PRXNA 4027 03 AUG 50 Market Value
| 74365PAD0 | 53.75 0.00 0.00% |
| Symbol | PRXNA |
Please note, there is a significant difference between PRXNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if PRXNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PRXNA'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.
PRXNA '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 PRXNA'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 PRXNA.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in PRXNA on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding PRXNA 4027 03 AUG 50 or generate 0.0% return on investment in PRXNA over 690 days. PRXNA is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
PRXNA 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 PRXNA'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 PRXNA 4027 03 AUG 50 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 40.76 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.11 |
PRXNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRXNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRXNA's standard deviation. In reality, there are many statistical measures that can use PRXNA historical prices to predict the future PRXNA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 0.1376 |
PRXNA 4027 03 Backtested Returns
PRXNA 4027 03 maintains Sharpe Ratio (i.e., Efficiency) of -0.0253, which implies the entity had a -0.0253% return per unit of standard deviation over the last 3 months. PRXNA 4027 03 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PRXNA's Market Risk Adjusted Performance of 0.1476, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,513) to confirm the risk estimate we provide. The bond holds a Beta of -1.11, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning PRXNA are expected to decrease slowly. On the other hand, during market turmoil, PRXNA is expected to outperform it slightly.
Auto-correlation | -0.38 |
Poor reverse predictability
PRXNA 4027 03 AUG 50 has poor reverse predictability. Overlapping area represents the amount of predictability between PRXNA time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 PRXNA 4027 03 price movement. The serial correlation of -0.38 indicates that just about 38.0% of current PRXNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4.93 |
PRXNA 4027 03 lagged returns against current returns
Autocorrelation, which is PRXNA 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 PRXNA's bond expected returns. We can calculate the autocorrelation of PRXNA returns to help us make a trade decision. For example, suppose you find that PRXNA 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 |
PRXNA 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 PRXNA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRXNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRXNA bond over time.
Current vs Lagged Prices |
| Timeline |
PRXNA Lagged Returns
When evaluating PRXNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRXNA bond have on its future price. PRXNA 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, PRXNA autocorrelation shows the relationship between PRXNA bond current value and its past values and can show if there is a momentum factor associated with investing in PRXNA 4027 03 AUG 50.
Regressed Prices |
| Timeline |
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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 PRXNA Bond
PRXNA financial ratios help investors to determine whether PRXNA 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 PRXNA with respect to the benefits of owning PRXNA security.