ANALOG DEVICES INC Market Value
| 032654AK1 | 99.15 2.42 2.38% |
| Symbol | ANALOG |
ANALOG '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 ANALOG'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 ANALOG.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ANALOG on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ANALOG DEVICES INC or generate 0.0% return on investment in ANALOG over 30 days. ANALOG is related to or competes with 00108WAF7, 90331HPL1, Nasdaq, Vertiv Holdings, American Express, Intel, and Pfizer. More
ANALOG 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 ANALOG'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 ANALOG DEVICES INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.3 |
ANALOG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANALOG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANALOG's standard deviation. In reality, there are many statistical measures that can use ANALOG historical prices to predict the future ANALOG's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.0596 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.18) |
ANALOG DEVICES INC Backtested Returns
ANALOG DEVICES INC retains Efficiency (Sharpe Ratio) of -0.0705, which signifies that the bond had a -0.0705% return per unit of risk over the last 3 months. ANALOG exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANALOG's coefficient of variation of 3146.8, and Market Risk Adjusted Performance of (0.17) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ANALOG are expected to decrease at a much lower rate. During the bear market, ANALOG is likely to outperform the market.
Auto-correlation | 0.21 |
Weak predictability
ANALOG DEVICES INC has weak predictability. Overlapping area represents the amount of predictability between ANALOG time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 ANALOG DEVICES INC price movement. The serial correlation of 0.21 indicates that over 21.0% of current ANALOG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
ANALOG DEVICES INC lagged returns against current returns
Autocorrelation, which is ANALOG 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 ANALOG's bond expected returns. We can calculate the autocorrelation of ANALOG returns to help us make a trade decision. For example, suppose you find that ANALOG 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 |
ANALOG 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 ANALOG bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANALOG bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANALOG bond over time.
Current vs Lagged Prices |
| Timeline |
ANALOG Lagged Returns
When evaluating ANALOG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANALOG bond have on its future price. ANALOG 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, ANALOG autocorrelation shows the relationship between ANALOG bond current value and its past values and can show if there is a momentum factor associated with investing in ANALOG DEVICES 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 ANALOG Bond
ANALOG financial ratios help investors to determine whether ANALOG 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 ANALOG with respect to the benefits of owning ANALOG security.