ABBVIE INC 36 Market Value
| 00287YAQ2 | 98.26 1.25 1.26% |
| Symbol | ABBVIE |
ABBVIE '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 ABBVIE'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 ABBVIE.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ABBVIE on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ABBVIE INC 36 or generate 0.0% return on investment in ABBVIE over 30 days. ABBVIE is related to or competes with Meiwu Technology, Arrow Electronics, Nextplat Corp, HNI Corp, Valneva SE, Hudson Pacific, and ServiceNow. More
ABBVIE 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 ABBVIE'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 ABBVIE INC 36 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4456 |
ABBVIE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABBVIE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABBVIE's standard deviation. In reality, there are many statistical measures that can use ABBVIE historical prices to predict the future ABBVIE's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.7116 |
ABBVIE INC 36 Backtested Returns
ABBVIE INC 36 retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. ABBVIE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ABBVIE's variance of 0.1059, and Market Risk Adjusted Performance of 0.7216 to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -0.0353, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ABBVIE are expected to decrease at a much lower rate. During the bear market, ABBVIE is likely to outperform the market.
Auto-correlation | -0.43 |
Modest reverse predictability
ABBVIE INC 36 has modest reverse predictability. Overlapping area represents the amount of predictability between ABBVIE 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 ABBVIE INC 36 price movement. The serial correlation of -0.43 indicates that just about 43.0% of current ABBVIE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
ABBVIE INC 36 lagged returns against current returns
Autocorrelation, which is ABBVIE 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 ABBVIE's bond expected returns. We can calculate the autocorrelation of ABBVIE returns to help us make a trade decision. For example, suppose you find that ABBVIE 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 |
ABBVIE 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 ABBVIE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABBVIE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABBVIE bond over time.
Current vs Lagged Prices |
| Timeline |
ABBVIE Lagged Returns
When evaluating ABBVIE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABBVIE bond have on its future price. ABBVIE 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, ABBVIE autocorrelation shows the relationship between ABBVIE bond current value and its past values and can show if there is a momentum factor associated with investing in ABBVIE INC 36.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in ABBVIE Bond
ABBVIE financial ratios help investors to determine whether ABBVIE Bond 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 ABBVIE with respect to the benefits of owning ABBVIE security.