Six Flags Entertainment Market Value
| 83001AAC6 | 99.38 0.38 0.38% |
| Symbol | 83001AAC6 |
83001AAC6 '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 83001AAC6'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 83001AAC6.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in 83001AAC6 on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Six Flags Entertainment or generate 0.0% return on investment in 83001AAC6 over 60 days. 83001AAC6 is related to or competes with East Africa, Old Republic, Aegon NV, Sabre Insurance, GoHealth, and Kinsale Capital. More
83001AAC6 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 83001AAC6'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 Six Flags Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 2.63 |
83001AAC6 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 83001AAC6's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 83001AAC6's standard deviation. In reality, there are many statistical measures that can use 83001AAC6 historical prices to predict the future 83001AAC6's volatility.| Risk Adjusted Performance | 0.014 | |||
| Jensen Alpha | 0.0225 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.06) |
Six Flags Entertainment Backtested Returns
Six Flags Entertainment secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. Six Flags Entertainment exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 83001AAC6's Semi Deviation of 2.02, risk adjusted performance of 0.014, and Downside Deviation of 2.22 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 83001AAC6 are expected to decrease at a much lower rate. During the bear market, 83001AAC6 is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Six Flags Entertainment has insignificant reverse predictability. Overlapping area represents the amount of predictability between 83001AAC6 time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th 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 Six Flags Entertainment price movement. The serial correlation of -0.18 indicates that over 18.0% of current 83001AAC6 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Six Flags Entertainment lagged returns against current returns
Autocorrelation, which is 83001AAC6 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 83001AAC6's bond expected returns. We can calculate the autocorrelation of 83001AAC6 returns to help us make a trade decision. For example, suppose you find that 83001AAC6 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 |
83001AAC6 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 83001AAC6 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 83001AAC6 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 83001AAC6 bond over time.
Current vs Lagged Prices |
| Timeline |
83001AAC6 Lagged Returns
When evaluating 83001AAC6's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 83001AAC6 bond have on its future price. 83001AAC6 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, 83001AAC6 autocorrelation shows the relationship between 83001AAC6 bond current value and its past values and can show if there is a momentum factor associated with investing in Six Flags Entertainment.
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 83001AAC6 Bond
83001AAC6 financial ratios help investors to determine whether 83001AAC6 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 83001AAC6 with respect to the benefits of owning 83001AAC6 security.