PHILLIPS 66 5875 Market Value
| 718546AH7 | 109.10 5.91 5.73% |
| Symbol | 718546AH7 |
718546AH7 '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 718546AH7'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 718546AH7.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in 718546AH7 on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding PHILLIPS 66 5875 or generate 0.0% return on investment in 718546AH7 over 30 days. 718546AH7 is related to or competes with China Aircraft, Timken, Lincoln Electric, Loandepot, United Rentals, and Steven Madden. More
718546AH7 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 718546AH7'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 PHILLIPS 66 5875 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.6 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 3.04 |
718546AH7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 718546AH7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 718546AH7's standard deviation. In reality, there are many statistical measures that can use 718546AH7 historical prices to predict the future 718546AH7's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.0083 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1195 |
PHILLIPS 66 5875 Backtested Returns
At this point, 718546AH7 is very steady. PHILLIPS 66 5875 secures Sharpe Ratio (or Efficiency) of 0.043, which signifies that the bond had a 0.043% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for PHILLIPS 66 5875, which you can use to evaluate the volatility of the entity. Please confirm 718546AH7's Mean Deviation of 1.2, market risk adjusted performance of 0.1295, and Standard Deviation of 2.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.0425%. The bond shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 718546AH7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 718546AH7 is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
PHILLIPS 66 5875 has below average predictability. Overlapping area represents the amount of predictability between 718546AH7 time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 PHILLIPS 66 5875 price movement. The serial correlation of 0.39 indicates that just about 39.0% of current 718546AH7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.91 |
PHILLIPS 66 5875 lagged returns against current returns
Autocorrelation, which is 718546AH7 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 718546AH7's bond expected returns. We can calculate the autocorrelation of 718546AH7 returns to help us make a trade decision. For example, suppose you find that 718546AH7 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 |
718546AH7 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 718546AH7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 718546AH7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 718546AH7 bond over time.
Current vs Lagged Prices |
| Timeline |
718546AH7 Lagged Returns
When evaluating 718546AH7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 718546AH7 bond have on its future price. 718546AH7 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, 718546AH7 autocorrelation shows the relationship between 718546AH7 bond current value and its past values and can show if there is a momentum factor associated with investing in PHILLIPS 66 5875.
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 718546AH7 Bond
718546AH7 financial ratios help investors to determine whether 718546AH7 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 718546AH7 with respect to the benefits of owning 718546AH7 security.