FEDEX P 44 Market Value
| 31428XBN5 | 84.43 0.37 0.44% |
| Symbol | FEDEX |
FEDEX '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 FEDEX'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 FEDEX.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in FEDEX on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding FEDEX P 44 or generate 0.0% return on investment in FEDEX over 180 days. FEDEX is related to or competes with Molson Coors, Ambev SA, Analog Devices, Entegris, Westrock Coffee, Universal, and Vita Coco. More
FEDEX 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 FEDEX'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 FEDEX P 44 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 39.01 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 2.45 |
FEDEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FEDEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FEDEX's standard deviation. In reality, there are many statistical measures that can use FEDEX historical prices to predict the future FEDEX's volatility.| Risk Adjusted Performance | 0.0167 | |||
| Jensen Alpha | 0.0942 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.07) |
FEDEX P 44 Backtested Returns
At this point, FEDEX is very steady. FEDEX P 44 secures Sharpe Ratio (or Efficiency) of 0.002, which denotes the bond had a 0.002% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for FEDEX P 44, which you can use to evaluate the volatility of the entity. Please confirm FEDEX's mean deviation of 1.86, and Downside Deviation of 3.94 to check if the risk estimate we provide is consistent with the expected return of 0.0077%. The bond shows a Beta (market volatility) of -0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning FEDEX are expected to decrease at a much lower rate. During the bear market, FEDEX is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
FEDEX P 44 has good reverse predictability. Overlapping area represents the amount of predictability between FEDEX time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 FEDEX P 44 price movement. The serial correlation of -0.51 indicates that about 51.0% of current FEDEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 10.39 |
FEDEX P 44 lagged returns against current returns
Autocorrelation, which is FEDEX 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 FEDEX's bond expected returns. We can calculate the autocorrelation of FEDEX returns to help us make a trade decision. For example, suppose you find that FEDEX 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 |
FEDEX 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 FEDEX bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FEDEX bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FEDEX bond over time.
Current vs Lagged Prices |
| Timeline |
FEDEX Lagged Returns
When evaluating FEDEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FEDEX bond have on its future price. FEDEX 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, FEDEX autocorrelation shows the relationship between FEDEX bond current value and its past values and can show if there is a momentum factor associated with investing in FEDEX P 44.
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 FEDEX Bond
FEDEX financial ratios help investors to determine whether FEDEX 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 FEDEX with respect to the benefits of owning FEDEX security.