Aramark Services 5 Market Value
| 038522AQ1 | 96.08 1.80 1.84% |
| Symbol | Aramark |
Aramark '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 Aramark'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 Aramark.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Aramark on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Aramark Services 5 or generate 0.0% return on investment in Aramark over 30 days. Aramark is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
Aramark 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 Aramark'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 Aramark Services 5 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.8888 |
Aramark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aramark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aramark's standard deviation. In reality, there are many statistical measures that can use Aramark historical prices to predict the future Aramark's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.4587 |
Aramark Services 5 Backtested Returns
Aramark Services 5 secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of standard deviation over the last 3 months. Aramark Services 5 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aramark's risk adjusted performance of (0.05), and Mean Deviation of 0.3312 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0958, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aramark are expected to decrease at a much lower rate. During the bear market, Aramark is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Aramark Services 5 has good predictability. Overlapping area represents the amount of predictability between Aramark time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Aramark Services 5 price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Aramark price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aramark Services 5 lagged returns against current returns
Autocorrelation, which is Aramark 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 Aramark's bond expected returns. We can calculate the autocorrelation of Aramark returns to help us make a trade decision. For example, suppose you find that Aramark 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 |
Aramark 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 Aramark bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aramark bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aramark bond over time.
Current vs Lagged Prices |
| Timeline |
Aramark Lagged Returns
When evaluating Aramark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aramark bond have on its future price. Aramark 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, Aramark autocorrelation shows the relationship between Aramark bond current value and its past values and can show if there is a momentum factor associated with investing in Aramark Services 5.
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 Aramark Bond
Aramark financial ratios help investors to determine whether Aramark 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 Aramark with respect to the benefits of owning Aramark security.