PSI ENERGY INC Market Value
| 693627AY7 | 108.20 0.32 0.30% |
| Symbol | 693627AY7 |
693627AY7 '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 693627AY7'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 693627AY7.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in 693627AY7 on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding PSI ENERGY INC or generate 0.0% return on investment in 693627AY7 over 180 days. 693627AY7 is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, Chorus Aviation, Warner Bros, German American, and Blackstone. More
693627AY7 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 693627AY7'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 PSI ENERGY INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.79 |
693627AY7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 693627AY7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 693627AY7's standard deviation. In reality, there are many statistical measures that can use 693627AY7 historical prices to predict the future 693627AY7's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | 0.0275 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.11) |
PSI ENERGY INC Backtested Returns
PSI ENERGY INC secures Sharpe Ratio (or Efficiency) of -0.0118, which signifies that the bond had a -0.0118% return per unit of price deviation over the last 3 months. PSI ENERGY INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 693627AY7's Market Risk Adjusted Performance of (0.10), standard deviation of 1.7, and Mean Deviation of 1.15 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 693627AY7 are expected to decrease at a much lower rate. During the bear market, 693627AY7 is likely to outperform the market.
Auto-correlation | -0.7 |
Very good reverse predictability
PSI ENERGY INC has very good reverse predictability. Overlapping area represents the amount of predictability between 693627AY7 time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 PSI ENERGY INC price movement. The serial correlation of -0.7 indicates that around 70.0% of current 693627AY7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 4.99 |
PSI ENERGY INC lagged returns against current returns
Autocorrelation, which is 693627AY7 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 693627AY7's bond expected returns. We can calculate the autocorrelation of 693627AY7 returns to help us make a trade decision. For example, suppose you find that 693627AY7 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 |
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693627AY7 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 693627AY7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 693627AY7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 693627AY7 bond over time.
Current vs Lagged Prices |
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693627AY7 Lagged Returns
When evaluating 693627AY7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 693627AY7 bond have on its future price. 693627AY7 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, 693627AY7 autocorrelation shows the relationship between 693627AY7 bond current value and its past values and can show if there is a momentum factor associated with investing in PSI ENERGY INC.
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 693627AY7 Bond
693627AY7 financial ratios help investors to determine whether 693627AY7 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 693627AY7 with respect to the benefits of owning 693627AY7 security.