Charles River Laboratories Market Value
| 159864AE7 | 94.63 1.40 1.46% |
| Symbol | Charles |
Charles '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 Charles' 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 Charles.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Charles on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Charles River Laboratories or generate 0.0% return on investment in Charles over 30 days. Charles is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
Charles 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 Charles' 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 Charles River Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 2.02 |
Charles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charles' standard deviation. In reality, there are many statistical measures that can use Charles historical prices to predict the future Charles' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.69) |
Charles River Labora Backtested Returns
Charles River Labora secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the bond had a -0.13% return per unit of standard deviation over the last 3 months. Charles River Laboratories exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charles' risk adjusted performance of (0.02), and Mean Deviation of 0.4891 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0519, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Charles' returns are expected to increase less than the market. However, during the bear market, the loss of holding Charles is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Charles River Laboratories has virtually no predictability. Overlapping area represents the amount of predictability between Charles time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Charles River Labora price movement. The serial correlation of 0.02 indicates that only 2.0% of current Charles price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Charles River Labora lagged returns against current returns
Autocorrelation, which is Charles 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 Charles' bond expected returns. We can calculate the autocorrelation of Charles returns to help us make a trade decision. For example, suppose you find that Charles 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 |
Charles 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 Charles bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charles bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charles bond over time.
Current vs Lagged Prices |
| Timeline |
Charles Lagged Returns
When evaluating Charles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charles bond have on its future price. Charles 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, Charles autocorrelation shows the relationship between Charles bond current value and its past values and can show if there is a momentum factor associated with investing in Charles River Laboratories.
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 Charles Bond
Charles financial ratios help investors to determine whether Charles 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 Charles with respect to the benefits of owning Charles security.