CINCINNATI FINL P Market Value
| 172062AF8 | 105.47 1.71 1.60% |
| Symbol | CINCINNATI |
CINCINNATI '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 CINCINNATI'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 CINCINNATI.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in CINCINNATI on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding CINCINNATI FINL P or generate 0.0% return on investment in CINCINNATI over 690 days. CINCINNATI is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
CINCINNATI 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 CINCINNATI'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 CINCINNATI FINL P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.7202 |
CINCINNATI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CINCINNATI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CINCINNATI's standard deviation. In reality, there are many statistical measures that can use CINCINNATI historical prices to predict the future CINCINNATI's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.38) |
CINCINNATI FINL P Backtested Returns
CINCINNATI FINL P secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. CINCINNATI FINL P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CINCINNATI's mean deviation of 0.4923, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CINCINNATI's returns are expected to increase less than the market. However, during the bear market, the loss of holding CINCINNATI is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
CINCINNATI FINL P has poor reverse predictability. Overlapping area represents the amount of predictability between CINCINNATI time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 CINCINNATI FINL P price movement. The serial correlation of -0.38 indicates that just about 38.0% of current CINCINNATI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
CINCINNATI FINL P lagged returns against current returns
Autocorrelation, which is CINCINNATI 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 CINCINNATI's bond expected returns. We can calculate the autocorrelation of CINCINNATI returns to help us make a trade decision. For example, suppose you find that CINCINNATI 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 |
CINCINNATI 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 CINCINNATI bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CINCINNATI bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CINCINNATI bond over time.
Current vs Lagged Prices |
| Timeline |
CINCINNATI Lagged Returns
When evaluating CINCINNATI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CINCINNATI bond have on its future price. CINCINNATI 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, CINCINNATI autocorrelation shows the relationship between CINCINNATI bond current value and its past values and can show if there is a momentum factor associated with investing in CINCINNATI FINL 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 CINCINNATI Bond
CINCINNATI financial ratios help investors to determine whether CINCINNATI 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 CINCINNATI with respect to the benefits of owning CINCINNATI security.