CONSTELLATION ENERGY GROUP Market Value
| 210371AF7 | 110.26 2.24 1.99% |
| Symbol | CONSTELLATION |
CONSTELLATION '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 CONSTELLATION'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 CONSTELLATION.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in CONSTELLATION on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding CONSTELLATION ENERGY GROUP or generate 0.0% return on investment in CONSTELLATION over 90 days. CONSTELLATION is related to or competes with Highway Holdings, EMCOR, Cementos Pacasmayo, SFL, Topbuild Corp, RBC Bearings, and Jeld Wen. More
CONSTELLATION 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 CONSTELLATION'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 CONSTELLATION ENERGY GROUP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.7 |
CONSTELLATION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONSTELLATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONSTELLATION's standard deviation. In reality, there are many statistical measures that can use CONSTELLATION historical prices to predict the future CONSTELLATION's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.17) |
CONSTELLATION ENERGY Backtested Returns
At this point, CONSTELLATION is very steady. CONSTELLATION ENERGY secures Sharpe Ratio (or Efficiency) of 0.0617, which signifies that the bond had a 0.0617% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for CONSTELLATION ENERGY GROUP, which you can use to evaluate the volatility of the entity. Please confirm CONSTELLATION's mean deviation of 1.09, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The bond shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CONSTELLATION's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONSTELLATION is expected to be smaller as well.
Auto-correlation | 0.23 |
Weak predictability
CONSTELLATION ENERGY GROUP has weak predictability. Overlapping area represents the amount of predictability between CONSTELLATION time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 CONSTELLATION ENERGY price movement. The serial correlation of 0.23 indicates that over 23.0% of current CONSTELLATION price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 3.13 |
CONSTELLATION ENERGY lagged returns against current returns
Autocorrelation, which is CONSTELLATION 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 CONSTELLATION's bond expected returns. We can calculate the autocorrelation of CONSTELLATION returns to help us make a trade decision. For example, suppose you find that CONSTELLATION 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 |
CONSTELLATION 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 CONSTELLATION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONSTELLATION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONSTELLATION bond over time.
Current vs Lagged Prices |
| Timeline |
CONSTELLATION Lagged Returns
When evaluating CONSTELLATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONSTELLATION bond have on its future price. CONSTELLATION 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, CONSTELLATION autocorrelation shows the relationship between CONSTELLATION bond current value and its past values and can show if there is a momentum factor associated with investing in CONSTELLATION ENERGY GROUP.
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 CONSTELLATION Bond
CONSTELLATION financial ratios help investors to determine whether CONSTELLATION 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 CONSTELLATION with respect to the benefits of owning CONSTELLATION security.