ANZ 6742 08 DEC 32 Market Value
| Q0954PVM1 | 102.45 0.00 0.00% |
| Symbol | Q0954PVM1 |
Please note, there is a significant difference between Q0954PVM1's value and its price as these two are different measures arrived at by different means. Investors typically determine if Q0954PVM1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Q0954PVM1'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.
Q0954PVM1 '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 Q0954PVM1'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 Q0954PVM1.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Q0954PVM1 on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding ANZ 6742 08 DEC 32 or generate 0.0% return on investment in Q0954PVM1 over 720 days. Q0954PVM1 is related to or competes with ATT, Home Depot, Cisco Systems, Dupont De, GE Aerospace, Johnson Johnson, and Intel. More
Q0954PVM1 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 Q0954PVM1'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 ANZ 6742 08 DEC 32 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.32 |
Q0954PVM1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Q0954PVM1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Q0954PVM1's standard deviation. In reality, there are many statistical measures that can use Q0954PVM1 historical prices to predict the future Q0954PVM1's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.1923 |
ANZ 6742 08 Backtested Returns
ANZ 6742 08 maintains Sharpe Ratio (i.e., Efficiency) of -0.29, which implies the entity had a -0.29% return per unit of risk over the last 3 months. ANZ 6742 08 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Q0954PVM1's Variance of 1.26, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,787) to confirm the risk estimate we provide. The bond holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Q0954PVM1 are expected to decrease at a much lower rate. During the bear market, Q0954PVM1 is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
ANZ 6742 08 DEC 32 has weak reverse predictability. Overlapping area represents the amount of predictability between Q0954PVM1 time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 ANZ 6742 08 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Q0954PVM1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.45 |
ANZ 6742 08 lagged returns against current returns
Autocorrelation, which is Q0954PVM1 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 Q0954PVM1's bond expected returns. We can calculate the autocorrelation of Q0954PVM1 returns to help us make a trade decision. For example, suppose you find that Q0954PVM1 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 |
Q0954PVM1 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 Q0954PVM1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Q0954PVM1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Q0954PVM1 bond over time.
Current vs Lagged Prices |
| Timeline |
Q0954PVM1 Lagged Returns
When evaluating Q0954PVM1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Q0954PVM1 bond have on its future price. Q0954PVM1 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, Q0954PVM1 autocorrelation shows the relationship between Q0954PVM1 bond current value and its past values and can show if there is a momentum factor associated with investing in ANZ 6742 08 DEC 32.
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 Q0954PVM1 Bond
Q0954PVM1 financial ratios help investors to determine whether Q0954PVM1 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 Q0954PVM1 with respect to the benefits of owning Q0954PVM1 security.