UNUM GROUP 575 Market Value
| 91529YAJ5 | 87.42 10.10 10.36% |
| Symbol | 91529YAJ5 |
91529YAJ5 '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 91529YAJ5'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 91529YAJ5.
| 02/05/2023 |
| 01/25/2025 |
If you would invest 0.00 in 91529YAJ5 on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding UNUM GROUP 575 or generate 0.0% return on investment in 91529YAJ5 over 720 days. 91529YAJ5 is related to or competes with MagnaChip Semiconductor, Paranovus Entertainment, Academy Sports, Nexstar Broadcasting, Flutter Entertainment, Micron Technology, and Tower Semiconductor. More
91529YAJ5 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 91529YAJ5'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 UNUM GROUP 575 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 1.45 |
91529YAJ5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 91529YAJ5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 91529YAJ5's standard deviation. In reality, there are many statistical measures that can use 91529YAJ5 historical prices to predict the future 91529YAJ5's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.3031 |
UNUM GROUP 575 Backtested Returns
UNUM GROUP 575 secures Sharpe Ratio (or Efficiency) of -0.0104, which signifies that the bond had a -0.0104 % return per unit of return volatility over the last 3 months. UNUM GROUP 575 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 91529YAJ5's coefficient of variation of (9,601), and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.071, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 91529YAJ5 are expected to decrease at a much lower rate. During the bear market, 91529YAJ5 is likely to outperform the market.
Auto-correlation | -0.23 |
Weak reverse predictability
UNUM GROUP 575 has weak reverse predictability. Overlapping area represents the amount of predictability between 91529YAJ5 time series from 5th of February 2023 to 31st of January 2024 and 31st of January 2024 to 25th of January 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 UNUM GROUP 575 price movement. The serial correlation of -0.23 indicates that over 23.0% of current 91529YAJ5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 5.74 |
UNUM GROUP 575 lagged returns against current returns
Autocorrelation, which is 91529YAJ5 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 91529YAJ5's bond expected returns. We can calculate the autocorrelation of 91529YAJ5 returns to help us make a trade decision. For example, suppose you find that 91529YAJ5 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 |
91529YAJ5 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 91529YAJ5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 91529YAJ5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 91529YAJ5 bond over time.
Current vs Lagged Prices |
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91529YAJ5 Lagged Returns
When evaluating 91529YAJ5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 91529YAJ5 bond have on its future price. 91529YAJ5 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, 91529YAJ5 autocorrelation shows the relationship between 91529YAJ5 bond current value and its past values and can show if there is a momentum factor associated with investing in UNUM GROUP 575.
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 91529YAJ5 Bond
91529YAJ5 financial ratios help investors to determine whether 91529YAJ5 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 91529YAJ5 with respect to the benefits of owning 91529YAJ5 security.