CARRIER GLOBAL P Market Value
| 14448CAP9 | 90.54 5.12 5.35% |
| Symbol | CARRIER |
CARRIER '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 CARRIER'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 CARRIER.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in CARRIER on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding CARRIER GLOBAL P or generate 0.0% return on investment in CARRIER over 360 days. CARRIER is related to or competes with Equinix, Artisan Partners, Morgan Stanley, Balchem, Nomura Holdings, and Avient Corp. More
CARRIER 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 CARRIER'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 CARRIER GLOBAL P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.2413 |
CARRIER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CARRIER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CARRIER's standard deviation. In reality, there are many statistical measures that can use CARRIER historical prices to predict the future CARRIER's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | 2.12 |
CARRIER GLOBAL P Backtested Returns
CARRIER GLOBAL P 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. CARRIER GLOBAL P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CARRIER's Coefficient Of Variation of (788.21), mean deviation of 0.2917, and Variance of 0.4928 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0468, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CARRIER are expected to decrease at a much lower rate. During the bear market, CARRIER is likely to outperform the market.
Auto-correlation | -0.4 |
Poor reverse predictability
CARRIER GLOBAL P has poor reverse predictability. Overlapping area represents the amount of predictability between CARRIER time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 CARRIER GLOBAL P price movement. The serial correlation of -0.4 indicates that just about 40.0% of current CARRIER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
CARRIER GLOBAL P lagged returns against current returns
Autocorrelation, which is CARRIER 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 CARRIER's bond expected returns. We can calculate the autocorrelation of CARRIER returns to help us make a trade decision. For example, suppose you find that CARRIER 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 |
CARRIER 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 CARRIER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CARRIER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CARRIER bond over time.
Current vs Lagged Prices |
| Timeline |
CARRIER Lagged Returns
When evaluating CARRIER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CARRIER bond have on its future price. CARRIER 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, CARRIER autocorrelation shows the relationship between CARRIER bond current value and its past values and can show if there is a momentum factor associated with investing in CARRIER GLOBAL 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 CARRIER Bond
CARRIER financial ratios help investors to determine whether CARRIER 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 CARRIER with respect to the benefits of owning CARRIER security.