Wynn Las Vegas Market Value
| 983130AX3 | 92.97 6.31 6.36% |
| Symbol | 983130AX3 |
983130AX3 '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 983130AX3'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 983130AX3.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in 983130AX3 on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Wynn Las Vegas or generate 0.0% return on investment in 983130AX3 over 720 days. 983130AX3 is related to or competes with 00108WAF7, 90331HPL1, BlueLinx Holdings, Texas Pacific, Fortress Biotech, Cisco Systems, and PetMed Express. More
983130AX3 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 983130AX3'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 Wynn Las Vegas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 1.24 |
983130AX3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 983130AX3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 983130AX3's standard deviation. In reality, there are many statistical measures that can use 983130AX3 historical prices to predict the future 983130AX3's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.2425 |
Wynn Las Vegas Backtested Returns
Wynn Las Vegas secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14 % return per unit of standard deviation over the last 3 months. Wynn Las Vegas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 983130AX3's Coefficient Of Variation of (1,879), risk adjusted performance of (0.04), and Mean Deviation of 0.6083 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 983130AX3 are expected to decrease at a much lower rate. During the bear market, 983130AX3 is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
Wynn Las Vegas has weak reverse predictability. Overlapping area represents the amount of predictability between 983130AX3 time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st 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 Wynn Las Vegas price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current 983130AX3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Wynn Las Vegas lagged returns against current returns
Autocorrelation, which is 983130AX3 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 983130AX3's bond expected returns. We can calculate the autocorrelation of 983130AX3 returns to help us make a trade decision. For example, suppose you find that 983130AX3 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 |
983130AX3 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 983130AX3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 983130AX3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 983130AX3 bond over time.
Current vs Lagged Prices |
| Timeline |
983130AX3 Lagged Returns
When evaluating 983130AX3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 983130AX3 bond have on its future price. 983130AX3 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, 983130AX3 autocorrelation shows the relationship between 983130AX3 bond current value and its past values and can show if there is a momentum factor associated with investing in Wynn Las Vegas.
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 983130AX3 Bond
983130AX3 financial ratios help investors to determine whether 983130AX3 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 983130AX3 with respect to the benefits of owning 983130AX3 security.