Honeywell Cdr Stock Market Value
| HON Stock | 27.50 0.44 1.63% |
| Symbol | HONEYWELL |
HONEYWELL CDR '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 HONEYWELL CDR's 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 HONEYWELL CDR.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in HONEYWELL CDR on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding HONEYWELL CDR or generate 0.0% return on investment in HONEYWELL CDR over 30 days. HONEYWELL CDR is related to or competes with Baylin Technologies, Supremex, IShares Canadian, PHN Multi, Global X, Altagas Cum, and EcoSynthetix. HONEYWELL CDR is entity of Canada. It is traded as Stock on NEO exchange. More
HONEYWELL CDR 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 HONEYWELL CDR's 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 HONEYWELL CDR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0542 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 2.65 |
HONEYWELL CDR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HONEYWELL CDR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HONEYWELL CDR's standard deviation. In reality, there are many statistical measures that can use HONEYWELL CDR historical prices to predict the future HONEYWELL CDR's volatility.| Risk Adjusted Performance | 0.1178 | |||
| Jensen Alpha | 0.1015 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0612 | |||
| Treynor Ratio | 0.2513 |
HONEYWELL CDR Backtested Returns
HONEYWELL CDR appears to be very steady, given 3 months investment horizon. HONEYWELL CDR holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for HONEYWELL CDR, which you can use to evaluate the volatility of the firm. Please utilize HONEYWELL CDR's risk adjusted performance of 0.1178, and Market Risk Adjusted Performance of 0.2613 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HONEYWELL CDR holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HONEYWELL CDR's returns are expected to increase less than the market. However, during the bear market, the loss of holding HONEYWELL CDR is expected to be smaller as well. Please check HONEYWELL CDR's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether HONEYWELL CDR's current trending patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
HONEYWELL CDR has modest predictability. Overlapping area represents the amount of predictability between HONEYWELL CDR time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 HONEYWELL CDR price movement. The serial correlation of 0.54 indicates that about 54.0% of current HONEYWELL CDR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
HONEYWELL CDR lagged returns against current returns
Autocorrelation, which is HONEYWELL CDR 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 HONEYWELL CDR's stock expected returns. We can calculate the autocorrelation of HONEYWELL CDR returns to help us make a trade decision. For example, suppose you find that HONEYWELL CDR 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 |
| Timeline |
HONEYWELL CDR 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 HONEYWELL CDR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HONEYWELL CDR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HONEYWELL CDR stock over time.
Current vs Lagged Prices |
| Timeline |
HONEYWELL CDR Lagged Returns
When evaluating HONEYWELL CDR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HONEYWELL CDR stock have on its future price. HONEYWELL CDR 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, HONEYWELL CDR autocorrelation shows the relationship between HONEYWELL CDR stock current value and its past values and can show if there is a momentum factor associated with investing in HONEYWELL CDR.
Regressed Prices |
| Timeline |
Pair Trading with HONEYWELL CDR
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HONEYWELL CDR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HONEYWELL CDR will appreciate offsetting losses from the drop in the long position's value.Moving against HONEYWELL Stock
The ability to find closely correlated positions to HONEYWELL CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HONEYWELL CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HONEYWELL CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HONEYWELL CDR to buy it.
The correlation of HONEYWELL CDR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HONEYWELL CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HONEYWELL CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HONEYWELL CDR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in HONEYWELL Stock
HONEYWELL CDR financial ratios help investors to determine whether HONEYWELL Stock 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 HONEYWELL with respect to the benefits of owning HONEYWELL CDR security.