EMERA FIN LP Market Value
| 29103DAM8 | 81.03 2.30 2.76% |
| Symbol | EMERA |
EMERA '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 EMERA'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 EMERA.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in EMERA on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding EMERA FIN LP or generate 0.0% return on investment in EMERA over 90 days. EMERA is related to or competes with Arm Holdings, CenterPoint Energy, National Rural, Cirrus Logic, Cheniere Energy, Black Hills, and Enel Chile. More
EMERA 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 EMERA'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 EMERA FIN LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 14.21 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.01 |
EMERA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMERA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMERA's standard deviation. In reality, there are many statistical measures that can use EMERA historical prices to predict the future EMERA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1438 | |||
| Treynor Ratio | (0.12) |
EMERA FIN LP Backtested Returns
EMERA FIN LP secures Sharpe Ratio (or Efficiency) of -0.0578, which denotes the bond had a -0.0578 % return per unit of return volatility over the last 3 months. EMERA FIN LP exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMERA's standard deviation of 1.96, and Mean Deviation of 1.02 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, EMERA's returns are expected to increase less than the market. However, during the bear market, the loss of holding EMERA is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
EMERA FIN LP has insignificant reverse predictability. Overlapping area represents the amount of predictability between EMERA 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 EMERA FIN LP price movement. The serial correlation of -0.13 indicates that less than 13.0% of current EMERA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
EMERA FIN LP lagged returns against current returns
Autocorrelation, which is EMERA 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 EMERA's bond expected returns. We can calculate the autocorrelation of EMERA returns to help us make a trade decision. For example, suppose you find that EMERA 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 |
EMERA 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 EMERA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMERA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMERA bond over time.
Current vs Lagged Prices |
| Timeline |
EMERA Lagged Returns
When evaluating EMERA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMERA bond have on its future price. EMERA 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, EMERA autocorrelation shows the relationship between EMERA bond current value and its past values and can show if there is a momentum factor associated with investing in EMERA FIN LP.
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 EMERA Bond
EMERA financial ratios help investors to determine whether EMERA 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 EMERA with respect to the benefits of owning EMERA security.