AEP TEX INC Market Value

00108WAF7   82.21  11.94  16.99%   
00108WAF7's market value is the price at which a share of 00108WAF7 trades on an exchange. It measures the collective expectations of AEP TEX INC investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of AEP TEX INC and determine expected loss or profit from investing in 00108WAF7 over a given investment horizon.
Check out 00108WAF7 Correlation, 00108WAF7 Volatility and 00108WAF7 Alpha and Beta module to complement your research on 00108WAF7.
Symbol

Please note, there is a significant difference between 00108WAF7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 00108WAF7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 00108WAF7'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.

00108WAF7 '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 00108WAF7'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 00108WAF7.
0.00
10/22/2023
No Change 0.00  0.0 
In 5 months and 30 days
04/19/2024
0.00
If you would invest  0.00  in 00108WAF7 on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding AEP TEX INC or generate 0.0% return on investment in 00108WAF7 over 180 days. 00108WAF7 is related to or competes with 90331HPL1, Murphy USA, Celsius Holdings, Targa Resources, Comfort Systems, MPLX LP, and Alphabet. More

00108WAF7 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 00108WAF7'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 AEP TEX INC upside and downside potential and time the market with a certain degree of confidence.

00108WAF7 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for 00108WAF7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 00108WAF7's standard deviation. In reality, there are many statistical measures that can use 00108WAF7 historical prices to predict the future 00108WAF7's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 00108WAF7'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.
Hype
Prediction
LowEstimatedHigh
79.4582.2184.97
Details
Intrinsic
Valuation
LowRealHigh
73.9993.4996.25
Details
Naive
Forecast
LowNextHigh
80.3583.1185.88
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
69.7377.0784.40
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as 00108WAF7. Your research has to be compared to or analyzed against 00108WAF7's peers to derive any actionable benefits. When done correctly, 00108WAF7'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 AEP TEX INC.

AEP TEX INC Backtested Returns

00108WAF7 appears to be very steady, given 3 months investment horizon. AEP TEX INC secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the bond had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for AEP TEX INC, which you can use to evaluate the volatility of the entity. Please makes use of 00108WAF7's Coefficient Of Variation of 1312.84, risk adjusted performance of 0.0535, and Mean Deviation of 1.03 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 00108WAF7 are expected to decrease at a much lower rate. During the bear market, 00108WAF7 is likely to outperform the market.

Auto-correlation

    
  0.07  

Virtually no predictability

AEP TEX INC has virtually no predictability. Overlapping area represents the amount of predictability between 00108WAF7 time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th of April 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 AEP TEX INC price movement. The serial correlation of 0.07 indicates that barely 7.0% of current 00108WAF7 price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test0.36
Residual Average0.0
Price Variance0.54

AEP TEX INC lagged returns against current returns

Autocorrelation, which is 00108WAF7 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 00108WAF7's bond expected returns. We can calculate the autocorrelation of 00108WAF7 returns to help us make a trade decision. For example, suppose you find that 00108WAF7 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  

00108WAF7 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 00108WAF7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 00108WAF7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 00108WAF7 bond over time.
   Current vs Lagged Prices   
       Timeline  

00108WAF7 Lagged Returns

When evaluating 00108WAF7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 00108WAF7 bond have on its future price. 00108WAF7 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, 00108WAF7 autocorrelation shows the relationship between 00108WAF7 bond current value and its past values and can show if there is a momentum factor associated with investing in AEP TEX INC.
   Regressed Prices   
       Timeline  

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Check out 00108WAF7 Correlation, 00108WAF7 Volatility and 00108WAF7 Alpha and Beta module to complement your research on 00108WAF7.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
00108WAF7 technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.
A focus of 00108WAF7 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 00108WAF7 trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...