, and Occidental. More
04685A2N0 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 04685A2N0'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 US04685A2N06 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 19.71 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.388 |
04685A2N0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 04685A2N0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 04685A2N0's standard deviation. In reality, there are many statistical measures that can use 04685A2N0 historical prices to predict the future 04685A2N0's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | 0.0716 | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | 0.5532 |
US04685A2N06 Backtested Returns
At this point, 04685A2N0 is very steady. US04685A2N06 retains Efficiency (Sharpe Ratio) of 0.38, which signifies that the bond had a 0.38% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 04685A2N0, which you can use to evaluate the volatility of the entity. Please confirm 04685A2N0's Risk Adjusted Performance of 0.0339, semi deviation of 2.18, and Coefficient Of Variation of 2979.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0261%. The bond owns a Beta (Systematic Risk) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 04685A2N0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 04685A2N0 is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
US04685A2N06 has very weak reverse predictability. Overlapping area represents the amount of predictability between 04685A2N0 time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd 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 US04685A2N06 price movement. The serial correlation of -0.02 indicates that only 2.0% of current 04685A2N0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
US04685A2N06 lagged returns against current returns
Autocorrelation, which is 04685A2N0 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 04685A2N0's bond expected returns. We can calculate the autocorrelation of 04685A2N0 returns to help us make a trade decision. For example, suppose you find that 04685A2N0 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 |
04685A2N0 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 04685A2N0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 04685A2N0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 04685A2N0 bond over time.
Current vs Lagged Prices |
| Timeline |
04685A2N0 Lagged Returns
When evaluating 04685A2N0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 04685A2N0 bond have on its future price. 04685A2N0 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, 04685A2N0 autocorrelation shows the relationship between 04685A2N0 bond current value and its past values and can show if there is a momentum factor associated with investing in US04685A2N06.
Regressed Prices |
| Timeline |
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Other Information on Investing in 04685A2N0 Bond
04685A2N0 financial ratios help investors to determine whether 04685A2N0 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 04685A2N0 with respect to the benefits of owning 04685A2N0 security.