23291KAH8's market value is the price at which a share of 23291KAH8 trades on an exchange. It measures the collective expectations of DH EUROPE FINANCE investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of DH EUROPE FINANCE and determine expected loss or profit from investing in 23291KAH8 over a given investment horizon. Check out 23291KAH8 Correlation, 23291KAH8 Volatility and 23291KAH8 Alpha and Beta module to complement your research on 23291KAH8.
Please note, there is a significant difference between 23291KAH8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 23291KAH8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 23291KAH8'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.
23291KAH8 '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 23291KAH8'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 23291KAH8.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 23291KAH8'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 DH EUROPE FINANCE 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 23291KAH8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 23291KAH8's standard deviation. In reality, there are many statistical measures that can use 23291KAH8 historical prices to predict the future 23291KAH8's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 23291KAH8. Your research has to be compared to or analyzed against 23291KAH8's peers to derive any actionable benefits. When done correctly, 23291KAH8'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 DH EUROPE FINANCE.
DH EUROPE FINANCE Backtested Returns
DH EUROPE FINANCE retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the bond had a -0.18% return per unit of price deviation over the last 3 months. 23291KAH8 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 23291KAH8's Information Ratio of (0.28), market risk adjusted performance of (1.58), and Standard Deviation of 0.3147 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0547, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 23291KAH8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 23291KAH8 is expected to be smaller as well.
Auto-correlation
-0.23
Weak reverse predictability
DH EUROPE FINANCE has weak reverse predictability. Overlapping area represents the amount of predictability between 23291KAH8 time series from 14th of January 2023 to 9th of January 2024 and 9th of January 2024 to 3rd 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 DH EUROPE FINANCE price movement. The serial correlation of -0.23 indicates that over 23.0% of current 23291KAH8 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.23
Spearman Rank Test
-0.2
Residual Average
0.0
Price Variance
2.62
DH EUROPE FINANCE lagged returns against current returns
Autocorrelation, which is 23291KAH8 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 23291KAH8's bond expected returns. We can calculate the autocorrelation of 23291KAH8 returns to help us make a trade decision. For example, suppose you find that 23291KAH8 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
23291KAH8 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 23291KAH8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 23291KAH8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 23291KAH8 bond over time.
Current vs Lagged Prices
Timeline
23291KAH8 Lagged Returns
When evaluating 23291KAH8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 23291KAH8 bond have on its future price. 23291KAH8 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, 23291KAH8 autocorrelation shows the relationship between 23291KAH8 bond current value and its past values and can show if there is a momentum factor associated with investing in DH EUROPE FINANCE.
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.
23291KAH8 financial ratios help investors to determine whether 23291KAH8 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 23291KAH8 with respect to the benefits of owning 23291KAH8 security.