HCP INC 34 Market Value
| 40414LAM1 | 97.98 1.61 1.62% |
| Symbol | 40414LAM1 |
40414LAM1 '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 40414LAM1'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 40414LAM1.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in 40414LAM1 on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding HCP INC 34 or generate 0.0% return on investment in 40414LAM1 over 540 days. 40414LAM1 is related to or competes with BioNTech, Mativ Holdings, Flexible Solutions, Air Products, Neogen, Axalta Coating, and Sonida Senior. More
40414LAM1 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 40414LAM1'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 HCP INC 34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.8623 |
40414LAM1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 40414LAM1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 40414LAM1's standard deviation. In reality, there are many statistical measures that can use 40414LAM1 historical prices to predict the future 40414LAM1's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.1507 |
HCP INC 34 Backtested Returns
HCP INC 34 secures Sharpe Ratio (or Efficiency) of -0.0282, which signifies that the bond had a -0.0282% return per unit of risk over the last 3 months. HCP INC 34 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 40414LAM1's Mean Deviation of 0.277, variance of 0.5053, and Coefficient Of Variation of (5,327) to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 40414LAM1 are expected to decrease at a much lower rate. During the bear market, 40414LAM1 is likely to outperform the market.
Auto-correlation | 0.73 |
Good predictability
HCP INC 34 has good predictability. Overlapping area represents the amount of predictability between 40414LAM1 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 HCP INC 34 price movement. The serial correlation of 0.73 indicates that around 73.0% of current 40414LAM1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
HCP INC 34 lagged returns against current returns
Autocorrelation, which is 40414LAM1 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 40414LAM1's bond expected returns. We can calculate the autocorrelation of 40414LAM1 returns to help us make a trade decision. For example, suppose you find that 40414LAM1 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 |
40414LAM1 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 40414LAM1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 40414LAM1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 40414LAM1 bond over time.
Current vs Lagged Prices |
| Timeline |
40414LAM1 Lagged Returns
When evaluating 40414LAM1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 40414LAM1 bond have on its future price. 40414LAM1 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, 40414LAM1 autocorrelation shows the relationship between 40414LAM1 bond current value and its past values and can show if there is a momentum factor associated with investing in HCP INC 34.
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 40414LAM1 Bond
40414LAM1 financial ratios help investors to determine whether 40414LAM1 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 40414LAM1 with respect to the benefits of owning 40414LAM1 security.