NEM 26 15 JUL 32 Market Value
| 651639AZ9 | 78.90 6.19 7.27% |
| Symbol | 651639AZ9 |
Please note, there is a significant difference between 651639AZ9's value and its price as these two are different measures arrived at by different means. Investors typically determine if 651639AZ9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 651639AZ9'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.
651639AZ9 '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 651639AZ9'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 651639AZ9.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in 651639AZ9 on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding NEM 26 15 JUL 32 or generate 0.0% return on investment in 651639AZ9 over 30 days. 651639AZ9 is related to or competes with 00108WAF7, 90331HPL1, Republic Bancorp, BYD Co, Fast Retailing, RCM Technologies, and Trio Tech. More
651639AZ9 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 651639AZ9'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 NEM 26 15 JUL 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.8002 |
651639AZ9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 651639AZ9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 651639AZ9's standard deviation. In reality, there are many statistical measures that can use 651639AZ9 historical prices to predict the future 651639AZ9's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.73) |
NEM 26 15 Backtested Returns
At this point, 651639AZ9 is very steady. NEM 26 15 secures Sharpe Ratio (or Efficiency) of 0.0065, which signifies that the bond had a 0.0065% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for NEM 26 15 JUL 32, which you can use to evaluate the volatility of the entity. Please confirm 651639AZ9's variance of 2.18, and Mean Deviation of 0.6604 to double-check if the risk estimate we provide is consistent with the expected return of 0.0121%. The bond shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 651639AZ9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 651639AZ9 is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
NEM 26 15 JUL 32 has good reverse predictability. Overlapping area represents the amount of predictability between 651639AZ9 time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 NEM 26 15 price movement. The serial correlation of -0.53 indicates that about 53.0% of current 651639AZ9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 4.8 |
NEM 26 15 lagged returns against current returns
Autocorrelation, which is 651639AZ9 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 651639AZ9's bond expected returns. We can calculate the autocorrelation of 651639AZ9 returns to help us make a trade decision. For example, suppose you find that 651639AZ9 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 |
651639AZ9 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 651639AZ9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 651639AZ9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 651639AZ9 bond over time.
Current vs Lagged Prices |
| Timeline |
651639AZ9 Lagged Returns
When evaluating 651639AZ9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 651639AZ9 bond have on its future price. 651639AZ9 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, 651639AZ9 autocorrelation shows the relationship between 651639AZ9 bond current value and its past values and can show if there is a momentum factor associated with investing in NEM 26 15 JUL 32.
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 651639AZ9 Bond
651639AZ9 financial ratios help investors to determine whether 651639AZ9 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 651639AZ9 with respect to the benefits of owning 651639AZ9 security.