PROSPECT CAP P Market Value
| 74348YEA5 | 88.50 11.12 14.37% |
| Symbol | PROSPECT |
PROSPECT '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 PROSPECT'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 PROSPECT.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in PROSPECT on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding PROSPECT CAP P or generate 0.0% return on investment in PROSPECT over 90 days. PROSPECT is related to or competes with Norfolk Southern, Skechers USA, Mesa Air, Vera Bradley, Hafnia, Jerash Holdings, and Figs. More
PROSPECT 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 PROSPECT'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 PROSPECT CAP P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 4.64 |
PROSPECT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PROSPECT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PROSPECT's standard deviation. In reality, there are many statistical measures that can use PROSPECT historical prices to predict the future PROSPECT's volatility.| Risk Adjusted Performance | 0.0267 | |||
| Jensen Alpha | 0.0665 | |||
| Total Risk Alpha | 0.3809 | |||
| Sortino Ratio | 0.0492 | |||
| Treynor Ratio | (1.72) |
PROSPECT CAP P Backtested Returns
PROSPECT appears to be very steady, given 3 months investment horizon. PROSPECT CAP P maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the entity had a 0.2 % return per unit of volatility over the last 3 months. By reviewing PROSPECT's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please evaluate PROSPECT's risk adjusted performance of 0.0267, and Semi Deviation of 2.73 to confirm if our risk estimates are consistent with your expectations. The bond holds a Beta of -0.0405, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PROSPECT are expected to decrease at a much lower rate. During the bear market, PROSPECT is likely to outperform the market.
Auto-correlation | -0.15 |
Insignificant reverse predictability
PROSPECT CAP P has insignificant reverse predictability. Overlapping area represents the amount of predictability between PROSPECT time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 PROSPECT CAP P price movement. The serial correlation of -0.15 indicates that less than 15.0% of current PROSPECT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 25.5 |
PROSPECT CAP P lagged returns against current returns
Autocorrelation, which is PROSPECT 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 PROSPECT's bond expected returns. We can calculate the autocorrelation of PROSPECT returns to help us make a trade decision. For example, suppose you find that PROSPECT 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 |
PROSPECT 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 PROSPECT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PROSPECT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PROSPECT bond over time.
Current vs Lagged Prices |
| Timeline |
PROSPECT Lagged Returns
When evaluating PROSPECT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PROSPECT bond have on its future price. PROSPECT 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, PROSPECT autocorrelation shows the relationship between PROSPECT bond current value and its past values and can show if there is a momentum factor associated with investing in PROSPECT CAP P.
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 PROSPECT Bond
PROSPECT financial ratios help investors to determine whether PROSPECT 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 PROSPECT with respect to the benefits of owning PROSPECT security.