SPECTRA ENERGY PARTNERS Market Value

84756NAG4   81.46  5.35  6.16%   
SPECTRA's market value is the price at which a share of SPECTRA trades on an exchange. It measures the collective expectations of SPECTRA ENERGY PARTNERS investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of SPECTRA ENERGY PARTNERS and determine expected loss or profit from investing in SPECTRA over a given investment horizon.
Check out SPECTRA Correlation, SPECTRA Volatility and SPECTRA Alpha and Beta module to complement your research on SPECTRA.
Symbol

Please note, there is a significant difference between SPECTRA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPECTRA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPECTRA'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.

SPECTRA '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 SPECTRA'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 SPECTRA.
0.00
09/11/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/10/2024
0.00
If you would invest  0.00  in SPECTRA on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding SPECTRA ENERGY PARTNERS or generate 0.0% return on investment in SPECTRA over 90 days. SPECTRA is related to or competes with Xponential Fitness, Sonida Senior, Amgen, Akanda Corp, Merit Medical, Kite Realty, and Cedar Realty. More

SPECTRA 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 SPECTRA'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 SPECTRA ENERGY PARTNERS upside and downside potential and time the market with a certain degree of confidence.

SPECTRA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SPECTRA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SPECTRA's standard deviation. In reality, there are many statistical measures that can use SPECTRA historical prices to predict the future SPECTRA's volatility.
Hype
Prediction
LowEstimatedHigh
79.8781.4683.05
Details
Intrinsic
Valuation
LowRealHigh
73.3183.2384.82
Details
Naive
Forecast
LowNextHigh
77.2878.8780.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
80.4382.5184.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as SPECTRA. Your research has to be compared to or analyzed against SPECTRA's peers to derive any actionable benefits. When done correctly, SPECTRA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in SPECTRA ENERGY PARTNERS.

SPECTRA ENERGY PARTNERS Backtested Returns

At this point, SPECTRA is very steady. SPECTRA ENERGY PARTNERS owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0076, which indicates the bond had a 0.0076% return per unit of volatility over the last 3 months. We have found twenty-two technical indicators for SPECTRA ENERGY PARTNERS, which you can use to evaluate the volatility of the bond. Please validate SPECTRA's risk adjusted performance of (0.05), and Variance of 0.9995 to confirm if the risk estimate we provide is consistent with the expected return of 0.012%. The entity has a beta of -0.015, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SPECTRA are expected to decrease at a much lower rate. During the bear market, SPECTRA is likely to outperform the market.

Auto-correlation

    
  -0.54  

Good reverse predictability

SPECTRA ENERGY PARTNERS has good reverse predictability. Overlapping area represents the amount of predictability between SPECTRA time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 SPECTRA ENERGY PARTNERS price movement. The serial correlation of -0.54 indicates that about 54.0% of current SPECTRA price fluctuation can be explain by its past prices.
Correlation Coefficient-0.54
Spearman Rank Test-0.36
Residual Average0.0
Price Variance1.93

SPECTRA ENERGY PARTNERS lagged returns against current returns

Autocorrelation, which is SPECTRA 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 SPECTRA's bond expected returns. We can calculate the autocorrelation of SPECTRA returns to help us make a trade decision. For example, suppose you find that SPECTRA 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  

SPECTRA 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 SPECTRA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SPECTRA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SPECTRA bond over time.
   Current vs Lagged Prices   
       Timeline  

SPECTRA Lagged Returns

When evaluating SPECTRA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SPECTRA bond have on its future price. SPECTRA 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, SPECTRA autocorrelation shows the relationship between SPECTRA bond current value and its past values and can show if there is a momentum factor associated with investing in SPECTRA ENERGY PARTNERS.
   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 SPECTRA Bond

SPECTRA financial ratios help investors to determine whether SPECTRA 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 SPECTRA with respect to the benefits of owning SPECTRA security.