BANORT 8 38 Market Value
| P1400MAC2 | 93.25 8.10 7.99% |
| Symbol | BANORT |
BANORT '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 BANORT'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 BANORT.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in BANORT on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding BANORT 8 38 or generate 0.0% return on investment in BANORT over 30 days. BANORT is related to or competes with 00108WAF7, 90331HPL1, ASML Holding, Mission Produce, Energy Transfer, GigaCloud Technology, and Enterprise Products. More
BANORT 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 BANORT'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 BANORT 8 38 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.22 |
BANORT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BANORT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BANORT's standard deviation. In reality, there are many statistical measures that can use BANORT historical prices to predict the future BANORT's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BANORT'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.
BANORT 8 38 Backtested Returns
BANORT 8 38 secures Sharpe Ratio (or Efficiency) of -0.0753, which signifies that the bond had a -0.0753% return per unit of risk over the last 3 months. BANORT 8 38 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BANORT's Mean Deviation of 0.7067, variance of 1.52, and Coefficient Of Variation of (1,785) to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BANORT's returns are expected to increase less than the market. However, during the bear market, the loss of holding BANORT is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
BANORT 8 38 has insignificant reverse predictability. Overlapping area represents the amount of predictability between BANORT time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 BANORT 8 38 price movement. The serial correlation of -0.19 indicates that over 19.0% of current BANORT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
BANORT 8 38 lagged returns against current returns
Autocorrelation, which is BANORT 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 BANORT's bond expected returns. We can calculate the autocorrelation of BANORT returns to help us make a trade decision. For example, suppose you find that BANORT 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 |
BANORT 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 BANORT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BANORT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BANORT bond over time.
Current vs Lagged Prices |
| Timeline |
BANORT Lagged Returns
When evaluating BANORT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BANORT bond have on its future price. BANORT 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, BANORT autocorrelation shows the relationship between BANORT bond current value and its past values and can show if there is a momentum factor associated with investing in BANORT 8 38.
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 BANORT 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, BANORT's short interest history, or implied volatility extrapolated from BANORT 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 BANORT Correlation, BANORT Volatility and BANORT Alpha and Beta module to complement your research on BANORT. Note that the BANORT 8 38 information on this page should be used as a complementary analysis to other BANORT'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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
BANORT 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.