DUK 2 15 AUG 31 Market Value
| 26442UAL8 | 81.12 1.78 2.15% |
| Symbol | 26442UAL8 |
Please note, there is a significant difference between 26442UAL8's value and its price as these two are different measures arrived at by different means. Investors typically determine if 26442UAL8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 26442UAL8'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.
26442UAL8 '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 26442UAL8'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 26442UAL8.
| 02/10/2024 |
| 01/05/2025 |
If you would invest 0.00 in 26442UAL8 on February 10, 2024 and sell it all today you would earn a total of 0.00 from holding DUK 2 15 AUG 31 or generate 0.0% return on investment in 26442UAL8 over 330 days. 26442UAL8 is related to or competes with Paysafe, NETGEAR, Scottish Mortgage, One Liberty, Bank of America, Comstock Holding, and ServiceNow. More
26442UAL8 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 26442UAL8'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 DUK 2 15 AUG 31 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.8851 |
26442UAL8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 26442UAL8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 26442UAL8's standard deviation. In reality, there are many statistical measures that can use 26442UAL8 historical prices to predict the future 26442UAL8's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.49 |
26442UAL8 Backtested Returns
26442UAL8 secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of price deviation over the last 3 months. DUK 2 15 AUG 31 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 26442UAL8's Standard Deviation of 0.5874, information ratio of (0.16), and Mean Deviation of 0.3987 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0561, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 26442UAL8 are expected to decrease at a much lower rate. During the bear market, 26442UAL8 is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
DUK 2 15 AUG 31 has very good reverse predictability. Overlapping area represents the amount of predictability between 26442UAL8 time series from 10th of February 2024 to 24th of July 2024 and 24th of July 2024 to 5th 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 26442UAL8 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current 26442UAL8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 |
26442UAL8 lagged returns against current returns
Autocorrelation, which is 26442UAL8 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 26442UAL8's bond expected returns. We can calculate the autocorrelation of 26442UAL8 returns to help us make a trade decision. For example, suppose you find that 26442UAL8 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 |
26442UAL8 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 26442UAL8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 26442UAL8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 26442UAL8 bond over time.
Current vs Lagged Prices |
| Timeline |
26442UAL8 Lagged Returns
When evaluating 26442UAL8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 26442UAL8 bond have on its future price. 26442UAL8 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, 26442UAL8 autocorrelation shows the relationship between 26442UAL8 bond current value and its past values and can show if there is a momentum factor associated with investing in DUK 2 15 AUG 31.
Regressed Prices |
| Timeline |
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Other Information on Investing in 26442UAL8 Bond
26442UAL8 financial ratios help investors to determine whether 26442UAL8 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 26442UAL8 with respect to the benefits of owning 26442UAL8 security.