LOCKHEED MARTIN P Market Value
| 539830AZ2 | 92.31 3.26 3.41% |
| Symbol | LOCKHEED |
LOCKHEED '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 LOCKHEED'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 LOCKHEED.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in LOCKHEED on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding LOCKHEED MARTIN P or generate 0.0% return on investment in LOCKHEED over 30 days. LOCKHEED is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
LOCKHEED 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 LOCKHEED'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 LOCKHEED MARTIN P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.71 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 1.81 |
LOCKHEED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LOCKHEED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LOCKHEED's standard deviation. In reality, there are many statistical measures that can use LOCKHEED historical prices to predict the future LOCKHEED's volatility.| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0058 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1677 |
LOCKHEED MARTIN P Backtested Returns
LOCKHEED MARTIN P retains Efficiency (Sharpe Ratio) of -0.0354, which conveys that the entity had a -0.0354% return per unit of return volatility over the last 3 months. LOCKHEED exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LOCKHEED's Mean Deviation of 1.45, downside deviation of 2.8, and Market Risk Adjusted Performance of 0.1777 to check out the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LOCKHEED's returns are expected to increase less than the market. However, during the bear market, the loss of holding LOCKHEED is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
LOCKHEED MARTIN P has good predictability. Overlapping area represents the amount of predictability between LOCKHEED time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 LOCKHEED MARTIN P price movement. The serial correlation of 0.73 indicates that around 73.0% of current LOCKHEED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
LOCKHEED MARTIN P lagged returns against current returns
Autocorrelation, which is LOCKHEED 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 LOCKHEED's bond expected returns. We can calculate the autocorrelation of LOCKHEED returns to help us make a trade decision. For example, suppose you find that LOCKHEED 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 |
LOCKHEED 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 LOCKHEED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LOCKHEED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LOCKHEED bond over time.
Current vs Lagged Prices |
| Timeline |
LOCKHEED Lagged Returns
When evaluating LOCKHEED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LOCKHEED bond have on its future price. LOCKHEED 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, LOCKHEED autocorrelation shows the relationship between LOCKHEED bond current value and its past values and can show if there is a momentum factor associated with investing in LOCKHEED MARTIN P.
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 LOCKHEED Bond
LOCKHEED financial ratios help investors to determine whether LOCKHEED 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 LOCKHEED with respect to the benefits of owning LOCKHEED security.