SLGN 14 01 APR 26 Market Value
| 827048AX7 | 87.57 7.15 7.55% |
| Symbol | 827048AX7 |
Please note, there is a significant difference between 827048AX7's value and its price as these two are different measures arrived at by different means. Investors typically determine if 827048AX7 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 827048AX7'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.
827048AX7 '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 827048AX7'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 827048AX7.
| 09/11/2024 |
| 10/11/2024 |
If you would invest 0.00 in 827048AX7 on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding SLGN 14 01 APR 26 or generate 0.0% return on investment in 827048AX7 over 30 days. 827048AX7 is related to or competes with Apogee Therapeutics,, Molson Coors, Lipocine, Catalyst Pharmaceuticals, Abcellera Biologics, Tarsus Pharmaceuticals, and Ambev SA. More
827048AX7 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 827048AX7'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 SLGN 14 01 APR 26 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.24 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.4266 |
827048AX7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 827048AX7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 827048AX7's standard deviation. In reality, there are many statistical measures that can use 827048AX7 historical prices to predict the future 827048AX7's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.5055 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 827048AX7'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.
SLGN 14 01 Backtested Returns
At this point, 827048AX7 is very steady. SLGN 14 01 secures Sharpe Ratio (or Efficiency) of 0.55, which signifies that the bond had a 0.55% return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for SLGN 14 01 APR 26, which you can use to evaluate the volatility of the entity. Please confirm 827048AX7's Coefficient Of Variation of (3,004), risk adjusted performance of (0.02), and Variance of 2.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.0682%. The bond shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 827048AX7 are expected to decrease at a much lower rate. During the bear market, 827048AX7 is likely to outperform the market.
Auto-correlation | -0.97 |
Near perfect reversele predictability
SLGN 14 01 APR 26 has near perfect reversele predictability. Overlapping area represents the amount of predictability between 827048AX7 time series from 11th of September 2024 to 26th of September 2024 and 26th of September 2024 to 11th 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 SLGN 14 01 price movement. The serial correlation of -0.97 indicates that 97.0% of current 827048AX7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.97 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 17.77 |
SLGN 14 01 lagged returns against current returns
Autocorrelation, which is 827048AX7 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 827048AX7's bond expected returns. We can calculate the autocorrelation of 827048AX7 returns to help us make a trade decision. For example, suppose you find that 827048AX7 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 |
827048AX7 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 827048AX7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 827048AX7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 827048AX7 bond over time.
Current vs Lagged Prices |
| Timeline |
827048AX7 Lagged Returns
When evaluating 827048AX7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 827048AX7 bond have on its future price. 827048AX7 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, 827048AX7 autocorrelation shows the relationship between 827048AX7 bond current value and its past values and can show if there is a momentum factor associated with investing in SLGN 14 01 APR 26.
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.Other Information on Investing in 827048AX7 Bond
827048AX7 financial ratios help investors to determine whether 827048AX7 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 827048AX7 with respect to the benefits of owning 827048AX7 security.