EQUIFAX INC 69 Market Value
| 294429AC9 | 105.82 0.00 0.00% |
| Symbol | EQUIFAX |
EQUIFAX '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 EQUIFAX'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 EQUIFAX.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in EQUIFAX on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding EQUIFAX INC 69 or generate 0.0% return on investment in EQUIFAX over 90 days. EQUIFAX is related to or competes with Delta Air, Boston Beer, Copa Holdings, Fomento Economico, American Airlines, Aegean Airlines, and SkyWest. More
EQUIFAX 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 EQUIFAX'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 EQUIFAX INC 69 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8621 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.4 |
EQUIFAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EQUIFAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EQUIFAX's standard deviation. In reality, there are many statistical measures that can use EQUIFAX historical prices to predict the future EQUIFAX's volatility.| Risk Adjusted Performance | 0.018 | |||
| Jensen Alpha | 0.0098 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (1.83) |
EQUIFAX INC 69 Backtested Returns
EQUIFAX INC 69 secures Sharpe Ratio (or Efficiency) of -0.0852, which denotes the bond had a -0.0852% return per unit of volatility over the last 3 months. EQUIFAX INC 69 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EQUIFAX's Mean Deviation of 0.6377, market risk adjusted performance of (1.82), and Downside Deviation of 0.8621 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.005, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EQUIFAX are expected to decrease at a much lower rate. During the bear market, EQUIFAX is likely to outperform the market.
Auto-correlation | -0.42 |
Modest reverse predictability
EQUIFAX INC 69 has modest reverse predictability. Overlapping area represents the amount of predictability between EQUIFAX time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 EQUIFAX INC 69 price movement. The serial correlation of -0.42 indicates that just about 42.0% of current EQUIFAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
EQUIFAX INC 69 lagged returns against current returns
Autocorrelation, which is EQUIFAX 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 EQUIFAX's bond expected returns. We can calculate the autocorrelation of EQUIFAX returns to help us make a trade decision. For example, suppose you find that EQUIFAX 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 |
EQUIFAX 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 EQUIFAX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EQUIFAX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EQUIFAX bond over time.
Current vs Lagged Prices |
| Timeline |
EQUIFAX Lagged Returns
When evaluating EQUIFAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EQUIFAX bond have on its future price. EQUIFAX 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, EQUIFAX autocorrelation shows the relationship between EQUIFAX bond current value and its past values and can show if there is a momentum factor associated with investing in EQUIFAX INC 69.
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 EQUIFAX Bond
EQUIFAX financial ratios help investors to determine whether EQUIFAX 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 EQUIFAX with respect to the benefits of owning EQUIFAX security.