PHILLIPS 66 465 Market Value
| 718546AK0 | 90.44 4.58 4.82% |
| Symbol | 718546AK0 |
718546AK0 '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 718546AK0'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 718546AK0.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in 718546AK0 on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding PHILLIPS 66 465 or generate 0.0% return on investment in 718546AK0 over 30 days. 718546AK0 is related to or competes with ServiceNow, Uber Technologies, Monster Beverage, Cadence Design, Bill, Diageo PLC, and Coca Cola. More
718546AK0 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 718546AK0'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 66 465 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 1.59 |
718546AK0 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 718546AK0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 718546AK0's standard deviation. In reality, there are many statistical measures that can use 718546AK0 historical prices to predict the future 718546AK0's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 10.26 |
PHILLIPS 66 465 Backtested Returns
PHILLIPS 66 465 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. PHILLIPS 66 465 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 718546AK0's Market Risk Adjusted Performance of 10.27, mean deviation of 0.7505, and Information Ratio of (0.18) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0148, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 718546AK0 are expected to decrease at a much lower rate. During the bear market, 718546AK0 is likely to outperform the market.
Auto-correlation | -0.64 |
Very good reverse predictability
PHILLIPS 66 465 has very good reverse predictability. Overlapping area represents the amount of predictability between 718546AK0 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 66 465 price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current 718546AK0 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
PHILLIPS 66 465 lagged returns against current returns
Autocorrelation, which is 718546AK0 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 718546AK0's bond expected returns. We can calculate the autocorrelation of 718546AK0 returns to help us make a trade decision. For example, suppose you find that 718546AK0 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 |
718546AK0 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 718546AK0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 718546AK0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 718546AK0 bond over time.
Current vs Lagged Prices |
| Timeline |
718546AK0 Lagged Returns
When evaluating 718546AK0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 718546AK0 bond have on its future price. 718546AK0 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, 718546AK0 autocorrelation shows the relationship between 718546AK0 bond current value and its past values and can show if there is a momentum factor associated with investing in PHILLIPS 66 465.
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 718546AK0 Bond
718546AK0 financial ratios help investors to determine whether 718546AK0 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 718546AK0 with respect to the benefits of owning 718546AK0 security.