MICROSOFT P 37 Market Value
| 594918BT0 | 89.41 5.59 6.67% |
| Symbol | 594918BT0 |
594918BT0 '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 594918BT0'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 594918BT0.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in 594918BT0 on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding MICROSOFT P 37 or generate 0.0% return on investment in 594918BT0 over 180 days. 594918BT0 is related to or competes with CECO Environmental, Tarsus Pharmaceuticals, Jacobs Solutions, Park Ohio, BioNTech, Spyre Therapeutics, and Hurco Companies. Microsoft Corporation develops, manufactures, licenses, sells, and supports software products More
594918BT0 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 594918BT0'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 MICROSOFT P 37 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 19.65 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 2.86 |
594918BT0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 594918BT0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 594918BT0's standard deviation. In reality, there are many statistical measures that can use 594918BT0 historical prices to predict the future 594918BT0's volatility.| Risk Adjusted Performance | 0.0281 | |||
| Jensen Alpha | 0.011 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1628 |
MICROSOFT P 37 Backtested Returns
At this point, 594918BT0 is very steady. MICROSOFT P 37 retains Efficiency (Sharpe Ratio) of 0.0376, which signifies that the bond had a 0.0376% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 594918BT0, which you can use to evaluate the volatility of the entity. Please confirm 594918BT0's Standard Deviation of 2.15, mean deviation of 1.07, and Market Risk Adjusted Performance of 0.1728 to double-check if the risk estimate we provide is consistent with the expected return of 0.0483%. The bond owns a Beta (Systematic Risk) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 594918BT0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 594918BT0 is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
MICROSOFT P 37 has modest reverse predictability. Overlapping area represents the amount of predictability between 594918BT0 time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 MICROSOFT P 37 price movement. The serial correlation of -0.5 indicates that about 50.0% of current 594918BT0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 7.83 |
MICROSOFT P 37 lagged returns against current returns
Autocorrelation, which is 594918BT0 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 594918BT0's bond expected returns. We can calculate the autocorrelation of 594918BT0 returns to help us make a trade decision. For example, suppose you find that 594918BT0 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 |
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594918BT0 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 594918BT0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 594918BT0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 594918BT0 bond over time.
Current vs Lagged Prices |
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594918BT0 Lagged Returns
When evaluating 594918BT0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 594918BT0 bond have on its future price. 594918BT0 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, 594918BT0 autocorrelation shows the relationship between 594918BT0 bond current value and its past values and can show if there is a momentum factor associated with investing in MICROSOFT P 37.
Regressed Prices |
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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 594918BT0 Bond
594918BT0 financial ratios help investors to determine whether 594918BT0 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 594918BT0 with respect to the benefits of owning 594918BT0 security.