PERRIGO FIN PLC Market Value
| 714295AC6 | 96.66 3.13 3.14% |
| Symbol | PERRIGO |
PERRIGO '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 PERRIGO'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 PERRIGO.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in PERRIGO on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding PERRIGO FIN PLC or generate 0.0% return on investment in PERRIGO over 540 days. PERRIGO is related to or competes with 00108WAF7, 90331HPL1, FactSet Research, Golden Agri-Resources, China Mengniu, Sitio Royalties, and UDR. More
PERRIGO 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 PERRIGO'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 PERRIGO FIN PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.9374 |
PERRIGO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PERRIGO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PERRIGO's standard deviation. In reality, there are many statistical measures that can use PERRIGO historical prices to predict the future PERRIGO's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.4641 |
PERRIGO FIN PLC Backtested Returns
PERRIGO FIN PLC maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the entity had a -0.14% return per unit of standard deviation over the last 3 months. PERRIGO FIN PLC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PERRIGO's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.4741, and Coefficient Of Variation of (2,946) to confirm the risk estimate we provide. The bond holds a Beta of -0.0745, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PERRIGO are expected to decrease at a much lower rate. During the bear market, PERRIGO is likely to outperform the market.
Auto-correlation | 0.01 |
Virtually no predictability
PERRIGO FIN PLC has virtually no predictability. Overlapping area represents the amount of predictability between PERRIGO time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 PERRIGO FIN PLC price movement. The serial correlation of 0.01 indicates that just 1.0% of current PERRIGO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
PERRIGO FIN PLC lagged returns against current returns
Autocorrelation, which is PERRIGO 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 PERRIGO's bond expected returns. We can calculate the autocorrelation of PERRIGO returns to help us make a trade decision. For example, suppose you find that PERRIGO 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 |
PERRIGO 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 PERRIGO bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PERRIGO bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PERRIGO bond over time.
Current vs Lagged Prices |
| Timeline |
PERRIGO Lagged Returns
When evaluating PERRIGO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PERRIGO bond have on its future price. PERRIGO 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, PERRIGO autocorrelation shows the relationship between PERRIGO bond current value and its past values and can show if there is a momentum factor associated with investing in PERRIGO FIN PLC.
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 PERRIGO Bond
PERRIGO financial ratios help investors to determine whether PERRIGO 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 PERRIGO with respect to the benefits of owning PERRIGO security.