PFIZER INC Market Value
| 717081ET6 | 98.42 2.59 2.70% |
| Symbol | PFIZER |
PFIZER '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 PFIZER'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 PFIZER.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in PFIZER on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding PFIZER INC or generate 0.0% return on investment in PFIZER over 30 days. PFIZER is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
PFIZER 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 PFIZER'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 PFIZER INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7656 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.51 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.83 |
PFIZER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PFIZER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PFIZER's standard deviation. In reality, there are many statistical measures that can use PFIZER historical prices to predict the future PFIZER's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.03) |
PFIZER INC Backtested Returns
PFIZER INC maintains Sharpe Ratio (i.e., Efficiency) of -0.0716, which implies the entity had a -0.0716% return per unit of volatility over the last 3 months. PFIZER INC exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PFIZER's semi deviation of 0.7142, and Risk Adjusted Performance of 0.0134 to confirm the risk estimate we provide. The bond holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PFIZER are expected to decrease at a much lower rate. During the bear market, PFIZER is likely to outperform the market.
Auto-correlation | 0.81 |
Very good predictability
PFIZER INC has very good predictability. Overlapping area represents the amount of predictability between PFIZER time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 PFIZER INC price movement. The serial correlation of 0.81 indicates that around 81.0% of current PFIZER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
PFIZER INC lagged returns against current returns
Autocorrelation, which is PFIZER 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 PFIZER's bond expected returns. We can calculate the autocorrelation of PFIZER returns to help us make a trade decision. For example, suppose you find that PFIZER 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 |
PFIZER 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 PFIZER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PFIZER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PFIZER bond over time.
Current vs Lagged Prices |
| Timeline |
PFIZER Lagged Returns
When evaluating PFIZER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PFIZER bond have on its future price. PFIZER 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, PFIZER autocorrelation shows the relationship between PFIZER bond current value and its past values and can show if there is a momentum factor associated with investing in PFIZER 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 PFIZER Bond
PFIZER financial ratios help investors to determine whether PFIZER 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 PFIZER with respect to the benefits of owning PFIZER security.