ITC HLDGS P Market Value
| 465685AH8 | 89.10 0.00 0.00% |
| Symbol | 465685AH8 |
465685AH8 '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 465685AH8'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 465685AH8.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in 465685AH8 on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding ITC HLDGS P or generate 0.0% return on investment in 465685AH8 over 90 days. 465685AH8 is related to or competes with Harmony Gold, Ambipar Emergency, Teleflex Incorporated, Alto Ingredients, Barrick Gold, Stepan, and Highway Holdings. More
465685AH8 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 465685AH8'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 ITC HLDGS P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.0005) | |||
| Maximum Drawdown | 4.9 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.6 |
465685AH8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 465685AH8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 465685AH8's standard deviation. In reality, there are many statistical measures that can use 465685AH8 historical prices to predict the future 465685AH8's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0276 | |||
| Treynor Ratio | (1.06) |
ITC HLDGS P Backtested Returns
At this point, 465685AH8 is very steady. ITC HLDGS P retains Efficiency (Sharpe Ratio) of 0.0529, which signifies that the bond had a 0.0529 % return per unit of price deviation over the last 3 months. We have found nineteen technical indicators for 465685AH8, which you can use to evaluate the volatility of the entity. Please confirm 465685AH8's Market Risk Adjusted Performance of (1.05), information ratio of (0.0005), and Coefficient Of Variation of (1,299) to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The bond owns a Beta (Systematic Risk) of 0.0921, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 465685AH8's returns are expected to increase less than the market. However, during the bear market, the loss of holding 465685AH8 is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
ITC HLDGS P has below average predictability. Overlapping area represents the amount of predictability between 465685AH8 time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 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 ITC HLDGS P price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current 465685AH8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
ITC HLDGS P lagged returns against current returns
Autocorrelation, which is 465685AH8 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 465685AH8's bond expected returns. We can calculate the autocorrelation of 465685AH8 returns to help us make a trade decision. For example, suppose you find that 465685AH8 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 |
465685AH8 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 465685AH8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 465685AH8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 465685AH8 bond over time.
Current vs Lagged Prices |
| Timeline |
465685AH8 Lagged Returns
When evaluating 465685AH8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 465685AH8 bond have on its future price. 465685AH8 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, 465685AH8 autocorrelation shows the relationship between 465685AH8 bond current value and its past values and can show if there is a momentum factor associated with investing in ITC HLDGS P.
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 465685AH8 Bond
465685AH8 financial ratios help investors to determine whether 465685AH8 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 465685AH8 with respect to the benefits of owning 465685AH8 security.