Level 3 Financing Market Value
| 527298BN2 | 84.96 0.00 0.00% |
| Symbol | Level |
Level '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 Level'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 Level.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Level on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Level 3 Financing or generate 0.0% return on investment in Level over 30 days. Level is related to or competes with Cannae Holdings, Uber Technologies, BJs Restaurants, Arrow Electronics, Schweiter Technologies, Alvotech, and One Group. More
Level 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 Level'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 Level 3 Financing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.72 | |||
| Information Ratio | 0.1047 | |||
| Maximum Drawdown | 91.63 | |||
| Value At Risk | (20.83) | |||
| Potential Upside | 23.51 |
Level Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Level's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Level's standard deviation. In reality, there are many statistical measures that can use Level historical prices to predict the future Level's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 1.49 | |||
| Total Risk Alpha | 1.01 | |||
| Sortino Ratio | 0.1104 | |||
| Treynor Ratio | (0.66) |
Level 3 Financing Backtested Returns
Level appears to be somewhat reliable, given 3 months investment horizon. Level 3 Financing has Sharpe Ratio of 0.0268, which conveys that the entity had a 0.0268 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Level, which you can use to evaluate the volatility of the bond. Please exercise Level's Downside Deviation of 12.72, risk adjusted performance of 0.1, and Mean Deviation of 6.09 to check out if our risk estimates are consistent with your expectations. The bond secures a Beta (Market Risk) of -2.17, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Level are expected to decrease by larger amounts. On the other hand, during market turmoil, Level is expected to outperform it.
Auto-correlation | -1 |
Near perfect reversele predictability
Level 3 Financing has near perfect reversele predictability. Overlapping area represents the amount of predictability between Level time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Level 3 Financing price movement. The serial correlation of -1.0 indicates that 100.0% of current Level price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 14.1 |
Level 3 Financing lagged returns against current returns
Autocorrelation, which is Level 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 Level's bond expected returns. We can calculate the autocorrelation of Level returns to help us make a trade decision. For example, suppose you find that Level 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 |
Level 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 Level bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Level bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Level bond over time.
Current vs Lagged Prices |
| Timeline |
Level Lagged Returns
When evaluating Level's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Level bond have on its future price. Level 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, Level autocorrelation shows the relationship between Level bond current value and its past values and can show if there is a momentum factor associated with investing in Level 3 Financing.
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 Level Bond
Level financial ratios help investors to determine whether Level 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 Level with respect to the benefits of owning Level security.