CE 6379 15 JUL 32 Market Value
| 15089QAP9 | 102.79 0.03 0.03% |
| Symbol | 15089QAP9 |
Please note, there is a significant difference between 15089QAP9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 15089QAP9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 15089QAP9'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.
15089QAP9 '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 15089QAP9'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 15089QAP9.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in 15089QAP9 on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding CE 6379 15 JUL 32 or generate 0.0% return on investment in 15089QAP9 over 30 days. 15089QAP9 is related to or competes with Eastman Chemical, Evolution Gaming, Mativ Holdings, Sealed Air, Algoma Steel, and Avient Corp. More
15089QAP9 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 15089QAP9'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 CE 6379 15 JUL 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.02 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.32 |
15089QAP9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 15089QAP9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 15089QAP9's standard deviation. In reality, there are many statistical measures that can use 15089QAP9 historical prices to predict the future 15089QAP9's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 2.14 |
CE 6379 15 Backtested Returns
CE 6379 15 retains Efficiency (Sharpe Ratio) of -0.17, which signifies that the bond had a -0.17% return per unit of price deviation over the last 3 months. 15089QAP9 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 15089QAP9's Information Ratio of (0.12), market risk adjusted performance of 2.15, and Variance of 2.13 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0464, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 15089QAP9 are expected to decrease at a much lower rate. During the bear market, 15089QAP9 is likely to outperform the market.
Auto-correlation | -0.7 |
Very good reverse predictability
CE 6379 15 JUL 32 has very good reverse predictability. Overlapping area represents the amount of predictability between 15089QAP9 time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 CE 6379 15 price movement. The serial correlation of -0.7 indicates that around 70.0% of current 15089QAP9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
CE 6379 15 lagged returns against current returns
Autocorrelation, which is 15089QAP9 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 15089QAP9's bond expected returns. We can calculate the autocorrelation of 15089QAP9 returns to help us make a trade decision. For example, suppose you find that 15089QAP9 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 |
15089QAP9 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 15089QAP9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 15089QAP9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 15089QAP9 bond over time.
Current vs Lagged Prices |
| Timeline |
15089QAP9 Lagged Returns
When evaluating 15089QAP9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 15089QAP9 bond have on its future price. 15089QAP9 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, 15089QAP9 autocorrelation shows the relationship between 15089QAP9 bond current value and its past values and can show if there is a momentum factor associated with investing in CE 6379 15 JUL 32.
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 15089QAP9 Bond
15089QAP9 financial ratios help investors to determine whether 15089QAP9 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 15089QAP9 with respect to the benefits of owning 15089QAP9 security.