TRANSCONTINENTAL GAS PIPE Market Value
| 893574AM5 | 84.86 0.88 1.03% |
| Symbol | 893574AM5 |
893574AM5 '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 893574AM5'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 893574AM5.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in 893574AM5 on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding TRANSCONTINENTAL GAS PIPE or generate 0.0% return on investment in 893574AM5 over 90 days. 893574AM5 is related to or competes with Siriuspoint, Molecular Partners, MGIC Investment, Acumen Pharmaceuticals, Dyadic International, Universal Insurance, and Spyre Therapeutics. More
893574AM5 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 893574AM5'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 TRANSCONTINENTAL GAS PIPE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 7.78 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.44 |
893574AM5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 893574AM5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 893574AM5's standard deviation. In reality, there are many statistical measures that can use 893574AM5 historical prices to predict the future 893574AM5's volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.1122 | |||
| Sortino Ratio | 0.0812 | |||
| Treynor Ratio | 0.0346 |
TRANSCONTINENTAL GAS PIPE Backtested Returns
At this point, 893574AM5 is very steady. TRANSCONTINENTAL GAS PIPE retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the bond had a 0.11 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 893574AM5, which you can use to evaluate the volatility of the entity. Please confirm 893574AM5's Risk Adjusted Performance of 0.0043, coefficient of variation of 36791.24, and Semi Deviation of 1.09 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The bond owns a Beta (Systematic Risk) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 893574AM5 are expected to decrease at a much lower rate. During the bear market, 893574AM5 is likely to outperform the market.
Auto-correlation | 0.52 |
Modest predictability
TRANSCONTINENTAL GAS PIPE has modest predictability. Overlapping area represents the amount of predictability between 893574AM5 time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 TRANSCONTINENTAL GAS PIPE price movement. The serial correlation of 0.52 indicates that about 52.0% of current 893574AM5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
TRANSCONTINENTAL GAS PIPE lagged returns against current returns
Autocorrelation, which is 893574AM5 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 893574AM5's bond expected returns. We can calculate the autocorrelation of 893574AM5 returns to help us make a trade decision. For example, suppose you find that 893574AM5 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 |
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893574AM5 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 893574AM5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 893574AM5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 893574AM5 bond over time.
Current vs Lagged Prices |
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893574AM5 Lagged Returns
When evaluating 893574AM5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 893574AM5 bond have on its future price. 893574AM5 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, 893574AM5 autocorrelation shows the relationship between 893574AM5 bond current value and its past values and can show if there is a momentum factor associated with investing in TRANSCONTINENTAL GAS PIPE.
Regressed Prices |
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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 893574AM5 Bond
893574AM5 financial ratios help investors to determine whether 893574AM5 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 893574AM5 with respect to the benefits of owning 893574AM5 security.