MUNRE 5875 23 MAY 42 Market Value
| 62582PAA8 | 101.00 1.76 1.71% |
| Symbol | MUNRE |
Please note, there is a significant difference between MUNRE's value and its price as these two are different measures arrived at by different means. Investors typically determine if MUNRE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MUNRE'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.
MUNRE '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 MUNRE'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 MUNRE.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in MUNRE on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding MUNRE 5875 23 MAY 42 or generate 0.0% return on investment in MUNRE over 360 days. MUNRE is related to or competes with PennantPark Investment, Comstock Holding, Apogee Enterprises, Chemours, Black Hills, GMS, and Western Asset. More
MUNRE 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 MUNRE'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 MUNRE 5875 23 MAY 42 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 28.8 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.54 |
MUNRE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MUNRE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MUNRE's standard deviation. In reality, there are many statistical measures that can use MUNRE historical prices to predict the future MUNRE's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | 0.0679 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.623 |
MUNRE 5875 23 Backtested Returns
At this point, MUNRE is very steady. MUNRE 5875 23 has Sharpe Ratio of 0.0087, which conveys that the entity had a 0.0087% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MUNRE, which you can use to evaluate the volatility of the bond. Please verify MUNRE's mean deviation of 1.23, and Risk Adjusted Performance of 0.0234 to check out if the risk estimate we provide is consistent with the expected return of 0.0617%. The bond secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MUNRE's returns are expected to increase less than the market. However, during the bear market, the loss of holding MUNRE is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
MUNRE 5875 23 MAY 42 has insignificant predictability. Overlapping area represents the amount of predictability between MUNRE time series from 20th of December 2023 to 17th of June 2024 and 17th of June 2024 to 14th 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 MUNRE 5875 23 price movement. The serial correlation of 0.13 indicates that less than 13.0% of current MUNRE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 14.19 |
MUNRE 5875 23 lagged returns against current returns
Autocorrelation, which is MUNRE 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 MUNRE's bond expected returns. We can calculate the autocorrelation of MUNRE returns to help us make a trade decision. For example, suppose you find that MUNRE 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 |
MUNRE 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 MUNRE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MUNRE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MUNRE bond over time.
Current vs Lagged Prices |
| Timeline |
MUNRE Lagged Returns
When evaluating MUNRE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MUNRE bond have on its future price. MUNRE 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, MUNRE autocorrelation shows the relationship between MUNRE bond current value and its past values and can show if there is a momentum factor associated with investing in MUNRE 5875 23 MAY 42.
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 MUNRE Bond
MUNRE financial ratios help investors to determine whether MUNRE 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 MUNRE with respect to the benefits of owning MUNRE security.