NEWELL BRANDS INC Market Value
| 651229AS5 | 91.83 0.00 0.00% |
| Symbol | NEWELL |
NEWELL '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 NEWELL'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 NEWELL.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in NEWELL on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding NEWELL BRANDS INC or generate 0.0% return on investment in NEWELL over 180 days. NEWELL is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
NEWELL 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 NEWELL'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 NEWELL BRANDS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.63 |
NEWELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEWELL's standard deviation. In reality, there are many statistical measures that can use NEWELL historical prices to predict the future NEWELL's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.3787 |
NEWELL BRANDS INC Backtested Returns
NEWELL BRANDS INC has Sharpe Ratio of -0.0635, which conveys that the entity had a -0.0635% return per unit of standard deviation over the last 3 months. NEWELL exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEWELL's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.3887, and Mean Deviation of 1.24 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEWELL are expected to decrease at a much lower rate. During the bear market, NEWELL is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
NEWELL BRANDS INC has insignificant predictability. Overlapping area represents the amount of predictability between NEWELL time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 NEWELL BRANDS INC price movement. The serial correlation of 0.1 indicates that less than 10.0% of current NEWELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.9 |
NEWELL BRANDS INC lagged returns against current returns
Autocorrelation, which is NEWELL 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 NEWELL's bond expected returns. We can calculate the autocorrelation of NEWELL returns to help us make a trade decision. For example, suppose you find that NEWELL 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 |
NEWELL 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 NEWELL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEWELL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEWELL bond over time.
Current vs Lagged Prices |
| Timeline |
NEWELL Lagged Returns
When evaluating NEWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEWELL bond have on its future price. NEWELL 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, NEWELL autocorrelation shows the relationship between NEWELL bond current value and its past values and can show if there is a momentum factor associated with investing in NEWELL BRANDS 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 NEWELL Bond
NEWELL financial ratios help investors to determine whether NEWELL 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 NEWELL with respect to the benefits of owning NEWELL security.