Outfront Media Capital Market Value
| 69007TAB0 | 99.13 0.35 0.35% |
| Symbol | Outfront |
Outfront '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 Outfront'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 Outfront.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Outfront on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Outfront Media Capital or generate 0.0% return on investment in Outfront over 30 days. Outfront is related to or competes with Acco Brands, Bill, Nyxoah, NETGEAR, Pinterest, Kaltura, and Merit Medical. More
Outfront 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 Outfront'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 Outfront Media Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.21 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.63 |
Outfront Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Outfront's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Outfront's standard deviation. In reality, there are many statistical measures that can use Outfront historical prices to predict the future Outfront's volatility.| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | 0.0026 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1862 |
Outfront Media Capital Backtested Returns
At this point, Outfront is very steady. Outfront Media Capital maintains Sharpe Ratio (i.e., Efficiency) of 0.0013, which implies the entity had a 0.0013% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Outfront Media Capital, which you can use to evaluate the volatility of the bond. Please check Outfront's Risk Adjusted Performance of 0.0123, semi deviation of 1.75, and Coefficient Of Variation of 12663.57 to confirm if the risk estimate we provide is consistent with the expected return of 0.0012%. The bond holds a Beta of 0.036, which implies not very significant fluctuations relative to the market. As returns on the market increase, Outfront's returns are expected to increase less than the market. However, during the bear market, the loss of holding Outfront is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Outfront Media Capital has insignificant reverse predictability. Overlapping area represents the amount of predictability between Outfront time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Outfront Media Capital price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Outfront price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.95 |
Outfront Media Capital lagged returns against current returns
Autocorrelation, which is Outfront 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 Outfront's bond expected returns. We can calculate the autocorrelation of Outfront returns to help us make a trade decision. For example, suppose you find that Outfront 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 |
Outfront 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 Outfront bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Outfront bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Outfront bond over time.
Current vs Lagged Prices |
| Timeline |
Outfront Lagged Returns
When evaluating Outfront's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Outfront bond have on its future price. Outfront 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, Outfront autocorrelation shows the relationship between Outfront bond current value and its past values and can show if there is a momentum factor associated with investing in Outfront Media Capital.
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 Outfront Bond
Outfront financial ratios help investors to determine whether Outfront 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 Outfront with respect to the benefits of owning Outfront security.