PRI 28 19 NOV 31 Market Value
| 74164MAB4 | 85.18 1.66 1.91% |
| Symbol | 74164MAB4 |
Please note, there is a significant difference between 74164MAB4's value and its price as these two are different measures arrived at by different means. Investors typically determine if 74164MAB4 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 74164MAB4'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.
74164MAB4 '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 74164MAB4'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 74164MAB4.
| 12/01/2024 |
| 03/01/2025 |
If you would invest 0.00 in 74164MAB4 on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding PRI 28 19 NOV 31 or generate 0.0% return on investment in 74164MAB4 over 90 days. 74164MAB4 is related to or competes with 00108WAF7, IShares Global, Exxon, Johnson Johnson, 3M, Cisco Systems, and JPMorgan Chase. More
74164MAB4 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 74164MAB4'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 PRI 28 19 NOV 31 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.83 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.7617 |
74164MAB4 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 74164MAB4's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 74164MAB4's standard deviation. In reality, there are many statistical measures that can use 74164MAB4 historical prices to predict the future 74164MAB4's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.18) |
PRI 28 19 Backtested Returns
PRI 28 19 secures Sharpe Ratio (or Efficiency) of -0.0591, which signifies that the bond had a -0.0591 % return per unit of price deviation over the last 3 months. PRI 28 19 NOV 31 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 74164MAB4's Mean Deviation of 0.4586, market risk adjusted performance of (0.17), and Information Ratio of (0.01) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 74164MAB4's returns are expected to increase less than the market. However, during the bear market, the loss of holding 74164MAB4 is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
PRI 28 19 NOV 31 has good reverse predictability. Overlapping area represents the amount of predictability between 74164MAB4 time series from 1st of December 2024 to 15th of January 2025 and 15th of January 2025 to 1st 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 PRI 28 19 price movement. The serial correlation of -0.52 indicates that about 52.0% of current 74164MAB4 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
PRI 28 19 lagged returns against current returns
Autocorrelation, which is 74164MAB4 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 74164MAB4's bond expected returns. We can calculate the autocorrelation of 74164MAB4 returns to help us make a trade decision. For example, suppose you find that 74164MAB4 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 |
74164MAB4 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 74164MAB4 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 74164MAB4 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 74164MAB4 bond over time.
Current vs Lagged Prices |
| Timeline |
74164MAB4 Lagged Returns
When evaluating 74164MAB4's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 74164MAB4 bond have on its future price. 74164MAB4 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, 74164MAB4 autocorrelation shows the relationship between 74164MAB4 bond current value and its past values and can show if there is a momentum factor associated with investing in PRI 28 19 NOV 31.
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 74164MAB4 Bond
74164MAB4 financial ratios help investors to determine whether 74164MAB4 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 74164MAB4 with respect to the benefits of owning 74164MAB4 security.