LEVEL 3 FING Market Value
| 527298BS1 | 56.00 26.48 32.10% |
| 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.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in LEVEL on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding LEVEL 3 FING or generate 0.0% return on investment in LEVEL over 30 days. LEVEL is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, BigBearai Holdings, InMode, Sprott Focus, and IONQ. 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 FING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.09 | |||
| Information Ratio | 0.039 | |||
| Maximum Drawdown | 121.54 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.05 |
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 | 0.0427 | |||
| Jensen Alpha | 0.6864 | |||
| Total Risk Alpha | (1.17) | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | (3.19) |
LEVEL 3 FING Backtested Returns
LEVEL 3 FING has Sharpe Ratio of -0.0832, which conveys that the entity had a -0.0832% return per unit of standard deviation over the last 3 months. LEVEL exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEVEL's Mean Deviation of 4.27, risk adjusted performance of 0.0427, and Market Risk Adjusted Performance of (3.18) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LEVEL are expected to decrease at a much lower rate. During the bear market, LEVEL is likely to outperform the market.
Auto-correlation | 0.76 |
Good predictability
LEVEL 3 FING has good predictability. Overlapping area represents the amount of predictability between LEVEL time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 LEVEL 3 FING price movement. The serial correlation of 0.76 indicates that around 76.0% of current LEVEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
LEVEL 3 FING 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 FING.
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.