ANTHEM INC Market Value
| 036752AM5 | 74.27 7.19 10.72% |
| Symbol | ANTHEM |
ANTHEM '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 ANTHEM'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 ANTHEM.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ANTHEM on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ANTHEM INC or generate 0.0% return on investment in ANTHEM over 30 days. ANTHEM is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
ANTHEM 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 ANTHEM'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 ANTHEM INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 2.06 |
ANTHEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANTHEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANTHEM's standard deviation. In reality, there are many statistical measures that can use ANTHEM historical prices to predict the future ANTHEM's volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.0962 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.40) |
ANTHEM INC Backtested Returns
At this point, ANTHEM is very steady. ANTHEM INC secures Sharpe Ratio (or Efficiency) of 0.0749, which signifies that the bond had a 0.0749% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ANTHEM INC, which you can use to evaluate the volatility of the entity. Please confirm ANTHEM's risk adjusted performance of 0.0437, and Mean Deviation of 1.09 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The bond shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ANTHEM are expected to decrease at a much lower rate. During the bear market, ANTHEM is likely to outperform the market.
Auto-correlation | -0.19 |
Insignificant reverse predictability
ANTHEM INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between ANTHEM 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 ANTHEM INC price movement. The serial correlation of -0.19 indicates that over 19.0% of current ANTHEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 6.29 |
ANTHEM INC lagged returns against current returns
Autocorrelation, which is ANTHEM 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 ANTHEM's bond expected returns. We can calculate the autocorrelation of ANTHEM returns to help us make a trade decision. For example, suppose you find that ANTHEM 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 |
ANTHEM 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 ANTHEM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANTHEM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANTHEM bond over time.
Current vs Lagged Prices |
| Timeline |
ANTHEM Lagged Returns
When evaluating ANTHEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANTHEM bond have on its future price. ANTHEM 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, ANTHEM autocorrelation shows the relationship between ANTHEM bond current value and its past values and can show if there is a momentum factor associated with investing in ANTHEM 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 ANTHEM Bond
ANTHEM financial ratios help investors to determine whether ANTHEM 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 ANTHEM with respect to the benefits of owning ANTHEM security.