CATERPILLAR INC 53 Market Value
| 149123BL4 | 105.11 0.47 0.45% |
| Symbol | CATERPILLAR |
CATERPILLAR '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 CATERPILLAR'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 CATERPILLAR.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in CATERPILLAR on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding CATERPILLAR INC 53 or generate 0.0% return on investment in CATERPILLAR over 720 days. CATERPILLAR is related to or competes with Travelers Companies, GE Aerospace, Walmart, Pfizer, HP, 3M, and Merck. More
CATERPILLAR 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 CATERPILLAR'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 CATERPILLAR INC 53 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8991 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.21 |
CATERPILLAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CATERPILLAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CATERPILLAR's standard deviation. In reality, there are many statistical measures that can use CATERPILLAR historical prices to predict the future CATERPILLAR's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.5135 |
CATERPILLAR INC 53 Backtested Returns
CATERPILLAR INC 53 secures Sharpe Ratio (or Efficiency) of -0.0814, which signifies that the bond had a -0.0814% return per unit of volatility over the last 3 months. CATERPILLAR INC 53 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CATERPILLAR's Coefficient Of Variation of 67001.3, market risk adjusted performance of 0.5235, and Mean Deviation of 0.6279 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.017, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CATERPILLAR are expected to decrease at a much lower rate. During the bear market, CATERPILLAR is likely to outperform the market.
Auto-correlation | -0.32 |
Poor reverse predictability
CATERPILLAR INC 53 has poor reverse predictability. Overlapping area represents the amount of predictability between CATERPILLAR time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 CATERPILLAR INC 53 price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current CATERPILLAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 |
CATERPILLAR INC 53 lagged returns against current returns
Autocorrelation, which is CATERPILLAR 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 CATERPILLAR's bond expected returns. We can calculate the autocorrelation of CATERPILLAR returns to help us make a trade decision. For example, suppose you find that CATERPILLAR 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 |
CATERPILLAR 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 CATERPILLAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CATERPILLAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CATERPILLAR bond over time.
Current vs Lagged Prices |
| Timeline |
CATERPILLAR Lagged Returns
When evaluating CATERPILLAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CATERPILLAR bond have on its future price. CATERPILLAR 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, CATERPILLAR autocorrelation shows the relationship between CATERPILLAR bond current value and its past values and can show if there is a momentum factor associated with investing in CATERPILLAR INC 53.
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 CATERPILLAR Bond
CATERPILLAR financial ratios help investors to determine whether CATERPILLAR 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 CATERPILLAR with respect to the benefits of owning CATERPILLAR security.