US103304BV23 Market Value
| 103304BV2 | 86.38 2.50 2.81% |
| Symbol | 103304BV2 |
103304BV2 '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 103304BV2'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 103304BV2.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in 103304BV2 on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding US103304BV23 or generate 0.0% return on investment in 103304BV2 over 720 days. 103304BV2 is related to or competes with MYT Netherlands, Beyond, Grocery Outlet, Arhaus, Pinduoduo, and Barrick Gold. More
103304BV2 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 103304BV2'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 US103304BV23 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 2.42 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 0.4809 |
103304BV2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 103304BV2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 103304BV2's standard deviation. In reality, there are many statistical measures that can use 103304BV2 historical prices to predict the future 103304BV2's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 103304BV2'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.
US103304BV23 Backtested Returns
US103304BV23 retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the bond had a -0.18% return per unit of price deviation over the last 3 months. 103304BV2 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 103304BV2's Variance of 0.303, risk adjusted performance of (0.12), and Coefficient Of Variation of (540.82) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 103304BV2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 103304BV2 is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
US103304BV23 has weak predictability. Overlapping area represents the amount of predictability between 103304BV2 time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th 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 US103304BV23 price movement. The serial correlation of 0.2 indicates that over 20.0% of current 103304BV2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 39.64 |
US103304BV23 lagged returns against current returns
Autocorrelation, which is 103304BV2 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 103304BV2's bond expected returns. We can calculate the autocorrelation of 103304BV2 returns to help us make a trade decision. For example, suppose you find that 103304BV2 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 |
103304BV2 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 103304BV2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 103304BV2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 103304BV2 bond over time.
Current vs Lagged Prices |
| Timeline |
103304BV2 Lagged Returns
When evaluating 103304BV2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 103304BV2 bond have on its future price. 103304BV2 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, 103304BV2 autocorrelation shows the relationship between 103304BV2 bond current value and its past values and can show if there is a momentum factor associated with investing in US103304BV23.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 103304BV2 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 103304BV2's short interest history, or implied volatility extrapolated from 103304BV2 options trading.
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.Check out 103304BV2 Correlation, 103304BV2 Volatility and 103304BV2 Alpha and Beta module to complement your research on 103304BV2. Note that the US103304BV23 information on this page should be used as a complementary analysis to other 103304BV2's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
103304BV2 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.