CBS P NEW Market Value
| 124857AN3 | 76.04 1.78 2.29% |
| Symbol | 124857AN3 |
124857AN3 '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 124857AN3'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 124857AN3.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in 124857AN3 on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding CBS P NEW or generate 0.0% return on investment in 124857AN3 over 720 days. 124857AN3 is related to or competes with Empresa Distribuidora, Atmos Energy, NiSource, Eldorado Gold, Supercom, Highway Holdings, and Inflection Point. More
124857AN3 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 124857AN3'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 CBS P NEW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 2.48 |
124857AN3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 124857AN3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 124857AN3's standard deviation. In reality, there are many statistical measures that can use 124857AN3 historical prices to predict the future 124857AN3's volatility.| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.1396 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.95) |
CBS P NEW Backtested Returns
At this point, 124857AN3 is very steady. CBS P NEW secures Sharpe Ratio (or Efficiency) of 0.0866, which signifies that the bond had a 0.0866% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CBS P NEW, which you can use to evaluate the volatility of the entity. Please confirm 124857AN3's mean deviation of 1.51, and Coefficient Of Variation of 2150.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The entity shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 124857AN3 are expected to decrease at a much lower rate. During the bear market, 124857AN3 is likely to outperform the market.
Auto-correlation | 0.07 |
Virtually no predictability
CBS P NEW has virtually no predictability. Overlapping area represents the amount of predictability between 124857AN3 time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 CBS P NEW price movement. The serial correlation of 0.07 indicates that barely 7.0% of current 124857AN3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 9.55 |
CBS P NEW lagged returns against current returns
Autocorrelation, which is 124857AN3 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 124857AN3's bond expected returns. We can calculate the autocorrelation of 124857AN3 returns to help us make a trade decision. For example, suppose you find that 124857AN3 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 |
124857AN3 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 124857AN3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 124857AN3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 124857AN3 bond over time.
Current vs Lagged Prices |
| Timeline |
124857AN3 Lagged Returns
When evaluating 124857AN3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 124857AN3 bond have on its future price. 124857AN3 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, 124857AN3 autocorrelation shows the relationship between 124857AN3 bond current value and its past values and can show if there is a momentum factor associated with investing in CBS P NEW.
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 124857AN3 Bond
124857AN3 financial ratios help investors to determine whether 124857AN3 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 124857AN3 with respect to the benefits of owning 124857AN3 security.