HPQ 42 15 APR 32 Market Value
| 40434LAL9 | 91.29 2.48 2.64% |
| Symbol | 40434LAL9 |
Please note, there is a significant difference between 40434LAL9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 40434LAL9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 40434LAL9'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.
40434LAL9 '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 40434LAL9'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 40434LAL9.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in 40434LAL9 on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding HPQ 42 15 APR 32 or generate 0.0% return on investment in 40434LAL9 over 30 days. 40434LAL9 is related to or competes with Diageo PLC, China Resources, Oatly Group, Coca Cola, Thai Beverage, Willamette Valley, and Vita Coco. More
40434LAL9 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 40434LAL9'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 HPQ 42 15 APR 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.25 |
40434LAL9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 40434LAL9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 40434LAL9's standard deviation. In reality, there are many statistical measures that can use 40434LAL9 historical prices to predict the future 40434LAL9's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.07) |
HPQ 42 15 Backtested Returns
HPQ 42 15 secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. HPQ 42 15 APR 32 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 40434LAL9's Coefficient Of Variation of (6,604), variance of 5.85, and Mean Deviation of 1.24 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 40434LAL9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 40434LAL9 is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
HPQ 42 15 APR 32 has average predictability. Overlapping area represents the amount of predictability between 40434LAL9 time series from 6th of December 2024 to 21st of December 2024 and 21st of December 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 HPQ 42 15 price movement. The serial correlation of 0.49 indicates that about 49.0% of current 40434LAL9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.71 |
HPQ 42 15 lagged returns against current returns
Autocorrelation, which is 40434LAL9 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 40434LAL9's bond expected returns. We can calculate the autocorrelation of 40434LAL9 returns to help us make a trade decision. For example, suppose you find that 40434LAL9 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 |
40434LAL9 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 40434LAL9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 40434LAL9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 40434LAL9 bond over time.
Current vs Lagged Prices |
| Timeline |
40434LAL9 Lagged Returns
When evaluating 40434LAL9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 40434LAL9 bond have on its future price. 40434LAL9 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, 40434LAL9 autocorrelation shows the relationship between 40434LAL9 bond current value and its past values and can show if there is a momentum factor associated with investing in HPQ 42 15 APR 32.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in 40434LAL9 Bond
40434LAL9 financial ratios help investors to determine whether 40434LAL9 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 40434LAL9 with respect to the benefits of owning 40434LAL9 security.