ALTRIA GROUP INC Market Value
| 02209SAU7 | 96.50 0.04 0.04% |
| Symbol | ALTRIA |
ALTRIA '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 ALTRIA'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 ALTRIA.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in ALTRIA on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding ALTRIA GROUP INC or generate 0.0% return on investment in ALTRIA over 300 days. ALTRIA is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
ALTRIA 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 ALTRIA'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 ALTRIA GROUP INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.07 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 1.86 |
ALTRIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ALTRIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ALTRIA's standard deviation. In reality, there are many statistical measures that can use ALTRIA historical prices to predict the future ALTRIA's volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 5.04 |
ALTRIA GROUP INC Backtested Returns
ALTRIA GROUP INC secures Sharpe Ratio (or Efficiency) of -0.0973, which signifies that the bond had a -0.0973% return per unit of risk over the last 3 months. ALTRIA GROUP INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ALTRIA's risk adjusted performance of 0.0083, and Mean Deviation of 1.03 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0013, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ALTRIA are expected to decrease at a much lower rate. During the bear market, ALTRIA is likely to outperform the market.
Auto-correlation | -0.53 |
Good reverse predictability
ALTRIA GROUP INC has good reverse predictability. Overlapping area represents the amount of predictability between ALTRIA time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 ALTRIA GROUP INC price movement. The serial correlation of -0.53 indicates that about 53.0% of current ALTRIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
ALTRIA GROUP INC lagged returns against current returns
Autocorrelation, which is ALTRIA 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 ALTRIA's bond expected returns. We can calculate the autocorrelation of ALTRIA returns to help us make a trade decision. For example, suppose you find that ALTRIA 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 |
ALTRIA 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 ALTRIA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ALTRIA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ALTRIA bond over time.
Current vs Lagged Prices |
| Timeline |
ALTRIA Lagged Returns
When evaluating ALTRIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ALTRIA bond have on its future price. ALTRIA 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, ALTRIA autocorrelation shows the relationship between ALTRIA bond current value and its past values and can show if there is a momentum factor associated with investing in ALTRIA GROUP INC.
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 ALTRIA Bond
ALTRIA financial ratios help investors to determine whether ALTRIA 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 ALTRIA with respect to the benefits of owning ALTRIA security.