HARLEY DAVIDSON INC Market Value
| 412822AD0 | 97.39 0.02 0.02% |
| Symbol | HARLEY |
HARLEY '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 HARLEY'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 HARLEY.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in HARLEY on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HARLEY DAVIDSON INC or generate 0.0% return on investment in HARLEY over 30 days. HARLEY is related to or competes with Merit Medical, IPG Photonics, Toro, Consol Energy, Nike, Femasys, and Nyxoah. More
HARLEY 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 HARLEY'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 HARLEY DAVIDSON INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.385 |
HARLEY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HARLEY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HARLEY's standard deviation. In reality, there are many statistical measures that can use HARLEY historical prices to predict the future HARLEY's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.2657 |
HARLEY DAVIDSON INC Backtested Returns
HARLEY DAVIDSON INC holds Efficiency (Sharpe) Ratio of -0.0699, which attests that the bond had a -0.0699% return per unit of volatility over the last 3 months. HARLEY DAVIDSON INC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HARLEY's coefficient of variation of (3,282), and Market Risk Adjusted Performance of 0.2757 to validate the risk estimate we provide. The entity retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HARLEY are expected to decrease at a much lower rate. During the bear market, HARLEY is likely to outperform the market.
Auto-correlation | -0.15 |
Insignificant reverse predictability
HARLEY DAVIDSON INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between HARLEY time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 HARLEY DAVIDSON INC price movement. The serial correlation of -0.15 indicates that less than 15.0% of current HARLEY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
HARLEY DAVIDSON INC lagged returns against current returns
Autocorrelation, which is HARLEY 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 HARLEY's bond expected returns. We can calculate the autocorrelation of HARLEY returns to help us make a trade decision. For example, suppose you find that HARLEY 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 |
HARLEY 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 HARLEY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HARLEY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HARLEY bond over time.
Current vs Lagged Prices |
| Timeline |
HARLEY Lagged Returns
When evaluating HARLEY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HARLEY bond have on its future price. HARLEY 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, HARLEY autocorrelation shows the relationship between HARLEY bond current value and its past values and can show if there is a momentum factor associated with investing in HARLEY DAVIDSON 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 HARLEY Bond
HARLEY financial ratios help investors to determine whether HARLEY 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 HARLEY with respect to the benefits of owning HARLEY security.