Molina Healthcare 4375 Market Value
| 60855RAJ9 | 96.69 1.00 1.05% |
| Symbol | Molina |
Molina '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 Molina'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 Molina.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Molina on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Molina Healthcare 4375 or generate 0.0% return on investment in Molina over 510 days. Molina is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
Molina 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 Molina'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 Molina Healthcare 4375 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8666 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.9191 |
Molina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Molina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Molina's standard deviation. In reality, there are many statistical measures that can use Molina historical prices to predict the future Molina's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.12) |
Molina Healthcare 4375 Backtested Returns
At this point, Molina is very steady. Molina Healthcare 4375 has Sharpe Ratio of 0.025, which conveys that the entity had a 0.025% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Molina, which you can use to evaluate the volatility of the bond. Please verify Molina's Downside Deviation of 0.8666, mean deviation of 0.4425, and Risk Adjusted Performance of 0.0126 to check out if the risk estimate we provide is consistent with the expected return of 0.011%. The bond secures a Beta (Market Risk) of -0.0257, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Molina are expected to decrease at a much lower rate. During the bear market, Molina is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
Molina Healthcare 4375 has good predictability. Overlapping area represents the amount of predictability between Molina time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Molina Healthcare 4375 price movement. The serial correlation of 0.71 indicates that around 71.0% of current Molina price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Molina Healthcare 4375 lagged returns against current returns
Autocorrelation, which is Molina 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 Molina's bond expected returns. We can calculate the autocorrelation of Molina returns to help us make a trade decision. For example, suppose you find that Molina 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 |
Molina 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 Molina bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Molina bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Molina bond over time.
Current vs Lagged Prices |
| Timeline |
Molina Lagged Returns
When evaluating Molina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Molina bond have on its future price. Molina 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, Molina autocorrelation shows the relationship between Molina bond current value and its past values and can show if there is a momentum factor associated with investing in Molina Healthcare 4375.
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 Molina Bond
Molina financial ratios help investors to determine whether Molina 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 Molina with respect to the benefits of owning Molina security.