MARRIOTT INTERNATIONAL INC Market Value
| 571903BD4 | 100.28 0.07 0.07% |
| Symbol | MARRIOTT |
MARRIOTT '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 MARRIOTT'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 MARRIOTT.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in MARRIOTT on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding MARRIOTT INTERNATIONAL INC or generate 0.0% return on investment in MARRIOTT over 720 days. MARRIOTT is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
MARRIOTT 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 MARRIOTT'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 MARRIOTT INTERNATIONAL INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.64) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.25) | |||
| Potential Upside | 0.2492 |
MARRIOTT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MARRIOTT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MARRIOTT's standard deviation. In reality, there are many statistical measures that can use MARRIOTT historical prices to predict the future MARRIOTT's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 2.22 |
MARRIOTT INTERNATIONAL Backtested Returns
MARRIOTT INTERNATIONAL has Sharpe Ratio of -0.0249, which conveys that the bond had a -0.0249% return per unit of volatility over the last 3 months. MARRIOTT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MARRIOTT's Market Risk Adjusted Performance of 2.23, mean deviation of 0.1422, and Standard Deviation of 0.2095 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of -0.0061, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MARRIOTT are expected to decrease at a much lower rate. During the bear market, MARRIOTT is likely to outperform the market.
Auto-correlation | 0.21 |
Weak predictability
MARRIOTT INTERNATIONAL INC has weak predictability. Overlapping area represents the amount of predictability between MARRIOTT time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 MARRIOTT INTERNATIONAL price movement. The serial correlation of 0.21 indicates that over 21.0% of current MARRIOTT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
MARRIOTT INTERNATIONAL lagged returns against current returns
Autocorrelation, which is MARRIOTT 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 MARRIOTT's bond expected returns. We can calculate the autocorrelation of MARRIOTT returns to help us make a trade decision. For example, suppose you find that MARRIOTT 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 |
MARRIOTT 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 MARRIOTT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MARRIOTT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MARRIOTT bond over time.
Current vs Lagged Prices |
| Timeline |
MARRIOTT Lagged Returns
When evaluating MARRIOTT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MARRIOTT bond have on its future price. MARRIOTT 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, MARRIOTT autocorrelation shows the relationship between MARRIOTT bond current value and its past values and can show if there is a momentum factor associated with investing in MARRIOTT 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 MARRIOTT Bond
MARRIOTT financial ratios help investors to determine whether MARRIOTT 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 MARRIOTT with respect to the benefits of owning MARRIOTT security.