ALBERTSONS INC 75 Market Value
| 013092AA9 | 102.02 0.73 0.72% |
| Symbol | ALBERTSONS |
ALBERTSONS '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 ALBERTSONS'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 ALBERTSONS.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in ALBERTSONS on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding ALBERTSONS INC 75 or generate 0.0% return on investment in ALBERTSONS over 360 days. ALBERTSONS is related to or competes with Travelers Companies, GE Aerospace, Walmart, Pfizer, HP, 3M, and Merck. More
ALBERTSONS 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 ALBERTSONS'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 ALBERTSONS INC 75 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4278 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.7663 |
ALBERTSONS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALBERTSONS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALBERTSONS's standard deviation. In reality, there are many statistical measures that can use ALBERTSONS historical prices to predict the future ALBERTSONS's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.01) |
ALBERTSONS INC 75 Backtested Returns
At this point, ALBERTSONS is very steady. ALBERTSONS INC 75 retains Efficiency (Sharpe Ratio) of 0.0899, which signifies that the bond had a 0.0899% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ALBERTSONS, which you can use to evaluate the volatility of the entity. Please confirm ALBERTSONS's coefficient of variation of 4906.47, and Market Risk Adjusted Performance of (0) to double-check if the risk estimate we provide is consistent with the expected return of 0.0266%. The bond owns a Beta (Systematic Risk) of -0.0767, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALBERTSONS are expected to decrease at a much lower rate. During the bear market, ALBERTSONS is likely to outperform the market.
Auto-correlation | 0.14 |
Insignificant predictability
ALBERTSONS INC 75 has insignificant predictability. Overlapping area represents the amount of predictability between ALBERTSONS time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 ALBERTSONS INC 75 price movement. The serial correlation of 0.14 indicates that less than 14.0% of current ALBERTSONS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
ALBERTSONS INC 75 lagged returns against current returns
Autocorrelation, which is ALBERTSONS 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 ALBERTSONS's bond expected returns. We can calculate the autocorrelation of ALBERTSONS returns to help us make a trade decision. For example, suppose you find that ALBERTSONS 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 |
ALBERTSONS 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 ALBERTSONS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALBERTSONS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALBERTSONS bond over time.
Current vs Lagged Prices |
| Timeline |
ALBERTSONS Lagged Returns
When evaluating ALBERTSONS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALBERTSONS bond have on its future price. ALBERTSONS 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, ALBERTSONS autocorrelation shows the relationship between ALBERTSONS bond current value and its past values and can show if there is a momentum factor associated with investing in ALBERTSONS INC 75.
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 ALBERTSONS Bond
ALBERTSONS financial ratios help investors to determine whether ALBERTSONS 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 ALBERTSONS with respect to the benefits of owning ALBERTSONS security.