UNH 53 15 FEB 30 Market Value
91324PEQ1 | 101.63 0.67 0.65% |
Symbol | 91324PEQ1 |
Please note, there is a significant difference between 91324PEQ1's value and its price as these two are different measures arrived at by different means. Investors typically determine if 91324PEQ1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 91324PEQ1'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.
91324PEQ1 '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 91324PEQ1'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 91324PEQ1.
12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in 91324PEQ1 on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding UNH 53 15 FEB 30 or generate 0.0% return on investment in 91324PEQ1 over 720 days. 91324PEQ1 is related to or competes with Barrick Gold, Perseus Mining, Paltalk, Royalty Management, Sapiens International, and Artisan Partners. More
91324PEQ1 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 91324PEQ1'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 UNH 53 15 FEB 30 upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.12) | |||
Maximum Drawdown | 10.53 | |||
Value At Risk | (1.08) | |||
Potential Upside | 0.4051 |
91324PEQ1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 91324PEQ1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 91324PEQ1's standard deviation. In reality, there are many statistical measures that can use 91324PEQ1 historical prices to predict the future 91324PEQ1's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.63) |
UNH 53 15 Backtested Returns
UNH 53 15 secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the bond had a -0.25% return per unit of price deviation over the last 3 months. UNH 53 15 FEB 30 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 91324PEQ1's Variance of 1.35, coefficient of variation of (2,045), and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 91324PEQ1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 91324PEQ1 is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
UNH 53 15 FEB 30 has very good reverse predictability. Overlapping area represents the amount of predictability between 91324PEQ1 time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 UNH 53 15 price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current 91324PEQ1 price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.61 | |
Spearman Rank Test | -0.1 | |
Residual Average | 0.0 | |
Price Variance | 2.24 |
UNH 53 15 lagged returns against current returns
Autocorrelation, which is 91324PEQ1 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 91324PEQ1's bond expected returns. We can calculate the autocorrelation of 91324PEQ1 returns to help us make a trade decision. For example, suppose you find that 91324PEQ1 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 |
91324PEQ1 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 91324PEQ1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 91324PEQ1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 91324PEQ1 bond over time.
Current vs Lagged Prices |
Timeline |
91324PEQ1 Lagged Returns
When evaluating 91324PEQ1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 91324PEQ1 bond have on its future price. 91324PEQ1 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, 91324PEQ1 autocorrelation shows the relationship between 91324PEQ1 bond current value and its past values and can show if there is a momentum factor associated with investing in UNH 53 15 FEB 30.
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 91324PEQ1 Bond
91324PEQ1 financial ratios help investors to determine whether 91324PEQ1 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 91324PEQ1 with respect to the benefits of owning 91324PEQ1 security.