NCL 3625 Market Value
| 62886HAP6 | 98.51 0.00 0.00% |
| Symbol | 62886HAP6 |
62886HAP6 '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 62886HAP6'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 62886HAP6.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in 62886HAP6 on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding NCL 3625 or generate 0.0% return on investment in 62886HAP6 over 30 days. 62886HAP6 is related to or competes with Sapiens International, Delek Logistics, United Airlines, Ihuman, Afya, and Q2 Holdings. More
62886HAP6 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 62886HAP6'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 NCL 3625 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.3848 |
62886HAP6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 62886HAP6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 62886HAP6's standard deviation. In reality, there are many statistical measures that can use 62886HAP6 historical prices to predict the future 62886HAP6's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.23) |
62886HAP6 Backtested Returns
62886HAP6 secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of risk over the last 3 months. NCL 3625 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 62886HAP6's mean deviation of 0.2175, and Variance of 0.3457 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.0759, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 62886HAP6's returns are expected to increase less than the market. However, during the bear market, the loss of holding 62886HAP6 is expected to be smaller as well.
Auto-correlation | -0.88 |
Excellent reverse predictability
NCL 3625 has excellent reverse predictability. Overlapping area represents the amount of predictability between 62886HAP6 time series from 24th of November 2024 to 9th of December 2024 and 9th of December 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 62886HAP6 price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current 62886HAP6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
62886HAP6 lagged returns against current returns
Autocorrelation, which is 62886HAP6 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 62886HAP6's bond expected returns. We can calculate the autocorrelation of 62886HAP6 returns to help us make a trade decision. For example, suppose you find that 62886HAP6 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 |
62886HAP6 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 62886HAP6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 62886HAP6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 62886HAP6 bond over time.
Current vs Lagged Prices |
| Timeline |
62886HAP6 Lagged Returns
When evaluating 62886HAP6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 62886HAP6 bond have on its future price. 62886HAP6 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, 62886HAP6 autocorrelation shows the relationship between 62886HAP6 bond current value and its past values and can show if there is a momentum factor associated with investing in NCL 3625.
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 62886HAP6 Bond
62886HAP6 financial ratios help investors to determine whether 62886HAP6 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 62886HAP6 with respect to the benefits of owning 62886HAP6 security.