ADGLXY 294 30 SEP 40 Market Value
| 36321PAE0 | 75.38 0.00 0.00% |
| Symbol | ADGLXY |
Please note, there is a significant difference between ADGLXY's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADGLXY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADGLXY'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.
ADGLXY '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 ADGLXY'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 ADGLXY.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in ADGLXY on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding ADGLXY 294 30 SEP 40 or generate 0.0% return on investment in ADGLXY over 90 days. ADGLXY is related to or competes with CECO Environmental, Air Products, Insteel Industries, Braskem SA, Eastman Chemical, Avient Corp, and Hawkins. More
ADGLXY 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 ADGLXY'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 ADGLXY 294 30 SEP 40 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 2.34 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 0.3915 |
ADGLXY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADGLXY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ADGLXY's standard deviation. In reality, there are many statistical measures that can use ADGLXY historical prices to predict the future ADGLXY's volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 1.26 |
ADGLXY 294 30 Backtested Returns
ADGLXY 294 30 secures Sharpe Ratio (or Efficiency) of -0.36, which signifies that the bond had a -0.36% return per unit of risk over the last 3 months. ADGLXY 294 30 SEP 40 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ADGLXY's Mean Deviation of 0.8537, standard deviation of 1.44, and Risk Adjusted Performance of (0.25) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ADGLXY are expected to decrease at a much lower rate. During the bear market, ADGLXY is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
ADGLXY 294 30 SEP 40 has average predictability. Overlapping area represents the amount of predictability between ADGLXY time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 ADGLXY 294 30 price movement. The serial correlation of 0.48 indicates that about 48.0% of current ADGLXY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.0 |
ADGLXY 294 30 lagged returns against current returns
Autocorrelation, which is ADGLXY 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 ADGLXY's bond expected returns. We can calculate the autocorrelation of ADGLXY returns to help us make a trade decision. For example, suppose you find that ADGLXY 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 |
ADGLXY 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 ADGLXY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ADGLXY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ADGLXY bond over time.
Current vs Lagged Prices |
| Timeline |
ADGLXY Lagged Returns
When evaluating ADGLXY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ADGLXY bond have on its future price. ADGLXY 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, ADGLXY autocorrelation shows the relationship between ADGLXY bond current value and its past values and can show if there is a momentum factor associated with investing in ADGLXY 294 30 SEP 40.
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 ADGLXY Bond
ADGLXY financial ratios help investors to determine whether ADGLXY 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 ADGLXY with respect to the benefits of owning ADGLXY security.