MYLAN N V Market Value
| 62854AAP9 | 84.88 0.59 0.69% |
| Symbol | MYLAN |
MYLAN '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 MYLAN'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 MYLAN.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in MYLAN on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding MYLAN N V or generate 0.0% return on investment in MYLAN over 720 days. MYLAN is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
MYLAN 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 MYLAN'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 MYLAN N V upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 64.52 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.91 |
MYLAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYLAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYLAN's standard deviation. In reality, there are many statistical measures that can use MYLAN historical prices to predict the future MYLAN's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.1789 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.014 | |||
| Treynor Ratio | (1.65) |
MYLAN N V Backtested Returns
MYLAN N V has Sharpe Ratio of -0.0271, which conveys that the entity had a -0.0271% return per unit of volatility over the last 3 months. MYLAN exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYLAN's mean deviation of 2.08, and Risk Adjusted Performance of 0.0303 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYLAN are expected to decrease at a much lower rate. During the bear market, MYLAN is likely to outperform the market.
Auto-correlation | -0.38 |
Poor reverse predictability
MYLAN N V has poor reverse predictability. Overlapping area represents the amount of predictability between MYLAN time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 MYLAN N V price movement. The serial correlation of -0.38 indicates that just about 38.0% of current MYLAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 6.22 |
MYLAN N V lagged returns against current returns
Autocorrelation, which is MYLAN 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 MYLAN's bond expected returns. We can calculate the autocorrelation of MYLAN returns to help us make a trade decision. For example, suppose you find that MYLAN 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 |
MYLAN 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 MYLAN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYLAN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYLAN bond over time.
Current vs Lagged Prices |
| Timeline |
MYLAN Lagged Returns
When evaluating MYLAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYLAN bond have on its future price. MYLAN 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, MYLAN autocorrelation shows the relationship between MYLAN bond current value and its past values and can show if there is a momentum factor associated with investing in MYLAN N V.
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 MYLAN Bond
MYLAN financial ratios help investors to determine whether MYLAN 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 MYLAN with respect to the benefits of owning MYLAN security.