GOODYEAR TIRE RUBR Market Value
| 382550AD3 | 102.50 1.32 1.30% |
| Symbol | GOODYEAR |
GOODYEAR '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 GOODYEAR'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 GOODYEAR.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GOODYEAR on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding GOODYEAR TIRE RUBR or generate 0.0% return on investment in GOODYEAR over 30 days. GOODYEAR is related to or competes with SNDL, Keurig Dr, Compania Cervecerias, Ambev SA, Anheuser Busch, Fevertree Drinks, and Coca Cola. More
GOODYEAR 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 GOODYEAR'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 GOODYEAR TIRE RUBR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.16 |
GOODYEAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOODYEAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOODYEAR's standard deviation. In reality, there are many statistical measures that can use GOODYEAR historical prices to predict the future GOODYEAR's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.03) |
GOODYEAR TIRE RUBR Backtested Returns
At this point, GOODYEAR is very steady. GOODYEAR TIRE RUBR holds Efficiency (Sharpe) Ratio of 0.0011, which attests that the entity had a 0.0011% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for GOODYEAR TIRE RUBR, which you can use to evaluate the volatility of the entity. Please check out GOODYEAR's market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.0032 to validate if the risk estimate we provide is consistent with the expected return of 0.0015%. The bond retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GOODYEAR's returns are expected to increase less than the market. However, during the bear market, the loss of holding GOODYEAR is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
GOODYEAR TIRE RUBR has weak reverse predictability. Overlapping area represents the amount of predictability between GOODYEAR time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 GOODYEAR TIRE RUBR price movement. The serial correlation of -0.22 indicates that over 22.0% of current GOODYEAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
GOODYEAR TIRE RUBR lagged returns against current returns
Autocorrelation, which is GOODYEAR 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 GOODYEAR's bond expected returns. We can calculate the autocorrelation of GOODYEAR returns to help us make a trade decision. For example, suppose you find that GOODYEAR 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 |
GOODYEAR 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 GOODYEAR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOODYEAR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOODYEAR bond over time.
Current vs Lagged Prices |
| Timeline |
GOODYEAR Lagged Returns
When evaluating GOODYEAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOODYEAR bond have on its future price. GOODYEAR 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, GOODYEAR autocorrelation shows the relationship between GOODYEAR bond current value and its past values and can show if there is a momentum factor associated with investing in GOODYEAR TIRE RUBR.
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 GOODYEAR Bond
GOODYEAR financial ratios help investors to determine whether GOODYEAR 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 GOODYEAR with respect to the benefits of owning GOODYEAR security.