IENOVA 475 15 JAN 51 Market Value
| 456829AC4 | 68.25 0.00 0.00% |
| Symbol | IENOVA |
Please note, there is a significant difference between IENOVA's value and its price as these two are different measures arrived at by different means. Investors typically determine if IENOVA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IENOVA'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.
IENOVA '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 IENOVA'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 IENOVA.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in IENOVA on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding IENOVA 475 15 JAN 51 or generate 0.0% return on investment in IENOVA over 30 days. IENOVA is related to or competes with Xiabuxiabu Catering, SEI Investments, ArcelorMittal, Grupo Aeroportuario, GAMCO Global, Corporacion America, and Grupo Simec. More
IENOVA 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 IENOVA'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 IENOVA 475 15 JAN 51 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.68 |
IENOVA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IENOVA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IENOVA's standard deviation. In reality, there are many statistical measures that can use IENOVA historical prices to predict the future IENOVA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.26) |
IENOVA 475 15 Backtested Returns
At this point, IENOVA is very steady. IENOVA 475 15 holds Efficiency (Sharpe) Ratio of 0.0143, which attests that the entity had a 0.0143% return per unit of volatility over the last 3 months. We have found eighteen technical indicators for IENOVA 475 15, which you can use to evaluate the volatility of the entity. Please check out IENOVA's market risk adjusted performance of (0.25), and Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.0729%. The bond retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IENOVA's returns are expected to increase less than the market. However, during the bear market, the loss of holding IENOVA is expected to be smaller as well.
Auto-correlation | -1 |
Near perfect reversele predictability
IENOVA 475 15 JAN 51 has near perfect reversele predictability. Overlapping area represents the amount of predictability between IENOVA time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 IENOVA 475 15 price movement. The serial correlation of -1.0 indicates that 100.0% of current IENOVA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 9.03 |
IENOVA 475 15 lagged returns against current returns
Autocorrelation, which is IENOVA 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 IENOVA's bond expected returns. We can calculate the autocorrelation of IENOVA returns to help us make a trade decision. For example, suppose you find that IENOVA 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 |
IENOVA 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 IENOVA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IENOVA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IENOVA bond over time.
Current vs Lagged Prices |
| Timeline |
IENOVA Lagged Returns
When evaluating IENOVA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IENOVA bond have on its future price. IENOVA 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, IENOVA autocorrelation shows the relationship between IENOVA bond current value and its past values and can show if there is a momentum factor associated with investing in IENOVA 475 15 JAN 51.
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 IENOVA Bond
IENOVA financial ratios help investors to determine whether IENOVA 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 IENOVA with respect to the benefits of owning IENOVA security.