GILEAD SCIENCES INC Market Value
| 375558AZ6 | 98.35 1.36 1.36% |
| Symbol | GILEAD |
GILEAD '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 GILEAD'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 GILEAD.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in GILEAD on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding GILEAD SCIENCES INC or generate 0.0% return on investment in GILEAD over 540 days. GILEAD is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
GILEAD 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 GILEAD'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 GILEAD SCIENCES INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5271 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.1 |
GILEAD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GILEAD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GILEAD's standard deviation. In reality, there are many statistical measures that can use GILEAD historical prices to predict the future GILEAD's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.0239 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.48) |
GILEAD SCIENCES INC Backtested Returns
GILEAD SCIENCES INC holds Efficiency (Sharpe) Ratio of -0.0389, which attests that the entity had a -0.0389% return per unit of risk over the last 3 months. GILEAD SCIENCES INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GILEAD's Market Risk Adjusted Performance of (0.47), risk adjusted performance of 0.0387, and Semi Deviation of 0.4245 to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.0401, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GILEAD are expected to decrease at a much lower rate. During the bear market, GILEAD is likely to outperform the market.
Auto-correlation | 0.80 |
Very good predictability
GILEAD SCIENCES INC has very good predictability. Overlapping area represents the amount of predictability between GILEAD time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 GILEAD SCIENCES INC price movement. The serial correlation of 0.8 indicates that around 80.0% of current GILEAD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
GILEAD SCIENCES INC lagged returns against current returns
Autocorrelation, which is GILEAD 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 GILEAD's bond expected returns. We can calculate the autocorrelation of GILEAD returns to help us make a trade decision. For example, suppose you find that GILEAD 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 |
GILEAD 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 GILEAD bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GILEAD bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GILEAD bond over time.
Current vs Lagged Prices |
| Timeline |
GILEAD Lagged Returns
When evaluating GILEAD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GILEAD bond have on its future price. GILEAD 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, GILEAD autocorrelation shows the relationship between GILEAD bond current value and its past values and can show if there is a momentum factor associated with investing in GILEAD SCIENCES 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 GILEAD Bond
GILEAD financial ratios help investors to determine whether GILEAD 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 GILEAD with respect to the benefits of owning GILEAD security.