CARPENTER TECHNOLOGY P Market Value
| 144285AL7 | 99.80 0.61 0.61% |
| Symbol | CARPENTER |
CARPENTER '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 CARPENTER'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 CARPENTER.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in CARPENTER on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding CARPENTER TECHNOLOGY P or generate 0.0% return on investment in CARPENTER over 360 days. CARPENTER is related to or competes with Amgen, Tarsus Pharmaceuticals, Ardelyx, Genfit, Joint Corp, Inhibrx, and Microbot Medical. More
CARPENTER 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 CARPENTER'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 CARPENTER TECHNOLOGY P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.9638 |
CARPENTER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CARPENTER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARPENTER's standard deviation. In reality, there are many statistical measures that can use CARPENTER historical prices to predict the future CARPENTER's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.10) |
CARPENTER TECHNOLOGY Backtested Returns
CARPENTER TECHNOLOGY secures Sharpe Ratio (or Efficiency) of -0.0263, which signifies that the bond had a -0.0263% return per unit of risk over the last 3 months. CARPENTER TECHNOLOGY P exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CARPENTER's Coefficient Of Variation of (4,276), mean deviation of 0.3649, and Variance of 0.2634 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CARPENTER's returns are expected to increase less than the market. However, during the bear market, the loss of holding CARPENTER is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
CARPENTER TECHNOLOGY P has insignificant predictability. Overlapping area represents the amount of predictability between CARPENTER time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 CARPENTER TECHNOLOGY price movement. The serial correlation of 0.13 indicates that less than 13.0% of current CARPENTER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
CARPENTER TECHNOLOGY lagged returns against current returns
Autocorrelation, which is CARPENTER 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 CARPENTER's bond expected returns. We can calculate the autocorrelation of CARPENTER returns to help us make a trade decision. For example, suppose you find that CARPENTER 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 |
CARPENTER 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 CARPENTER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARPENTER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARPENTER bond over time.
Current vs Lagged Prices |
| Timeline |
CARPENTER Lagged Returns
When evaluating CARPENTER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARPENTER bond have on its future price. CARPENTER 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, CARPENTER autocorrelation shows the relationship between CARPENTER bond current value and its past values and can show if there is a momentum factor associated with investing in CARPENTER TECHNOLOGY P.
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 CARPENTER Bond
CARPENTER financial ratios help investors to determine whether CARPENTER 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 CARPENTER with respect to the benefits of owning CARPENTER security.