US756109BJ21 Market Value
| 756109BJ2 | 91.47 0.00 0.00% |
| Symbol | 756109BJ2 |
Please note, there is a significant difference between 756109BJ2's value and its price as these two are different measures arrived at by different means. Investors typically determine if 756109BJ2 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 756109BJ2'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.
756109BJ2 '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 756109BJ2'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 756109BJ2.
| 10/15/2023 |
| 10/09/2024 |
If you would invest 0.00 in 756109BJ2 on October 15, 2023 and sell it all today you would earn a total of 0.00 from holding US756109BJ21 or generate 0.0% return on investment in 756109BJ2 over 360 days. 756109BJ2 is related to or competes with Nyxoah, Inuvo, 51Talk Online, Virco Manufacturing, Boston Omaha, and Deluxe. More
756109BJ2 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 756109BJ2'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 US756109BJ21 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.29 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.73 |
756109BJ2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 756109BJ2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 756109BJ2's standard deviation. In reality, there are many statistical measures that can use 756109BJ2 historical prices to predict the future 756109BJ2's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5923 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 756109BJ2's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
US756109BJ21 Backtested Returns
At this point, 756109BJ2 is very steady. US756109BJ21 retains Efficiency (Sharpe Ratio) of 0.0318, which signifies that the bond had a 0.0318% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 756109BJ2, which you can use to evaluate the volatility of the entity. Please confirm 756109BJ2's Risk Adjusted Performance of 0.0265, coefficient of variation of 3909.94, and Semi Deviation of 1.87 to double-check if the risk estimate we provide is consistent with the expected return of 0.0306%. The bond owns a Beta (Systematic Risk) of 0.0616, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 756109BJ2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 756109BJ2 is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
US756109BJ21 has good predictability. Overlapping area represents the amount of predictability between 756109BJ2 time series from 15th of October 2023 to 12th of April 2024 and 12th of April 2024 to 9th of October 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 US756109BJ21 price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current 756109BJ2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 3.56 |
US756109BJ21 lagged returns against current returns
Autocorrelation, which is 756109BJ2 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 756109BJ2's bond expected returns. We can calculate the autocorrelation of 756109BJ2 returns to help us make a trade decision. For example, suppose you find that 756109BJ2 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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756109BJ2 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 756109BJ2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 756109BJ2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 756109BJ2 bond over time.
Current vs Lagged Prices |
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756109BJ2 Lagged Returns
When evaluating 756109BJ2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 756109BJ2 bond have on its future price. 756109BJ2 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, 756109BJ2 autocorrelation shows the relationship between 756109BJ2 bond current value and its past values and can show if there is a momentum factor associated with investing in US756109BJ21.
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 756109BJ2 Bond
756109BJ2 financial ratios help investors to determine whether 756109BJ2 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 756109BJ2 with respect to the benefits of owning 756109BJ2 security.