APPLIED MATLS INC Market Value
| 038222AL9 | 95.10 2.57 2.63% |
| Symbol | APPLIED |
APPLIED '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 APPLIED'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 APPLIED.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in APPLIED on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding APPLIED MATLS INC or generate 0.0% return on investment in APPLIED over 180 days. APPLIED is related to or competes with Travelers Companies, GE Aerospace, Walmart, Pfizer, HP, 3M, and Merck. More
APPLIED 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 APPLIED'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 APPLIED MATLS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.5055 |
APPLIED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for APPLIED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as APPLIED's standard deviation. In reality, there are many statistical measures that can use APPLIED historical prices to predict the future APPLIED's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.89) |
APPLIED MATLS INC Backtested Returns
APPLIED MATLS INC secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of risk over the last 3 months. APPLIED MATLS INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm APPLIED's mean deviation of 0.3033, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0686, which signifies not very significant fluctuations relative to the market. As returns on the market increase, APPLIED's returns are expected to increase less than the market. However, during the bear market, the loss of holding APPLIED is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
APPLIED MATLS INC has excellent reverse predictability. Overlapping area represents the amount of predictability between APPLIED time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 APPLIED MATLS INC price movement. The serial correlation of -0.83 indicates that around 83.0% of current APPLIED price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
APPLIED MATLS INC lagged returns against current returns
Autocorrelation, which is APPLIED 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 APPLIED's bond expected returns. We can calculate the autocorrelation of APPLIED returns to help us make a trade decision. For example, suppose you find that APPLIED 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 |
APPLIED 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 APPLIED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if APPLIED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in APPLIED bond over time.
Current vs Lagged Prices |
| Timeline |
APPLIED Lagged Returns
When evaluating APPLIED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of APPLIED bond have on its future price. APPLIED 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, APPLIED autocorrelation shows the relationship between APPLIED bond current value and its past values and can show if there is a momentum factor associated with investing in APPLIED MATLS 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 APPLIED Bond
APPLIED financial ratios help investors to determine whether APPLIED 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 APPLIED with respect to the benefits of owning APPLIED security.