DUKE ENERGY CAROLINAS Market Value
| 26442CAP9 | 95.48 19.21 25.19% |
| Symbol | 26442CAP9 |
26442CAP9 '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 26442CAP9'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 26442CAP9.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in 26442CAP9 on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding DUKE ENERGY CAROLINAS or generate 0.0% return on investment in 26442CAP9 over 720 days. 26442CAP9 is related to or competes with Snap On, Denison Mines, Church Dwight, Virgin Group, Lindblad Expeditions, Hillman Solutions, and Black Mammoth. More
26442CAP9 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 26442CAP9'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 DUKE ENERGY CAROLINAS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8684 | |||
| Information Ratio | 0.1109 | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.84 |
26442CAP9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26442CAP9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26442CAP9's standard deviation. In reality, there are many statistical measures that can use 26442CAP9 historical prices to predict the future 26442CAP9's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.4383 | |||
| Total Risk Alpha | 0.3312 | |||
| Sortino Ratio | 0.4555 | |||
| Treynor Ratio | (0.35) |
DUKE ENERGY CAROLINAS Backtested Returns
26442CAP9 appears to be very steady, given 3 months investment horizon. DUKE ENERGY CAROLINAS secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the bond had a 0.12 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for DUKE ENERGY CAROLINAS, which you can use to evaluate the volatility of the entity. Please makes use of 26442CAP9's Downside Deviation of 0.8684, mean deviation of 1.21, and Standard Deviation of 3.57 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of -1.17, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 26442CAP9 are expected to decrease by larger amounts. On the other hand, during market turmoil, 26442CAP9 is expected to outperform it.
Auto-correlation | -0.22 |
Weak reverse predictability
DUKE ENERGY CAROLINAS has weak reverse predictability. Overlapping area represents the amount of predictability between 26442CAP9 time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st 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 DUKE ENERGY CAROLINAS price movement. The serial correlation of -0.22 indicates that over 22.0% of current 26442CAP9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 5.85 |
DUKE ENERGY CAROLINAS lagged returns against current returns
Autocorrelation, which is 26442CAP9 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 26442CAP9's bond expected returns. We can calculate the autocorrelation of 26442CAP9 returns to help us make a trade decision. For example, suppose you find that 26442CAP9 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 |
26442CAP9 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 26442CAP9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26442CAP9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26442CAP9 bond over time.
Current vs Lagged Prices |
| Timeline |
26442CAP9 Lagged Returns
When evaluating 26442CAP9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26442CAP9 bond have on its future price. 26442CAP9 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, 26442CAP9 autocorrelation shows the relationship between 26442CAP9 bond current value and its past values and can show if there is a momentum factor associated with investing in DUKE ENERGY CAROLINAS.
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 26442CAP9 Bond
26442CAP9 financial ratios help investors to determine whether 26442CAP9 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 26442CAP9 with respect to the benefits of owning 26442CAP9 security.