JPM 4323 26 APR 28 Market Value
| 46647PDA1 | 97.10 2.00 2.02% |
| Symbol | 46647PDA1 |
Please note, there is a significant difference between 46647PDA1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 46647PDA1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 46647PDA1'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.
46647PDA1 '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 46647PDA1'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 46647PDA1.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in 46647PDA1 on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding JPM 4323 26 APR 28 or generate 0.0% return on investment in 46647PDA1 over 30 days. 46647PDA1 is related to or competes with Southwest Airlines, Volaris, Cannae Holdings, Aegean Airlines, Alaska Air, and Shake Shack. More
46647PDA1 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 46647PDA1'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 JPM 4323 26 APR 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 0.9916 |
46647PDA1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 46647PDA1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 46647PDA1's standard deviation. In reality, there are many statistical measures that can use 46647PDA1 historical prices to predict the future 46647PDA1's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.5271 |
JPM 4323 26 Backtested Returns
JPM 4323 26 secures Sharpe Ratio (or Efficiency) of -0.0993, which signifies that the bond had a -0.0993% return per unit of price deviation over the last 3 months. JPM 4323 26 APR 28 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 46647PDA1's Information Ratio of (0.22), mean deviation of 0.4303, and Coefficient Of Variation of (1,494) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 46647PDA1 are expected to decrease at a much lower rate. During the bear market, 46647PDA1 is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
JPM 4323 26 APR 28 has good predictability. Overlapping area represents the amount of predictability between 46647PDA1 time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 JPM 4323 26 price movement. The serial correlation of 0.75 indicates that around 75.0% of current 46647PDA1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
JPM 4323 26 lagged returns against current returns
Autocorrelation, which is 46647PDA1 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 46647PDA1's bond expected returns. We can calculate the autocorrelation of 46647PDA1 returns to help us make a trade decision. For example, suppose you find that 46647PDA1 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 |
46647PDA1 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 46647PDA1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 46647PDA1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 46647PDA1 bond over time.
Current vs Lagged Prices |
| Timeline |
46647PDA1 Lagged Returns
When evaluating 46647PDA1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 46647PDA1 bond have on its future price. 46647PDA1 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, 46647PDA1 autocorrelation shows the relationship between 46647PDA1 bond current value and its past values and can show if there is a momentum factor associated with investing in JPM 4323 26 APR 28.
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 46647PDA1 Bond
46647PDA1 financial ratios help investors to determine whether 46647PDA1 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 46647PDA1 with respect to the benefits of owning 46647PDA1 security.