126408GX5's market value is the price at which a share of 126408GX5 trades on an exchange. It measures the collective expectations of CSX P 44 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of CSX P 44 and determine expected loss or profit from investing in 126408GX5 over a given investment horizon. Check out 126408GX5 Correlation, 126408GX5 Volatility and 126408GX5 Alpha and Beta module to complement your research on 126408GX5.
Please note, there is a significant difference between 126408GX5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 126408GX5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 126408GX5'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.
126408GX5 '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 126408GX5'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 126408GX5.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in 126408GX5 on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding CSX P 44 or generate 0.0% return on investment in 126408GX5 over 30 days. 126408GX5 is related to or competes with Cardinal Health, Diageo PLC, Vita Coco, SunOpta, Celsius Holdings, Arhaus, and Treasury Wine. More
126408GX5 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 126408GX5'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 CSX P 44 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 126408GX5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 126408GX5's standard deviation. In reality, there are many statistical measures that can use 126408GX5 historical prices to predict the future 126408GX5's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 126408GX5. Your research has to be compared to or analyzed against 126408GX5's peers to derive any actionable benefits. When done correctly, 126408GX5's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in 126408GX5.
126408GX5 Backtested Returns
126408GX5 appears to be very steady, given 3 months investment horizon. 126408GX5 secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the bond had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CSX P 44, which you can use to evaluate the volatility of the entity. Please makes use of 126408GX5's Downside Deviation of 2.24, mean deviation of 1.4, and Risk Adjusted Performance of 0.0606 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 126408GX5 are expected to decrease at a much lower rate. During the bear market, 126408GX5 is likely to outperform the market.
Auto-correlation
0.02
Virtually no predictability
CSX P 44 has virtually no predictability. Overlapping area represents the amount of predictability between 126408GX5 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 126408GX5 price movement. The serial correlation of 0.02 indicates that only 2.0% of current 126408GX5 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.02
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
1.48
126408GX5 lagged returns against current returns
Autocorrelation, which is 126408GX5 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 126408GX5's bond expected returns. We can calculate the autocorrelation of 126408GX5 returns to help us make a trade decision. For example, suppose you find that 126408GX5 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
126408GX5 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 126408GX5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 126408GX5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 126408GX5 bond over time.
Current vs Lagged Prices
Timeline
126408GX5 Lagged Returns
When evaluating 126408GX5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 126408GX5 bond have on its future price. 126408GX5 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, 126408GX5 autocorrelation shows the relationship between 126408GX5 bond current value and its past values and can show if there is a momentum factor associated with investing in CSX P 44.
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.
126408GX5 financial ratios help investors to determine whether 126408GX5 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 126408GX5 with respect to the benefits of owning 126408GX5 security.