AMERISOURCEBERGEN P 43 Market Value
| 03073EAQ8 | 77.48 3.06 3.80% |
| Symbol | 03073EAQ8 |
03073EAQ8 '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 03073EAQ8'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 03073EAQ8.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in 03073EAQ8 on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding AMERISOURCEBERGEN P 43 or generate 0.0% return on investment in 03073EAQ8 over 30 days. 03073EAQ8 is related to or competes with Victorias Secret, Cimpress, Tapestry, Columbia Sportswear, and Global E. More
03073EAQ8 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 03073EAQ8'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 AMERISOURCEBERGEN P 43 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.15 |
03073EAQ8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 03073EAQ8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 03073EAQ8's standard deviation. In reality, there are many statistical measures that can use 03073EAQ8 historical prices to predict the future 03073EAQ8's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 4.03 |
AMERISOURCEBERGEN P Backtested Returns
At this point, 03073EAQ8 is very steady. AMERISOURCEBERGEN P secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the bond had a close to zero % return per unit of price deviation over the last 3 months. We have found twenty-one technical indicators for AMERISOURCEBERGEN P 43, which you can use to evaluate the volatility of the entity. Please confirm 03073EAQ8's Variance of 3.74, risk adjusted performance of (0.07), and Mean Deviation of 1.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0114%. The bond shows a Beta (market volatility) of -0.0442, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 03073EAQ8 are expected to decrease at a much lower rate. During the bear market, 03073EAQ8 is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
AMERISOURCEBERGEN P 43 has poor predictability. Overlapping area represents the amount of predictability between 03073EAQ8 time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AMERISOURCEBERGEN P price movement. The serial correlation of 0.25 indicates that over 25.0% of current 03073EAQ8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
AMERISOURCEBERGEN P lagged returns against current returns
Autocorrelation, which is 03073EAQ8 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 03073EAQ8's bond expected returns. We can calculate the autocorrelation of 03073EAQ8 returns to help us make a trade decision. For example, suppose you find that 03073EAQ8 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 |
03073EAQ8 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 03073EAQ8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 03073EAQ8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 03073EAQ8 bond over time.
Current vs Lagged Prices |
| Timeline |
03073EAQ8 Lagged Returns
When evaluating 03073EAQ8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 03073EAQ8 bond have on its future price. 03073EAQ8 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, 03073EAQ8 autocorrelation shows the relationship between 03073EAQ8 bond current value and its past values and can show if there is a momentum factor associated with investing in AMERISOURCEBERGEN P 43.
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 03073EAQ8 Bond
03073EAQ8 financial ratios help investors to determine whether 03073EAQ8 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 03073EAQ8 with respect to the benefits of owning 03073EAQ8 security.