CUBESMART L P Market Value
| 22966RAD8 | 91.99 5.82 5.95% |
| Symbol | 22966RAD8 |
22966RAD8 '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 22966RAD8'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 22966RAD8.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in 22966RAD8 on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding CUBESMART L P or generate 0.0% return on investment in 22966RAD8 over 90 days. 22966RAD8 is related to or competes with Air Lease, Strategic Education, New Oriental, Scholastic, Global Net, Hertz Global, and Udemy. More
22966RAD8 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 22966RAD8'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 CUBESMART L P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0155 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.2995 |
22966RAD8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 22966RAD8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 22966RAD8's standard deviation. In reality, there are many statistical measures that can use 22966RAD8 historical prices to predict the future 22966RAD8's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 0.5655 |
CUBESMART L P Backtested Returns
CUBESMART L P retains Efficiency (Sharpe Ratio) of -0.0369, which signifies that the bond had a -0.0369 % return per unit of price deviation over the last 3 months. 22966RAD8 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 22966RAD8's Information Ratio of 0.0155, market risk adjusted performance of 0.5755, and Variance of 0.3551 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 22966RAD8 are expected to decrease at a much lower rate. During the bear market, 22966RAD8 is likely to outperform the market.
Auto-correlation | 0.28 |
Poor predictability
CUBESMART L P has poor predictability. Overlapping area represents the amount of predictability between 22966RAD8 time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 CUBESMART L P price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current 22966RAD8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
CUBESMART L P lagged returns against current returns
Autocorrelation, which is 22966RAD8 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 22966RAD8's bond expected returns. We can calculate the autocorrelation of 22966RAD8 returns to help us make a trade decision. For example, suppose you find that 22966RAD8 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 |
22966RAD8 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 22966RAD8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 22966RAD8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 22966RAD8 bond over time.
Current vs Lagged Prices |
| Timeline |
22966RAD8 Lagged Returns
When evaluating 22966RAD8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 22966RAD8 bond have on its future price. 22966RAD8 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, 22966RAD8 autocorrelation shows the relationship between 22966RAD8 bond current value and its past values and can show if there is a momentum factor associated with investing in CUBESMART L P.
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 22966RAD8 Bond
22966RAD8 financial ratios help investors to determine whether 22966RAD8 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 22966RAD8 with respect to the benefits of owning 22966RAD8 security.