Raytheon Technologies (UK) Market Value
| 0R2N Stock | 120.84 0.22 0.18% |
| Symbol | Raytheon |
Raytheon Technologies '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 Raytheon Technologies' stock 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 Raytheon Technologies.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Raytheon Technologies on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Raytheon Technologies Corp or generate 0.0% return on investment in Raytheon Technologies over 30 days. Raytheon Technologies is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, MOL Hungarian, Reliance Industries, and SoftBank Group. Raytheon Technologies is entity of United Kingdom More
Raytheon Technologies 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 Raytheon Technologies' stock 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 Raytheon Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.18 |
Raytheon Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Raytheon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Raytheon Technologies' standard deviation. In reality, there are many statistical measures that can use Raytheon Technologies historical prices to predict the future Raytheon Technologies' volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0818 |
Raytheon Technologies Backtested Returns
Currently, Raytheon Technologies Corp is very steady. Raytheon Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0277, which implies the firm had a 0.0277% return per unit of risk over the last 3 months. We have found thirty technical indicators for Raytheon Technologies, which you can use to evaluate the volatility of the company. Please check Raytheon Technologies' Coefficient Of Variation of 2137.93, risk adjusted performance of 0.0396, and Semi Deviation of 1.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.034%. Raytheon Technologies has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Raytheon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Raytheon Technologies is expected to be smaller as well. Raytheon Technologies right now holds a risk of 1.23%. Please check Raytheon Technologies jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Raytheon Technologies will be following its historical price patterns.
Auto-correlation | 0.75 |
Good predictability
Raytheon Technologies Corp has good predictability. Overlapping area represents the amount of predictability between Raytheon Technologies time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Raytheon Technologies price movement. The serial correlation of 0.75 indicates that around 75.0% of current Raytheon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 4.33 |
Raytheon Technologies lagged returns against current returns
Autocorrelation, which is Raytheon Technologies stock'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 Raytheon Technologies' stock expected returns. We can calculate the autocorrelation of Raytheon Technologies returns to help us make a trade decision. For example, suppose you find that Raytheon Technologies 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 price movement to match the lagging time series.
Current and Lagged Values |
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Raytheon Technologies 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 Raytheon Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Raytheon Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Raytheon Technologies stock over time.
Current vs Lagged Prices |
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Raytheon Technologies Lagged Returns
When evaluating Raytheon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Raytheon Technologies stock have on its future price. Raytheon Technologies 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, Raytheon Technologies autocorrelation shows the relationship between Raytheon Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Raytheon Technologies Corp.
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.Additional Tools for Raytheon Stock Analysis
When running Raytheon Technologies' price analysis, check to measure Raytheon Technologies' 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 Raytheon Technologies is operating at the current time. Most of Raytheon Technologies' value examination focuses on studying past and present price action to predict the probability of Raytheon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raytheon Technologies' price. Additionally, you may evaluate how the addition of Raytheon Technologies to your portfolios can decrease your overall portfolio volatility.