LYB INTERNATIONAL FINANCE Market Value
| 50249AAJ2 | 67.42 0.52 0.77% |
| Symbol | 50249AAJ2 |
50249AAJ2 '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 50249AAJ2'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 50249AAJ2.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in 50249AAJ2 on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding LYB INTERNATIONAL FINANCE or generate 0.0% return on investment in 50249AAJ2 over 30 days. 50249AAJ2 is related to or competes with Lion One, Biglari Holdings, Shake Shack, Yuexiu Transport, Uranium Energy, Cannae Holdings, and Blue Moon. More
50249AAJ2 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 50249AAJ2'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 LYB INTERNATIONAL FINANCE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.33 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 6.04 |
50249AAJ2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 50249AAJ2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 50249AAJ2's standard deviation. In reality, there are many statistical measures that can use 50249AAJ2 historical prices to predict the future 50249AAJ2's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.2733 |
LYB INTERNATIONAL FINANCE Backtested Returns
LYB INTERNATIONAL FINANCE retains Efficiency (Sharpe Ratio) of -0.16, which signifies that the bond had a -0.16% return per unit of price deviation over the last 3 months. 50249AAJ2 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 50249AAJ2's Mean Deviation of 1.64, information ratio of (0.04), and Market Risk Adjusted Performance of 0.2833 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 50249AAJ2 are expected to decrease at a much lower rate. During the bear market, 50249AAJ2 is likely to outperform the market.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
LYB INTERNATIONAL FINANCE has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 50249AAJ2 time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 LYB INTERNATIONAL FINANCE price movement. The serial correlation of -0.78 indicates that around 78.0% of current 50249AAJ2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
LYB INTERNATIONAL FINANCE lagged returns against current returns
Autocorrelation, which is 50249AAJ2 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 50249AAJ2's bond expected returns. We can calculate the autocorrelation of 50249AAJ2 returns to help us make a trade decision. For example, suppose you find that 50249AAJ2 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 |
50249AAJ2 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 50249AAJ2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 50249AAJ2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 50249AAJ2 bond over time.
Current vs Lagged Prices |
| Timeline |
50249AAJ2 Lagged Returns
When evaluating 50249AAJ2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 50249AAJ2 bond have on its future price. 50249AAJ2 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, 50249AAJ2 autocorrelation shows the relationship between 50249AAJ2 bond current value and its past values and can show if there is a momentum factor associated with investing in LYB INTERNATIONAL FINANCE.
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 50249AAJ2 Bond
50249AAJ2 financial ratios help investors to determine whether 50249AAJ2 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 50249AAJ2 with respect to the benefits of owning 50249AAJ2 security.