RXO 75 15 NOV 27 Market Value
| 98379JAA3 | 103.46 0.29 0.28% |
| Symbol | 98379JAA3 |
Please note, there is a significant difference between 98379JAA3's value and its price as these two are different measures arrived at by different means. Investors typically determine if 98379JAA3 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 98379JAA3'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.
98379JAA3 '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 98379JAA3'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 98379JAA3.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in 98379JAA3 on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding RXO 75 15 NOV 27 or generate 0.0% return on investment in 98379JAA3 over 90 days. 98379JAA3 is related to or competes with 00108WAF7, 90331HPL1, Alphabet, InMode, BigBearai Holdings, IQIYI, and SoundHound. More
98379JAA3 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 98379JAA3'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 RXO 75 15 NOV 27 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6056 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.49 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.8519 |
98379JAA3 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 98379JAA3's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 98379JAA3's standard deviation. In reality, there are many statistical measures that can use 98379JAA3 historical prices to predict the future 98379JAA3's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | 6.0E-4 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0953 |
RXO 75 15 Backtested Returns
RXO 75 15 secures Sharpe Ratio (or Efficiency) of -0.021, which signifies that the bond had a -0.021% return per unit of risk over the last 3 months. RXO 75 15 NOV 27 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 98379JAA3's Market Risk Adjusted Performance of 0.1053, coefficient of variation of 8311.58, and Mean Deviation of 0.3221 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0325, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 98379JAA3 are expected to decrease at a much lower rate. During the bear market, 98379JAA3 is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
RXO 75 15 NOV 27 has insignificant reverse predictability. Overlapping area represents the amount of predictability between 98379JAA3 time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 RXO 75 15 price movement. The serial correlation of -0.12 indicates that less than 12.0% of current 98379JAA3 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
RXO 75 15 lagged returns against current returns
Autocorrelation, which is 98379JAA3 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 98379JAA3's bond expected returns. We can calculate the autocorrelation of 98379JAA3 returns to help us make a trade decision. For example, suppose you find that 98379JAA3 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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98379JAA3 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 98379JAA3 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 98379JAA3 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 98379JAA3 bond over time.
Current vs Lagged Prices |
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98379JAA3 Lagged Returns
When evaluating 98379JAA3's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 98379JAA3 bond have on its future price. 98379JAA3 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, 98379JAA3 autocorrelation shows the relationship between 98379JAA3 bond current value and its past values and can show if there is a momentum factor associated with investing in RXO 75 15 NOV 27.
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 98379JAA3 Bond
98379JAA3 financial ratios help investors to determine whether 98379JAA3 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 98379JAA3 with respect to the benefits of owning 98379JAA3 security.