PIEDMONT NAT GAS Market Value
| 720186AK1 | 72.55 0.71 0.97% |
| Symbol | PIEDMONT |
PIEDMONT '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 PIEDMONT'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 PIEDMONT.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in PIEDMONT on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding PIEDMONT NAT GAS or generate 0.0% return on investment in PIEDMONT over 90 days. PIEDMONT is related to or competes with MYT Netherlands, Verra Mobility, Zijin Mining, Delek Logistics, Copperbank Resources, and GMéxico Transportes. More
PIEDMONT 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 PIEDMONT'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 PIEDMONT NAT GAS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.0632 | |||
| Maximum Drawdown | 12.11 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 4.77 |
PIEDMONT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PIEDMONT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PIEDMONT's standard deviation. In reality, there are many statistical measures that can use PIEDMONT historical prices to predict the future PIEDMONT's volatility.| Risk Adjusted Performance | 0.0412 | |||
| Jensen Alpha | 0.0868 | |||
| Total Risk Alpha | 0.3192 | |||
| Sortino Ratio | 0.0562 | |||
| Treynor Ratio | (1.00) |
PIEDMONT NAT GAS Backtested Returns
At this point, PIEDMONT is very steady. PIEDMONT NAT GAS maintains Sharpe Ratio (i.e., Efficiency) of 0.0389, which implies the entity had a 0.0389 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PIEDMONT NAT GAS, which you can use to evaluate the volatility of the bond. Please check PIEDMONT's Semi Deviation of 2.83, mean deviation of 1.85, and Risk Adjusted Performance of 0.0412 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The bond holds a Beta of -0.0938, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PIEDMONT are expected to decrease at a much lower rate. During the bear market, PIEDMONT is likely to outperform the market.
Auto-correlation | 0.36 |
Below average predictability
PIEDMONT NAT GAS has below average predictability. Overlapping area represents the amount of predictability between PIEDMONT time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 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 PIEDMONT NAT GAS price movement. The serial correlation of 0.36 indicates that just about 36.0% of current PIEDMONT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
PIEDMONT NAT GAS lagged returns against current returns
Autocorrelation, which is PIEDMONT 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 PIEDMONT's bond expected returns. We can calculate the autocorrelation of PIEDMONT returns to help us make a trade decision. For example, suppose you find that PIEDMONT 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 |
PIEDMONT 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 PIEDMONT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PIEDMONT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PIEDMONT bond over time.
Current vs Lagged Prices |
| Timeline |
PIEDMONT Lagged Returns
When evaluating PIEDMONT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PIEDMONT bond have on its future price. PIEDMONT 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, PIEDMONT autocorrelation shows the relationship between PIEDMONT bond current value and its past values and can show if there is a momentum factor associated with investing in PIEDMONT NAT GAS.
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 PIEDMONT Bond
PIEDMONT financial ratios help investors to determine whether PIEDMONT 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 PIEDMONT with respect to the benefits of owning PIEDMONT security.