Raytheon Technologies (Brazil) Market Value
| RYTT34 Stock | BRL 116.67 2.49 2.18% |
| 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Raytheon Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Raytheon Technologies or generate 0.0% return on investment in Raytheon Technologies over 30 days. Raytheon Technologies is related to or competes with Boeing, Lockheed Martin, and Northrop Grumman. Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, m... 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.07 |
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 | 0.0707 | |||
| Jensen Alpha | 0.15 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0206 | |||
| Treynor Ratio | (0.27) |
Raytheon Technologies Backtested Returns
At this point, Raytheon Technologies is very steady. Raytheon Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.0842, which implies the firm had a 0.0842% 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' Risk Adjusted Performance of 0.0707, coefficient of variation of 1141.17, and Semi Deviation of 1.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Raytheon Technologies has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Raytheon Technologies are expected to decrease at a much lower rate. During the bear market, Raytheon Technologies is likely to outperform the market. Raytheon Technologies right now holds a risk of 1.46%. Please check Raytheon Technologies skewness, rate of daily change, and the relationship between the semi variance and accumulation distribution , to decide if Raytheon Technologies will be following its historical price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Raytheon Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Raytheon Technologies time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 0.15 indicates that less than 15.0% of current Raytheon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 5.64 |
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 |
| Timeline |
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.
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 Raytheon Stock
Raytheon Technologies financial ratios help investors to determine whether Raytheon 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 Raytheon with respect to the benefits of owning Raytheon Technologies security.