CORNING INC 585 Market Value
| 219350BL8 | 100.90 2.73 2.63% |
| Symbol | CORNING |
CORNING '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 CORNING'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 CORNING.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in CORNING on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding CORNING INC 585 or generate 0.0% return on investment in CORNING over 30 days. CORNING is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
CORNING 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 CORNING'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 CORNING INC 585 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.88 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 3.66 |
CORNING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CORNING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CORNING's standard deviation. In reality, there are many statistical measures that can use CORNING historical prices to predict the future CORNING's volatility.| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.20) |
CORNING INC 585 Backtested Returns
CORNING INC 585 secures Sharpe Ratio (or Efficiency) of -0.0483, which signifies that the bond had a -0.0483% return per unit of risk over the last 3 months. CORNING INC 585 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CORNING's risk adjusted performance of 0.0091, and Mean Deviation of 1.71 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.016, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CORNING's returns are expected to increase less than the market. However, during the bear market, the loss of holding CORNING is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
CORNING INC 585 has modest reverse predictability. Overlapping area represents the amount of predictability between CORNING 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 CORNING INC 585 price movement. The serial correlation of -0.46 indicates that about 46.0% of current CORNING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
CORNING INC 585 lagged returns against current returns
Autocorrelation, which is CORNING 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 CORNING's bond expected returns. We can calculate the autocorrelation of CORNING returns to help us make a trade decision. For example, suppose you find that CORNING 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 |
CORNING 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 CORNING bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CORNING bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CORNING bond over time.
Current vs Lagged Prices |
| Timeline |
CORNING Lagged Returns
When evaluating CORNING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CORNING bond have on its future price. CORNING 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, CORNING autocorrelation shows the relationship between CORNING bond current value and its past values and can show if there is a momentum factor associated with investing in CORNING INC 585.
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 CORNING Bond
CORNING financial ratios help investors to determine whether CORNING 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 CORNING with respect to the benefits of owning CORNING security.