AMAZONCOM INC Market Value
| 023135BZ8 | 80.78 5.39 6.26% |
| Symbol | AMAZONCOM |
AMAZONCOM '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 AMAZONCOM'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 AMAZONCOM.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in AMAZONCOM on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding AMAZONCOM INC or generate 0.0% return on investment in AMAZONCOM over 30 days. AMAZONCOM is related to or competes with Ecolab, Tandem Diabetes, LENSAR, Air Products, Alvotech, Sensient Technologies, and Avadel Pharmaceuticals. More
AMAZONCOM 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 AMAZONCOM'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 AMAZONCOM INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.71 |
AMAZONCOM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AMAZONCOM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMAZONCOM's standard deviation. In reality, there are many statistical measures that can use AMAZONCOM historical prices to predict the future AMAZONCOM's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.86) |
AMAZONCOM INC Backtested Returns
AMAZONCOM INC retains Efficiency (Sharpe Ratio) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. AMAZONCOM exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMAZONCOM's market risk adjusted performance of (0.85), and Variance of 2.77 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMAZONCOM's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMAZONCOM is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
AMAZONCOM INC has modest predictability. Overlapping area represents the amount of predictability between AMAZONCOM 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 AMAZONCOM INC price movement. The serial correlation of 0.51 indicates that about 51.0% of current AMAZONCOM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
AMAZONCOM INC lagged returns against current returns
Autocorrelation, which is AMAZONCOM 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 AMAZONCOM's bond expected returns. We can calculate the autocorrelation of AMAZONCOM returns to help us make a trade decision. For example, suppose you find that AMAZONCOM 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 |
AMAZONCOM 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 AMAZONCOM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMAZONCOM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMAZONCOM bond over time.
Current vs Lagged Prices |
| Timeline |
AMAZONCOM Lagged Returns
When evaluating AMAZONCOM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMAZONCOM bond have on its future price. AMAZONCOM 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, AMAZONCOM autocorrelation shows the relationship between AMAZONCOM bond current value and its past values and can show if there is a momentum factor associated with investing in AMAZONCOM 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 AMAZONCOM Bond
AMAZONCOM financial ratios help investors to determine whether AMAZONCOM 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 AMAZONCOM with respect to the benefits of owning AMAZONCOM security.