AUTODESK INC 35 Market Value
| 052769AE6 | 93.66 3.58 3.68% |
| Symbol | AUTODESK |
AUTODESK '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 AUTODESK'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 AUTODESK.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AUTODESK on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AUTODESK INC 35 or generate 0.0% return on investment in AUTODESK over 30 days. AUTODESK is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
AUTODESK 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 AUTODESK'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 AUTODESK INC 35 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 0.4082 |
AUTODESK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AUTODESK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AUTODESK's standard deviation. In reality, there are many statistical measures that can use AUTODESK historical prices to predict the future AUTODESK's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 5.73 |
AUTODESK INC 35 Backtested Returns
AUTODESK INC 35 secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. AUTODESK INC 35 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AUTODESK's mean deviation of 0.4492, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0127, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AUTODESK are expected to decrease at a much lower rate. During the bear market, AUTODESK is likely to outperform the market.
Auto-correlation | 0.14 |
Insignificant predictability
AUTODESK INC 35 has insignificant predictability. Overlapping area represents the amount of predictability between AUTODESK time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 AUTODESK INC 35 price movement. The serial correlation of 0.14 indicates that less than 14.0% of current AUTODESK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
AUTODESK INC 35 lagged returns against current returns
Autocorrelation, which is AUTODESK 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 AUTODESK's bond expected returns. We can calculate the autocorrelation of AUTODESK returns to help us make a trade decision. For example, suppose you find that AUTODESK 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 |
AUTODESK 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 AUTODESK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AUTODESK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AUTODESK bond over time.
Current vs Lagged Prices |
| Timeline |
AUTODESK Lagged Returns
When evaluating AUTODESK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AUTODESK bond have on its future price. AUTODESK 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, AUTODESK autocorrelation shows the relationship between AUTODESK bond current value and its past values and can show if there is a momentum factor associated with investing in AUTODESK INC 35.
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 AUTODESK Bond
AUTODESK financial ratios help investors to determine whether AUTODESK 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 AUTODESK with respect to the benefits of owning AUTODESK security.