PUBLIC's market value is the price at which a share of PUBLIC trades on an exchange. It measures the collective expectations of PUBLIC SERVICE PANY investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of PUBLIC SERVICE PANY and determine expected loss or profit from investing in PUBLIC over a given investment horizon. Check out PUBLIC Correlation, PUBLIC Volatility and PUBLIC Alpha and Beta module to complement your research on PUBLIC.
Please note, there is a significant difference between PUBLIC's value and its price as these two are different measures arrived at by different means. Investors typically determine if PUBLIC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PUBLIC'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.
PUBLIC '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 PUBLIC'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 PUBLIC.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PUBLIC'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 PUBLIC SERVICE PANY 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 PUBLIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PUBLIC's standard deviation. In reality, there are many statistical measures that can use PUBLIC historical prices to predict the future PUBLIC's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as PUBLIC. Your research has to be compared to or analyzed against PUBLIC's peers to derive any actionable benefits. When done correctly, PUBLIC'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 PUBLIC SERVICE PANY.
PUBLIC SERVICE PANY Backtested Returns
At this point, PUBLIC is very steady. PUBLIC SERVICE PANY retains Efficiency (Sharpe Ratio) of 0.0282, which implies the entity had a 0.0282 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for PUBLIC, which you can use to evaluate the volatility of the bond. Please check PUBLIC's market risk adjusted performance of 0.0602, and Semi Deviation of 0.545 to confirm if the risk estimate we provide is consistent with the expected return of 0.0147%. The bond owns a Beta (Systematic Risk) of 0.0936, which implies not very significant fluctuations relative to the market. As returns on the market increase, PUBLIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding PUBLIC is expected to be smaller as well.
Auto-correlation
0.34
Below average predictability
PUBLIC SERVICE PANY has below average predictability. Overlapping area represents the amount of predictability between PUBLIC time series from 20th of May 2025 to 4th of July 2025 and 4th of July 2025 to 18th 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 PUBLIC SERVICE PANY price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current PUBLIC price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
0.41
Residual Average
0.0
Price Variance
0.63
PUBLIC SERVICE PANY lagged returns against current returns
Autocorrelation, which is PUBLIC 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 PUBLIC's bond expected returns. We can calculate the autocorrelation of PUBLIC returns to help us make a trade decision. For example, suppose you find that PUBLIC 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
PUBLIC 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 PUBLIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PUBLIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PUBLIC bond over time.
Current vs Lagged Prices
Timeline
PUBLIC Lagged Returns
When evaluating PUBLIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PUBLIC bond have on its future price. PUBLIC 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, PUBLIC autocorrelation shows the relationship between PUBLIC bond current value and its past values and can show if there is a momentum factor associated with investing in PUBLIC SERVICE PANY.
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.
PUBLIC financial ratios help investors to determine whether PUBLIC 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 PUBLIC with respect to the benefits of owning PUBLIC security.