HONEYWELL INTERNATIONAL INC Market Value
| 438516CA2 | 74.62 8.06 12.11% |
| Symbol | HONEYWELL |
HONEYWELL '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 HONEYWELL'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 HONEYWELL.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in HONEYWELL on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding HONEYWELL INTERNATIONAL INC or generate 0.0% return on investment in HONEYWELL over 30 days. HONEYWELL is related to or competes with Reservoir Media, Radcom, Arrow Electronics, Grupo Televisa, Virco Manufacturing, Postal Realty, and Bausch Lomb. More
HONEYWELL 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 HONEYWELL'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 HONEYWELL INTERNATIONAL INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0421 | |||
| Maximum Drawdown | 5.19 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.21 |
HONEYWELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HONEYWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HONEYWELL's standard deviation. In reality, there are many statistical measures that can use HONEYWELL historical prices to predict the future HONEYWELL's volatility.| Risk Adjusted Performance | 0.0828 | |||
| Jensen Alpha | 0.1953 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0798 | |||
| Treynor Ratio | 2.03 |
HONEYWELL INTERNATIONAL Backtested Returns
HONEYWELL INTERNATIONAL holds Efficiency (Sharpe) Ratio of -0.0378, which attests that the entity had a -0.0378% return per unit of volatility over the last 3 months. HONEYWELL INTERNATIONAL exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HONEYWELL's market risk adjusted performance of 2.04, and Risk Adjusted Performance of 0.0828 to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HONEYWELL's returns are expected to increase less than the market. However, during the bear market, the loss of holding HONEYWELL is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
HONEYWELL INTERNATIONAL INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between HONEYWELL time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 HONEYWELL INTERNATIONAL price movement. The serial correlation of -0.11 indicates that less than 11.0% of current HONEYWELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 8.15 |
HONEYWELL INTERNATIONAL lagged returns against current returns
Autocorrelation, which is HONEYWELL 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 HONEYWELL's bond expected returns. We can calculate the autocorrelation of HONEYWELL returns to help us make a trade decision. For example, suppose you find that HONEYWELL 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 |
HONEYWELL 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 HONEYWELL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HONEYWELL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HONEYWELL bond over time.
Current vs Lagged Prices |
| Timeline |
HONEYWELL Lagged Returns
When evaluating HONEYWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HONEYWELL bond have on its future price. HONEYWELL 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, HONEYWELL autocorrelation shows the relationship between HONEYWELL bond current value and its past values and can show if there is a momentum factor associated with investing in HONEYWELL INTERNATIONAL 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 HONEYWELL Bond
HONEYWELL financial ratios help investors to determine whether HONEYWELL 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 HONEYWELL with respect to the benefits of owning HONEYWELL security.