71713UAW2's market value is the price at which a share of 71713UAW2 trades on an exchange. It measures the collective expectations of PHARMACIA P 66 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of PHARMACIA P 66 and determine expected loss or profit from investing in 71713UAW2 over a given investment horizon. Check out 71713UAW2 Correlation, 71713UAW2 Volatility and 71713UAW2 Alpha and Beta module to complement your research on 71713UAW2.
Please note, there is a significant difference between 71713UAW2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 71713UAW2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 71713UAW2'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.
71713UAW2 '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 71713UAW2'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 71713UAW2.
0.00
01/30/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/19/2025
0.00
If you would invest 0.00 in 71713UAW2 on January 30, 2023 and sell it all today you would earn a total of 0.00 from holding PHARMACIA P 66 or generate 0.0% return on investment in 71713UAW2 over 720 days. 71713UAW2 is related to or competes with Tower Semiconductor, Mako Mining, Denison Mines, Eltek, Kuya Silver, Plexus Corp, and Emerson Radio. More
71713UAW2 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 71713UAW2'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 PHARMACIA P 66 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 71713UAW2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 71713UAW2's standard deviation. In reality, there are many statistical measures that can use 71713UAW2 historical prices to predict the future 71713UAW2's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 71713UAW2. Your research has to be compared to or analyzed against 71713UAW2's peers to derive any actionable benefits. When done correctly, 71713UAW2's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PHARMACIA P 66.
PHARMACIA P 66 Backtested Returns
At this point, 71713UAW2 is very steady. PHARMACIA P 66 retains Efficiency (Sharpe Ratio) of 0.0473, which signifies that the bond had a 0.0473% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for 71713UAW2, which you can use to evaluate the volatility of the entity. Please confirm 71713UAW2's market risk adjusted performance of 0.269, and Information Ratio of (0.09) to double-check if the risk estimate we provide is consistent with the expected return of 0.0374%. The bond owns a Beta (Systematic Risk) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 71713UAW2 are expected to decrease at a much lower rate. During the bear market, 71713UAW2 is likely to outperform the market.
Auto-correlation
-0.38
Poor reverse predictability
PHARMACIA P 66 has poor reverse predictability. Overlapping area represents the amount of predictability between 71713UAW2 time series from 30th of January 2023 to 25th of January 2024 and 25th of January 2024 to 19th 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 PHARMACIA P 66 price movement. The serial correlation of -0.38 indicates that just about 38.0% of current 71713UAW2 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
1.47
PHARMACIA P 66 lagged returns against current returns
Autocorrelation, which is 71713UAW2 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 71713UAW2's bond expected returns. We can calculate the autocorrelation of 71713UAW2 returns to help us make a trade decision. For example, suppose you find that 71713UAW2 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
71713UAW2 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 71713UAW2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 71713UAW2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 71713UAW2 bond over time.
Current vs Lagged Prices
Timeline
71713UAW2 Lagged Returns
When evaluating 71713UAW2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 71713UAW2 bond have on its future price. 71713UAW2 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, 71713UAW2 autocorrelation shows the relationship between 71713UAW2 bond current value and its past values and can show if there is a momentum factor associated with investing in PHARMACIA P 66.
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.
71713UAW2 financial ratios help investors to determine whether 71713UAW2 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 71713UAW2 with respect to the benefits of owning 71713UAW2 security.