CONSTELLATION BRANDS INC Market Value
| 21036PBC1 | 98.12 1.03 1.04% |
| Symbol | CONSTELLATION |
CONSTELLATION '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 CONSTELLATION'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 CONSTELLATION.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in CONSTELLATION on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding CONSTELLATION BRANDS INC or generate 0.0% return on investment in CONSTELLATION over 360 days. CONSTELLATION is related to or competes with Joint Stock, Q2 Holdings, Evolution Gaming, ServiceNow, Nextplat Corp, NetEase, and Rumble. More
CONSTELLATION 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 CONSTELLATION'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 CONSTELLATION BRANDS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.81 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.5221 |
CONSTELLATION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONSTELLATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONSTELLATION's standard deviation. In reality, there are many statistical measures that can use CONSTELLATION historical prices to predict the future CONSTELLATION's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 1.3 |
CONSTELLATION BRANDS INC Backtested Returns
CONSTELLATION BRANDS INC 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. CONSTELLATION BRANDS INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONSTELLATION's risk adjusted performance of (0.05), and Mean Deviation of 0.2945 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0357, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CONSTELLATION are expected to decrease at a much lower rate. During the bear market, CONSTELLATION is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
CONSTELLATION BRANDS INC has weak reverse predictability. Overlapping area represents the amount of predictability between CONSTELLATION time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 CONSTELLATION BRANDS INC price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current CONSTELLATION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
CONSTELLATION BRANDS INC lagged returns against current returns
Autocorrelation, which is CONSTELLATION 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 CONSTELLATION's bond expected returns. We can calculate the autocorrelation of CONSTELLATION returns to help us make a trade decision. For example, suppose you find that CONSTELLATION 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 |
CONSTELLATION 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 CONSTELLATION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONSTELLATION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONSTELLATION bond over time.
Current vs Lagged Prices |
| Timeline |
CONSTELLATION Lagged Returns
When evaluating CONSTELLATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONSTELLATION bond have on its future price. CONSTELLATION 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, CONSTELLATION autocorrelation shows the relationship between CONSTELLATION bond current value and its past values and can show if there is a momentum factor associated with investing in CONSTELLATION BRANDS INC.
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 CONSTELLATION Bond
CONSTELLATION financial ratios help investors to determine whether CONSTELLATION 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 CONSTELLATION with respect to the benefits of owning CONSTELLATION security.