Churchill Downs 55 Market Value
| 171484AG3 | 99.58 0.15 0.15% |
| Symbol | Churchill |
Churchill '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 Churchill'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 Churchill.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Churchill on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Churchill Downs 55 or generate 0.0% return on investment in Churchill over 360 days. Churchill is related to or competes with Old Republic, PennantPark Investment, MGIC Investment, Minerals Technologies, Fidus Investment, and Cementos Pacasmayo. More
Churchill 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 Churchill'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 Churchill Downs 55 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 0.8044 |
Churchill Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Churchill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Churchill's standard deviation. In reality, there are many statistical measures that can use Churchill historical prices to predict the future Churchill's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.27) |
Churchill Downs 55 Backtested Returns
Churchill Downs 55 secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. Churchill Downs 55 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Churchill's Standard Deviation of 0.862, mean deviation of 0.4092, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0497, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Churchill's returns are expected to increase less than the market. However, during the bear market, the loss of holding Churchill is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Churchill Downs 55 has modest reverse predictability. Overlapping area represents the amount of predictability between Churchill time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Churchill Downs 55 price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Churchill price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Churchill Downs 55 lagged returns against current returns
Autocorrelation, which is Churchill 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 Churchill's bond expected returns. We can calculate the autocorrelation of Churchill returns to help us make a trade decision. For example, suppose you find that Churchill 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 |
Churchill 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 Churchill bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Churchill bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Churchill bond over time.
Current vs Lagged Prices |
| Timeline |
Churchill Lagged Returns
When evaluating Churchill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Churchill bond have on its future price. Churchill 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, Churchill autocorrelation shows the relationship between Churchill bond current value and its past values and can show if there is a momentum factor associated with investing in Churchill Downs 55.
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 Churchill Bond
Churchill financial ratios help investors to determine whether Churchill 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 Churchill with respect to the benefits of owning Churchill security.