MAY DEPT STORES Market Value
| 577778CE1 | 96.13 3.00 3.22% |
| Symbol | 577778CE1 |
577778CE1 '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 577778CE1'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 577778CE1.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in 577778CE1 on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding MAY DEPT STORES or generate 0.0% return on investment in 577778CE1 over 300 days. 577778CE1 is related to or competes with Allegheny Technologies, Tianjin Capital, Kaiser Aluminum, Playtika Holding, Maanshan Iron, and Insteel Industries. More
577778CE1 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 577778CE1'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 MAY DEPT STORES upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 26.71 | |||
| Value At Risk | (5.84) | |||
| Potential Upside | 7.98 |
577778CE1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 577778CE1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 577778CE1's standard deviation. In reality, there are many statistical measures that can use 577778CE1 historical prices to predict the future 577778CE1's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.095 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0225 | |||
| Treynor Ratio | 0.2169 |
MAY DEPT STORES Backtested Returns
MAY DEPT STORES secures Sharpe Ratio (or Efficiency) of -0.0373, which signifies that the bond had a -0.0373% return per unit of return volatility over the last 3 months. MAY DEPT STORES exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 577778CE1's mean deviation of 3.29, and Downside Deviation of 4.04 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.97, which signifies possible diversification benefits within a given portfolio. 577778CE1 returns are very sensitive to returns on the market. As the market goes up or down, 577778CE1 is expected to follow.
Auto-correlation | -0.14 |
Insignificant reverse predictability
MAY DEPT STORES has insignificant reverse predictability. Overlapping area represents the amount of predictability between 577778CE1 time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 MAY DEPT STORES price movement. The serial correlation of -0.14 indicates that less than 14.0% of current 577778CE1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 12.31 |
MAY DEPT STORES lagged returns against current returns
Autocorrelation, which is 577778CE1 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 577778CE1's bond expected returns. We can calculate the autocorrelation of 577778CE1 returns to help us make a trade decision. For example, suppose you find that 577778CE1 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 |
577778CE1 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 577778CE1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 577778CE1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 577778CE1 bond over time.
Current vs Lagged Prices |
| Timeline |
577778CE1 Lagged Returns
When evaluating 577778CE1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 577778CE1 bond have on its future price. 577778CE1 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, 577778CE1 autocorrelation shows the relationship between 577778CE1 bond current value and its past values and can show if there is a momentum factor associated with investing in MAY DEPT STORES.
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 577778CE1 Bond
577778CE1 financial ratios help investors to determine whether 577778CE1 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 577778CE1 with respect to the benefits of owning 577778CE1 security.