BANORT 8 38 Market Value
| P1400MAC2 | 94.81 0.00 0.00% |
| 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.
| 09/29/2023 |
| 11/28/2023 |
If you would invest 0.00 in BANORT on September 29, 2023 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 60 days. BANORT is related to or competes with Kuke Music, Barrick Gold, Youdao, Harmony Gold, Afya, Universal Technical, and Gravitas Education. 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 | (0.08) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.8 |
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 | (0.037115) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of BANORT in the context of predictive analytics.
BANORT 8 38 Backtested Returns
BANORT 8 38 secures Sharpe Ratio (or Efficiency) of -0.0504, which signifies that the bond had -0.0504% of return per unit of risk over the last 3 months. Our approach towards foreseeing the risk of any bond is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. BANORT 8 38 exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm BANORT 8 38 Coefficient Of Variation of (1,984), variance of 0.9615, and Mean Deviation of 0.7221 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.1762, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BANORT returns are expected to increase less than the market. However, during the bear market, the loss on holding BANORT will be expected to be smaller as well. Even though it is essential to pay attention to BANORT 8 38 historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach towards foreseeing any bond's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BANORT 8 38 exposes fifteen different technical indicators, which can help you to evaluate its performance.
Auto-correlation | -0.46 |
Modest reverse predictability
BANORT 8 38 has modest reverse predictability. Overlapping area represents the amount of predictability between BANORT time series from 29th of September 2023 to 29th of October 2023 and 29th of October 2023 to 28th of November 2023. 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 -0.46 indicates that about 46.0% of current BANORT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
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 bond has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock 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 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BANORT without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
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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.| SPAXX | Fidelity Government Money | |
| SPAXX | Fidelity Government Money | |
| VFIDX | Vanguard Intermediate Term Investment Grade |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for BANORT Bond analysis
When running BANORT's price analysis, check to measure BANORT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BANORT is operating at the current time. Most of BANORT's value examination focuses on studying past and present price action to predict the probability of BANORT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BANORT's price. Additionally, you may evaluate how the addition of BANORT to your portfolios can decrease your overall portfolio volatility.
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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.