CINTAS P NO Market Value
| 17252MAG5 | 110.29 0.00 0.00% |
| Symbol | CINTAS |
CINTAS '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 CINTAS'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 CINTAS.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CINTAS on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CINTAS P NO or generate 0.0% return on investment in CINTAS over 540 days. CINTAS is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
CINTAS 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 CINTAS'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 CINTAS P NO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.56 |
CINTAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CINTAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CINTAS's standard deviation. In reality, there are many statistical measures that can use CINTAS historical prices to predict the future CINTAS's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.1239 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.14) |
CINTAS P NO Backtested Returns
CINTAS P NO secures Sharpe Ratio (or Efficiency) of -0.0618, which signifies that the bond had a -0.0618% return per unit of risk over the last 3 months. CINTAS P NO exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CINTAS's mean deviation of 1.4, and Risk Adjusted Performance of 0.0362 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CINTAS are expected to decrease at a much lower rate. During the bear market, CINTAS is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
CINTAS P NO has weak predictability. Overlapping area represents the amount of predictability between CINTAS time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 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 CINTAS P NO price movement. The serial correlation of 0.2 indicates that over 20.0% of current CINTAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 7.4 |
CINTAS P NO lagged returns against current returns
Autocorrelation, which is CINTAS 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 CINTAS's bond expected returns. We can calculate the autocorrelation of CINTAS returns to help us make a trade decision. For example, suppose you find that CINTAS 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 |
CINTAS 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 CINTAS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CINTAS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CINTAS bond over time.
Current vs Lagged Prices |
| Timeline |
CINTAS Lagged Returns
When evaluating CINTAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CINTAS bond have on its future price. CINTAS 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, CINTAS autocorrelation shows the relationship between CINTAS bond current value and its past values and can show if there is a momentum factor associated with investing in CINTAS P NO.
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 CINTAS Bond
CINTAS financial ratios help investors to determine whether CINTAS 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 CINTAS with respect to the benefits of owning CINTAS security.