NCR P NEW Market Value
| 62886EAY4 | 99.78 3.26 3.38% |
| Symbol | 62886EAY4 |
62886EAY4 '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 62886EAY4'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 62886EAY4.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in 62886EAY4 on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding NCR P NEW or generate 0.0% return on investment in 62886EAY4 over 360 days. 62886EAY4 is related to or competes with Magna International, Sensient Technologies, NL Industries, Ecolab, Hawkins, and Rivian Automotive. More
62886EAY4 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 62886EAY4'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 NCR P NEW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0063 | |||
| Maximum Drawdown | 10.15 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 1.64 |
62886EAY4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 62886EAY4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 62886EAY4's standard deviation. In reality, there are many statistical measures that can use 62886EAY4 historical prices to predict the future 62886EAY4's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | 0.0444 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0076 | |||
| Treynor Ratio | (0.14) |
NCR P NEW Backtested Returns
NCR P NEW secures Sharpe Ratio (or Efficiency) of -0.0407, which signifies that the bond had a -0.0407% return per unit of risk over the last 3 months. NCR P NEW exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 62886EAY4's coefficient of variation of 4972.47, and Mean Deviation of 0.7567 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 62886EAY4 are expected to decrease at a much lower rate. During the bear market, 62886EAY4 is likely to outperform the market.
Auto-correlation | -0.09 |
Very weak reverse predictability
NCR P NEW has very weak reverse predictability. Overlapping area represents the amount of predictability between 62886EAY4 time series from 30th of December 2023 to 27th of June 2024 and 27th of June 2024 to 24th 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 NCR P NEW price movement. The serial correlation of -0.09 indicates that less than 9.0% of current 62886EAY4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.59 |
NCR P NEW lagged returns against current returns
Autocorrelation, which is 62886EAY4 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 62886EAY4's bond expected returns. We can calculate the autocorrelation of 62886EAY4 returns to help us make a trade decision. For example, suppose you find that 62886EAY4 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 |
62886EAY4 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 62886EAY4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 62886EAY4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 62886EAY4 bond over time.
Current vs Lagged Prices |
| Timeline |
62886EAY4 Lagged Returns
When evaluating 62886EAY4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 62886EAY4 bond have on its future price. 62886EAY4 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, 62886EAY4 autocorrelation shows the relationship between 62886EAY4 bond current value and its past values and can show if there is a momentum factor associated with investing in NCR P NEW.
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 62886EAY4 Bond
62886EAY4 financial ratios help investors to determine whether 62886EAY4 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 62886EAY4 with respect to the benefits of owning 62886EAY4 security.