EXPRESS SCRIPTS HLDG Market Value
| 30219GAM0 | 99.02 0.38 0.38% |
| Symbol | EXPRESS |
EXPRESS '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 EXPRESS'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 EXPRESS.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in EXPRESS on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding EXPRESS SCRIPTS HLDG or generate 0.0% return on investment in EXPRESS over 300 days. EXPRESS is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
EXPRESS 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 EXPRESS'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 EXPRESS SCRIPTS HLDG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.06 |
EXPRESS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EXPRESS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EXPRESS's standard deviation. In reality, there are many statistical measures that can use EXPRESS historical prices to predict the future EXPRESS's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.52) |
EXPRESS SCRIPTS HLDG Backtested Returns
At this point, EXPRESS is very steady. EXPRESS SCRIPTS HLDG secures Sharpe Ratio (or Efficiency) of 0.0107, which denotes the bond had a 0.0107% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for EXPRESS SCRIPTS HLDG, which you can use to evaluate the volatility of the entity. Please confirm EXPRESS's Mean Deviation of 0.5726, coefficient of variation of (3,121), and Standard Deviation of 0.7453 to check if the risk estimate we provide is consistent with the expected return of 0.0067%. The bond shows a Beta (market volatility) of 0.065, which means not very significant fluctuations relative to the market. As returns on the market increase, EXPRESS's returns are expected to increase less than the market. However, during the bear market, the loss of holding EXPRESS is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
EXPRESS SCRIPTS HLDG has modest reverse predictability. Overlapping area represents the amount of predictability between EXPRESS time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 EXPRESS SCRIPTS HLDG price movement. The serial correlation of -0.46 indicates that about 46.0% of current EXPRESS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
EXPRESS SCRIPTS HLDG lagged returns against current returns
Autocorrelation, which is EXPRESS 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 EXPRESS's bond expected returns. We can calculate the autocorrelation of EXPRESS returns to help us make a trade decision. For example, suppose you find that EXPRESS 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 |
EXPRESS 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 EXPRESS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EXPRESS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EXPRESS bond over time.
Current vs Lagged Prices |
| Timeline |
EXPRESS Lagged Returns
When evaluating EXPRESS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EXPRESS bond have on its future price. EXPRESS 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, EXPRESS autocorrelation shows the relationship between EXPRESS bond current value and its past values and can show if there is a momentum factor associated with investing in EXPRESS SCRIPTS HLDG.
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 EXPRESS Bond
EXPRESS financial ratios help investors to determine whether EXPRESS 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 EXPRESS with respect to the benefits of owning EXPRESS security.