WYNN RESORTS FIN Market Value
| 983133AA7 | 95.68 0.41 0.43% |
| Symbol | 983133AA7 |
983133AA7 '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 983133AA7'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 983133AA7.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in 983133AA7 on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding WYNN RESORTS FIN or generate 0.0% return on investment in 983133AA7 over 30 days. 983133AA7 is related to or competes with CECO Environmental, Zhihu, SBM Offshore, Sable Offshore, ChampionX, Griffon, and Park Ohio. More
983133AA7 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 983133AA7'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 RESORTS FIN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.67 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.5714 |
983133AA7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 983133AA7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 983133AA7's standard deviation. In reality, there are many statistical measures that can use 983133AA7 historical prices to predict the future 983133AA7's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.24) |
WYNN RESORTS FIN Backtested Returns
WYNN RESORTS FIN secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15 % return per unit of risk over the last 3 months. WYNN RESORTS FIN exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 983133AA7's Coefficient Of Variation of (3,021), standard deviation of 0.8569, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 983133AA7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 983133AA7 is expected to be smaller as well.
Auto-correlation | -0.82 |
Excellent reverse predictability
WYNN RESORTS FIN has excellent reverse predictability. Overlapping area represents the amount of predictability between 983133AA7 time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 RESORTS FIN price movement. The serial correlation of -0.82 indicates that around 82.0% of current 983133AA7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
WYNN RESORTS FIN lagged returns against current returns
Autocorrelation, which is 983133AA7 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 983133AA7's bond expected returns. We can calculate the autocorrelation of 983133AA7 returns to help us make a trade decision. For example, suppose you find that 983133AA7 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 |
983133AA7 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 983133AA7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 983133AA7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 983133AA7 bond over time.
Current vs Lagged Prices |
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983133AA7 Lagged Returns
When evaluating 983133AA7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 983133AA7 bond have on its future price. 983133AA7 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, 983133AA7 autocorrelation shows the relationship between 983133AA7 bond current value and its past values and can show if there is a momentum factor associated with investing in WYNN RESORTS FIN.
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 983133AA7 Bond
983133AA7 financial ratios help investors to determine whether 983133AA7 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 983133AA7 with respect to the benefits of owning 983133AA7 security.