BROADCOM INC Market Value
| 11135FBA8 | 97.75 1.41 1.42% |
| Symbol | BROADCOM |
BROADCOM '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 BROADCOM'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 BROADCOM.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in BROADCOM on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding BROADCOM INC or generate 0.0% return on investment in BROADCOM over 30 days. BROADCOM is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
BROADCOM 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 BROADCOM'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 BROADCOM INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.14 |
BROADCOM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BROADCOM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BROADCOM's standard deviation. In reality, there are many statistical measures that can use BROADCOM historical prices to predict the future BROADCOM's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.53) |
BROADCOM INC Backtested Returns
BROADCOM 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. BROADCOM INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BROADCOM's risk adjusted performance of (0.05), and Mean Deviation of 0.4688 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BROADCOM's returns are expected to increase less than the market. However, during the bear market, the loss of holding BROADCOM is expected to be smaller as well.
Auto-correlation | -0.12 |
Insignificant reverse predictability
BROADCOM INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between BROADCOM 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 BROADCOM INC price movement. The serial correlation of -0.12 indicates that less than 12.0% of current BROADCOM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
BROADCOM INC lagged returns against current returns
Autocorrelation, which is BROADCOM 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 BROADCOM's bond expected returns. We can calculate the autocorrelation of BROADCOM returns to help us make a trade decision. For example, suppose you find that BROADCOM 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 |
BROADCOM 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 BROADCOM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BROADCOM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BROADCOM bond over time.
Current vs Lagged Prices |
| Timeline |
BROADCOM Lagged Returns
When evaluating BROADCOM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BROADCOM bond have on its future price. BROADCOM 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, BROADCOM autocorrelation shows the relationship between BROADCOM bond current value and its past values and can show if there is a momentum factor associated with investing in BROADCOM 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 BROADCOM Bond
BROADCOM financial ratios help investors to determine whether BROADCOM 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 BROADCOM with respect to the benefits of owning BROADCOM security.