MACYS RETAIL HLDGS Market Value
| 55616XAJ6 | 68.25 2.25 3.19% |
| Symbol | MACYS |
MACYS '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 MACYS'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 MACYS.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in MACYS on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding MACYS RETAIL HLDGS or generate 0.0% return on investment in MACYS over 540 days. MACYS is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
MACYS 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 MACYS'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 MACYS RETAIL HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.97 | |||
| Information Ratio | 0.0038 | |||
| Maximum Drawdown | 44.45 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.52 |
MACYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MACYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MACYS's standard deviation. In reality, there are many statistical measures that can use MACYS historical prices to predict the future MACYS's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.1591 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | 0.0041 | |||
| Treynor Ratio | (0.68) |
MACYS RETAIL HLDGS Backtested Returns
At this point, MACYS is very steady. MACYS RETAIL HLDGS retains Efficiency (Sharpe Ratio) of 0.0069, which conveys that the bond had a 0.0069% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for MACYS, which you can use to evaluate the volatility of the entity. Please verify MACYS's Semi Deviation of 4.62, mean deviation of 2.24, and Market Risk Adjusted Performance of (0.67) to check out if the risk estimate we provide is consistent with the expected return of 0.0096%. The entity owns a Beta (Systematic Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MACYS are expected to decrease at a much lower rate. During the bear market, MACYS is likely to outperform the market.
Auto-correlation | -0.54 |
Good reverse predictability
MACYS RETAIL HLDGS has good reverse predictability. Overlapping area represents the amount of predictability between MACYS 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 MACYS RETAIL HLDGS price movement. The serial correlation of -0.54 indicates that about 54.0% of current MACYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 26.28 |
MACYS RETAIL HLDGS lagged returns against current returns
Autocorrelation, which is MACYS 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 MACYS's bond expected returns. We can calculate the autocorrelation of MACYS returns to help us make a trade decision. For example, suppose you find that MACYS 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 |
MACYS 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 MACYS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MACYS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MACYS bond over time.
Current vs Lagged Prices |
| Timeline |
MACYS Lagged Returns
When evaluating MACYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MACYS bond have on its future price. MACYS 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, MACYS autocorrelation shows the relationship between MACYS bond current value and its past values and can show if there is a momentum factor associated with investing in MACYS RETAIL HLDGS.
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 MACYS Bond
MACYS financial ratios help investors to determine whether MACYS 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 MACYS with respect to the benefits of owning MACYS security.