NESNVX 425 01 OCT 29 Market Value
| 641062BC7 | 99.60 1.73 1.77% |
| Symbol | NESNVX |
Please note, there is a significant difference between NESNVX's value and its price as these two are different measures arrived at by different means. Investors typically determine if NESNVX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NESNVX'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.
NESNVX '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 NESNVX'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 NESNVX.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in NESNVX on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding NESNVX 425 01 OCT 29 or generate 0.0% return on investment in NESNVX over 30 days. NESNVX is related to or competes with SkyWest, Air Transport, Spyre Therapeutics, Sellas Life, Delta Air, Volaris, and Mink Therapeutics. More
NESNVX 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 NESNVX'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 NESNVX 425 01 OCT 29 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.539 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.46 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.8565 |
NESNVX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NESNVX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NESNVX's standard deviation. In reality, there are many statistical measures that can use NESNVX historical prices to predict the future NESNVX's volatility.| Risk Adjusted Performance | 0.0195 | |||
| Jensen Alpha | 0.0086 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.28) |
NESNVX 425 01 Backtested Returns
NESNVX 425 01 has Sharpe Ratio of -0.09, which conveys that the entity had a -0.09% return per unit of standard deviation over the last 3 months. NESNVX exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NESNVX's Risk Adjusted Performance of 0.0195, market risk adjusted performance of (0.27), and Mean Deviation of 0.4093 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.0272, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NESNVX are expected to decrease at a much lower rate. During the bear market, NESNVX is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
NESNVX 425 01 OCT 29 has good reverse predictability. Overlapping area represents the amount of predictability between NESNVX time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 NESNVX 425 01 price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current NESNVX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
NESNVX 425 01 lagged returns against current returns
Autocorrelation, which is NESNVX 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 NESNVX's bond expected returns. We can calculate the autocorrelation of NESNVX returns to help us make a trade decision. For example, suppose you find that NESNVX 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 |
NESNVX 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 NESNVX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NESNVX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NESNVX bond over time.
Current vs Lagged Prices |
| Timeline |
NESNVX Lagged Returns
When evaluating NESNVX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NESNVX bond have on its future price. NESNVX 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, NESNVX autocorrelation shows the relationship between NESNVX bond current value and its past values and can show if there is a momentum factor associated with investing in NESNVX 425 01 OCT 29.
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 NESNVX Bond
NESNVX financial ratios help investors to determine whether NESNVX 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 NESNVX with respect to the benefits of owning NESNVX security.