BRISTOL MYERS SQUIBB CO Market Value
| 110122DJ4 | 104.14 8.17 8.51% |
| Symbol | BRISTOL |
BRISTOL '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 BRISTOL'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 BRISTOL.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in BRISTOL on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding BRISTOL MYERS SQUIBB CO or generate 0.0% return on investment in BRISTOL over 30 days. BRISTOL is related to or competes with Pure Cycle, Atmos Energy, Stepan, Antero Midstream, Air Products, NiSource, and Braskem SA. More
BRISTOL 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 BRISTOL'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 BRISTOL MYERS SQUIBB CO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0079 | |||
| Maximum Drawdown | 41.89 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.79 |
BRISTOL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BRISTOL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRISTOL's standard deviation. In reality, there are many statistical measures that can use BRISTOL historical prices to predict the future BRISTOL's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.1404 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.009 | |||
| Treynor Ratio | 2.17 |
BRISTOL MYERS SQUIBB Backtested Returns
At this point, BRISTOL is very steady. BRISTOL MYERS SQUIBB secures Sharpe Ratio (or Efficiency) of 0.0687, which signifies that the bond had a 0.0687% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for BRISTOL MYERS SQUIBB CO, which you can use to evaluate the volatility of the entity. Please confirm BRISTOL's Risk Adjusted Performance of 0.0372, semi deviation of 3.38, and Mean Deviation of 1.78 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The bond shows a Beta (market volatility) of 0.0684, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BRISTOL's returns are expected to increase less than the market. However, during the bear market, the loss of holding BRISTOL is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
BRISTOL MYERS SQUIBB CO has poor reverse predictability. Overlapping area represents the amount of predictability between BRISTOL 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 BRISTOL MYERS SQUIBB price movement. The serial correlation of -0.4 indicates that just about 40.0% of current BRISTOL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 7.72 |
BRISTOL MYERS SQUIBB lagged returns against current returns
Autocorrelation, which is BRISTOL 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 BRISTOL's bond expected returns. We can calculate the autocorrelation of BRISTOL returns to help us make a trade decision. For example, suppose you find that BRISTOL 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 |
BRISTOL 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 BRISTOL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRISTOL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRISTOL bond over time.
Current vs Lagged Prices |
| Timeline |
BRISTOL Lagged Returns
When evaluating BRISTOL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRISTOL bond have on its future price. BRISTOL 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, BRISTOL autocorrelation shows the relationship between BRISTOL bond current value and its past values and can show if there is a momentum factor associated with investing in BRISTOL MYERS SQUIBB CO.
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 BRISTOL Bond
BRISTOL financial ratios help investors to determine whether BRISTOL 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 BRISTOL with respect to the benefits of owning BRISTOL security.