HCA INC 45 Market Value
| 404119BU2 | 99.02 0.07 0.07% |
| Symbol | 404119BU2 |
404119BU2 '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 404119BU2'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 404119BU2.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in 404119BU2 on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding HCA INC 45 or generate 0.0% return on investment in 404119BU2 over 510 days. 404119BU2 is related to or competes with Grupo Simec, United States, Kaiser Aluminum, Titan International, Aquestive Therapeutics, and 908 Devices. More
404119BU2 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 404119BU2'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 HCA INC 45 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8067 |
404119BU2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 404119BU2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 404119BU2's standard deviation. In reality, there are many statistical measures that can use 404119BU2 historical prices to predict the future 404119BU2's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.97) |
HCA INC 45 Backtested Returns
HCA INC 45 retains Efficiency (Sharpe Ratio) of -0.0559, which signifies that the bond had a -0.0559% return per unit of price deviation over the last 3 months. 404119BU2 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 404119BU2's Information Ratio of (0.27), coefficient of variation of (3,004), and Market Risk Adjusted Performance of (0.96) to double-check the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.0288, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 404119BU2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 404119BU2 is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
HCA INC 45 has good predictability. Overlapping area represents the amount of predictability between 404119BU2 time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 HCA INC 45 price movement. The serial correlation of 0.66 indicates that around 66.0% of current 404119BU2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
HCA INC 45 lagged returns against current returns
Autocorrelation, which is 404119BU2 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 404119BU2's bond expected returns. We can calculate the autocorrelation of 404119BU2 returns to help us make a trade decision. For example, suppose you find that 404119BU2 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 |
404119BU2 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 404119BU2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 404119BU2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 404119BU2 bond over time.
Current vs Lagged Prices |
| Timeline |
404119BU2 Lagged Returns
When evaluating 404119BU2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 404119BU2 bond have on its future price. 404119BU2 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, 404119BU2 autocorrelation shows the relationship between 404119BU2 bond current value and its past values and can show if there is a momentum factor associated with investing in HCA INC 45.
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 404119BU2 Bond
404119BU2 financial ratios help investors to determine whether 404119BU2 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 404119BU2 with respect to the benefits of owning 404119BU2 security.