ATH 1608 29 JUN 26 Market Value
| 04685A2Z3 | 87.90 7.43 7.79% |
| Symbol | 04685A2Z3 |
Please note, there is a significant difference between 04685A2Z3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 04685A2Z3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 04685A2Z3'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.
04685A2Z3 '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 04685A2Z3'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 04685A2Z3.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in 04685A2Z3 on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding ATH 1608 29 JUN 26 or generate 0.0% return on investment in 04685A2Z3 over 30 days. 04685A2Z3 is related to or competes with CanSino Biologics, Contango ORE, SNDL, Yuexiu Transport, ScanSource, Compania Cervecerias, and Oatly Group. More
04685A2Z3 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 04685A2Z3'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 ATH 1608 29 JUN 26 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 0.3158 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.1792 |
04685A2Z3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 04685A2Z3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 04685A2Z3's standard deviation. In reality, there are many statistical measures that can use 04685A2Z3 historical prices to predict the future 04685A2Z3's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.7688 |
ATH 1608 29 Backtested Returns
ATH 1608 29 secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the bond had a -0.16% return per unit of price deviation over the last 3 months. ATH 1608 29 JUN 26 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 04685A2Z3's Risk Adjusted Performance of (0.13), variance of 1.86, and Mean Deviation of 0.4591 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 04685A2Z3 are expected to decrease at a much lower rate. During the bear market, 04685A2Z3 is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
ATH 1608 29 JUN 26 has modest predictability. Overlapping area represents the amount of predictability between 04685A2Z3 time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 ATH 1608 29 price movement. The serial correlation of 0.53 indicates that about 53.0% of current 04685A2Z3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 7.99 |
ATH 1608 29 lagged returns against current returns
Autocorrelation, which is 04685A2Z3 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 04685A2Z3's bond expected returns. We can calculate the autocorrelation of 04685A2Z3 returns to help us make a trade decision. For example, suppose you find that 04685A2Z3 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 |
04685A2Z3 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 04685A2Z3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 04685A2Z3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 04685A2Z3 bond over time.
Current vs Lagged Prices |
| Timeline |
04685A2Z3 Lagged Returns
When evaluating 04685A2Z3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 04685A2Z3 bond have on its future price. 04685A2Z3 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, 04685A2Z3 autocorrelation shows the relationship between 04685A2Z3 bond current value and its past values and can show if there is a momentum factor associated with investing in ATH 1608 29 JUN 26.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in 04685A2Z3 Bond
04685A2Z3 financial ratios help investors to determine whether 04685A2Z3 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 04685A2Z3 with respect to the benefits of owning 04685A2Z3 security.