GRAY TELEVISION INC Market Value
| 389375AL0 | 73.41 13.18 21.88% |
| Symbol | 389375AL0 |
389375AL0 '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 389375AL0'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 389375AL0.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in 389375AL0 on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding GRAY TELEVISION INC or generate 0.0% return on investment in 389375AL0 over 360 days. 389375AL0 is related to or competes with Pekin Life, Franklin Street, Palomar Holdings, Aegon NV, Sun Life, MI Homes, and Direct Line. More
389375AL0 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 389375AL0'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 GRAY TELEVISION INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.93 | |||
| Information Ratio | 0.0726 | |||
| Maximum Drawdown | 44.45 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.7 |
389375AL0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 389375AL0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 389375AL0's standard deviation. In reality, there are many statistical measures that can use 389375AL0 historical prices to predict the future 389375AL0's volatility.| Risk Adjusted Performance | 0.0802 | |||
| Jensen Alpha | 0.614 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0783 | |||
| Treynor Ratio | (0.41) |
GRAY TELEVISION INC Backtested Returns
389375AL0 appears to be very steady, given 3 months investment horizon. GRAY TELEVISION INC retains Efficiency (Sharpe Ratio) 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 389375AL0, which you can use to evaluate the volatility of the entity. Please makes use of 389375AL0's Standard Deviation of 5.32, semi deviation of 4.13, and Market Risk Adjusted Performance of (0.40) to double-check if our risk estimates are consistent with your expectations. The bond owns a Beta (Systematic Risk) of -1.2, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 389375AL0 are expected to decrease by larger amounts. On the other hand, during market turmoil, 389375AL0 is expected to outperform it.
Auto-correlation | -0.07 |
Very weak reverse predictability
GRAY TELEVISION INC has very weak reverse predictability. Overlapping area represents the amount of predictability between 389375AL0 time series from 10th of December 2023 to 7th of June 2024 and 7th of June 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 GRAY TELEVISION INC price movement. The serial correlation of -0.07 indicates that barely 7.0% of current 389375AL0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 8.71 |
GRAY TELEVISION INC lagged returns against current returns
Autocorrelation, which is 389375AL0 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 389375AL0's bond expected returns. We can calculate the autocorrelation of 389375AL0 returns to help us make a trade decision. For example, suppose you find that 389375AL0 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 |
389375AL0 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 389375AL0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 389375AL0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 389375AL0 bond over time.
Current vs Lagged Prices |
| Timeline |
389375AL0 Lagged Returns
When evaluating 389375AL0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 389375AL0 bond have on its future price. 389375AL0 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, 389375AL0 autocorrelation shows the relationship between 389375AL0 bond current value and its past values and can show if there is a momentum factor associated with investing in GRAY TELEVISION INC.
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 389375AL0 Bond
389375AL0 financial ratios help investors to determine whether 389375AL0 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 389375AL0 with respect to the benefits of owning 389375AL0 security.