PCG 615 15 JAN 33 Market Value
| 694308KJ5 | 98.51 5.25 5.06% |
| Symbol | 694308KJ5 |
Please note, there is a significant difference between 694308KJ5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 694308KJ5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 694308KJ5'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.
694308KJ5 '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 694308KJ5'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 694308KJ5.
| 09/10/2023 |
| 01/02/2025 |
If you would invest 0.00 in 694308KJ5 on September 10, 2023 and sell it all today you would earn a total of 0.00 from holding PCG 615 15 JAN 33 or generate 0.0% return on investment in 694308KJ5 over 480 days. 694308KJ5 is related to or competes with Olympic Steel, Avient Corp, Cementos Pacasmayo, Western Digital, Apogee Enterprises, Amkor Technology, and IPG Photonics. More
694308KJ5 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 694308KJ5'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 PCG 615 15 JAN 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.27 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.6622 |
694308KJ5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 694308KJ5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 694308KJ5's standard deviation. In reality, there are many statistical measures that can use 694308KJ5 historical prices to predict the future 694308KJ5's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 2.21 |
PCG 615 15 Backtested Returns
PCG 615 15 secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of price deviation over the last 3 months. PCG 615 15 JAN 33 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 694308KJ5's Mean Deviation of 0.5168, information ratio of (0.16), and Market Risk Adjusted Performance of 2.22 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0678, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 694308KJ5 are expected to decrease at a much lower rate. During the bear market, 694308KJ5 is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
PCG 615 15 JAN 33 has good predictability. Overlapping area represents the amount of predictability between 694308KJ5 time series from 10th of September 2023 to 7th of May 2024 and 7th of May 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PCG 615 15 price movement. The serial correlation of 0.77 indicates that around 77.0% of current 694308KJ5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 3.87 |
PCG 615 15 lagged returns against current returns
Autocorrelation, which is 694308KJ5 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 694308KJ5's bond expected returns. We can calculate the autocorrelation of 694308KJ5 returns to help us make a trade decision. For example, suppose you find that 694308KJ5 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 |
694308KJ5 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 694308KJ5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 694308KJ5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 694308KJ5 bond over time.
Current vs Lagged Prices |
| Timeline |
694308KJ5 Lagged Returns
When evaluating 694308KJ5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 694308KJ5 bond have on its future price. 694308KJ5 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, 694308KJ5 autocorrelation shows the relationship between 694308KJ5 bond current value and its past values and can show if there is a momentum factor associated with investing in PCG 615 15 JAN 33.
Regressed Prices |
| Timeline |
Also Currently Popular
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| CRESY | Cresud SACIF y | |
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Other Information on Investing in 694308KJ5 Bond
694308KJ5 financial ratios help investors to determine whether 694308KJ5 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 694308KJ5 with respect to the benefits of owning 694308KJ5 security.