465685AP0's market value is the price at which a share of 465685AP0 trades on an exchange. It measures the collective expectations of ITC HLDGS P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of ITC HLDGS P and determine expected loss or profit from investing in 465685AP0 over a given investment horizon. Check out 465685AP0 Correlation, 465685AP0 Volatility and 465685AP0 Alpha and Beta module to complement your research on 465685AP0.
Please note, there is a significant difference between 465685AP0's value and its price as these two are different measures arrived at by different means. Investors typically determine if 465685AP0 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 465685AP0'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.
465685AP0 '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 465685AP0'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 465685AP0.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 465685AP0'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 ITC HLDGS P upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for 465685AP0's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 465685AP0's standard deviation. In reality, there are many statistical measures that can use 465685AP0 historical prices to predict the future 465685AP0's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 465685AP0. Your research has to be compared to or analyzed against 465685AP0's peers to derive any actionable benefits. When done correctly, 465685AP0's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ITC HLDGS P.
ITC HLDGS P Backtested Returns
ITC HLDGS P retains Efficiency (Sharpe Ratio) of -0.0376, which signifies that the bond had a -0.0376 % return per unit of price deviation over the last 3 months. 465685AP0 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 465685AP0's Information Ratio of (0.14), market risk adjusted performance of (0.06), and Coefficient Of Variation of (11,864) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 465685AP0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 465685AP0 is expected to be smaller as well.
Auto-correlation
0.27
Poor predictability
ITC HLDGS P has poor predictability. Overlapping area represents the amount of predictability between 465685AP0 time series from 21st of May 2025 to 5th of July 2025 and 5th of July 2025 to 19th of August 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 ITC HLDGS P price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current 465685AP0 price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
0.13
ITC HLDGS P lagged returns against current returns
Autocorrelation, which is 465685AP0 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 465685AP0's bond expected returns. We can calculate the autocorrelation of 465685AP0 returns to help us make a trade decision. For example, suppose you find that 465685AP0 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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465685AP0 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 465685AP0 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 465685AP0 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 465685AP0 bond over time.
Current vs Lagged Prices
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465685AP0 Lagged Returns
When evaluating 465685AP0's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 465685AP0 bond have on its future price. 465685AP0 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, 465685AP0 autocorrelation shows the relationship between 465685AP0 bond current value and its past values and can show if there is a momentum factor associated with investing in ITC HLDGS P.
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.
465685AP0 financial ratios help investors to determine whether 465685AP0 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 465685AP0 with respect to the benefits of owning 465685AP0 security.