GTE P 694 Market Value
| 362320BA0 | 104.49 2.81 2.62% |
| Symbol | 362320BA0 |
362320BA0 '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 362320BA0'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 362320BA0.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in 362320BA0 on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding GTE P 694 or generate 0.0% return on investment in 362320BA0 over 30 days. 362320BA0 is related to or competes with Electrovaya Common, Griffon, HUTCHMED DRC, CECO Environmental, RadNet, Alvotech, and Highway Holdings. More
362320BA0 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 362320BA0'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 GTE P 694 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.9672 |
362320BA0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 362320BA0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 362320BA0's standard deviation. In reality, there are many statistical measures that can use 362320BA0 historical prices to predict the future 362320BA0's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.29) |
GTE P 694 Backtested Returns
GTE P 694 secures Sharpe Ratio (or Efficiency) of -0.0861, which signifies that the bond had a -0.0861% return per unit of price deviation over the last 3 months. GTE P 694 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 362320BA0's Information Ratio of (0.22), coefficient of variation of (1,511), and Mean Deviation of 0.4529 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 362320BA0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 362320BA0 is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
GTE P 694 has very weak predictability. Overlapping area represents the amount of predictability between 362320BA0 time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GTE P 694 price movement. The serial correlation of 0.19 indicates that over 19.0% of current 362320BA0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
GTE P 694 lagged returns against current returns
Autocorrelation, which is 362320BA0 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 362320BA0's bond expected returns. We can calculate the autocorrelation of 362320BA0 returns to help us make a trade decision. For example, suppose you find that 362320BA0 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 |
362320BA0 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 362320BA0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 362320BA0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 362320BA0 bond over time.
Current vs Lagged Prices |
| Timeline |
362320BA0 Lagged Returns
When evaluating 362320BA0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 362320BA0 bond have on its future price. 362320BA0 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, 362320BA0 autocorrelation shows the relationship between 362320BA0 bond current value and its past values and can show if there is a momentum factor associated with investing in GTE P 694.
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 362320BA0 Bond
362320BA0 financial ratios help investors to determine whether 362320BA0 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 362320BA0 with respect to the benefits of owning 362320BA0 security.