AMAZON INC 405 Market Value
| 023135BJ4 | 85.96 0.41 0.47% |
| Symbol | AMAZON |
AMAZON '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 AMAZON'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 AMAZON.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in AMAZON on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding AMAZON INC 405 or generate 0.0% return on investment in AMAZON over 90 days. AMAZON is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
AMAZON 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 AMAZON'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 AMAZON INC 405 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.63 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.7 |
AMAZON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMAZON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMAZON's standard deviation. In reality, there are many statistical measures that can use AMAZON historical prices to predict the future AMAZON's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.1705 |
AMAZON INC 405 Backtested Returns
At this point, AMAZON is very steady. AMAZON INC 405 retains Efficiency (Sharpe Ratio) of 0.0179, which signifies that the bond had a 0.0179% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for AMAZON, which you can use to evaluate the volatility of the entity. Please confirm AMAZON's market risk adjusted performance of 0.1805, and Variance of 7.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0227%. The bond owns a Beta (Systematic Risk) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AMAZON are expected to decrease at a much lower rate. During the bear market, AMAZON is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
AMAZON INC 405 has good reverse predictability. Overlapping area represents the amount of predictability between AMAZON time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 AMAZON INC 405 price movement. The serial correlation of -0.55 indicates that about 55.0% of current AMAZON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.68 |
AMAZON INC 405 lagged returns against current returns
Autocorrelation, which is AMAZON 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 AMAZON's bond expected returns. We can calculate the autocorrelation of AMAZON returns to help us make a trade decision. For example, suppose you find that AMAZON 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 |
AMAZON 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 AMAZON bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMAZON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMAZON bond over time.
Current vs Lagged Prices |
| Timeline |
AMAZON Lagged Returns
When evaluating AMAZON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMAZON bond have on its future price. AMAZON 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, AMAZON autocorrelation shows the relationship between AMAZON bond current value and its past values and can show if there is a momentum factor associated with investing in AMAZON INC 405.
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 AMAZON Bond
AMAZON financial ratios help investors to determine whether AMAZON 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 AMAZON with respect to the benefits of owning AMAZON security.