PRECISION CASTPARTS P Market Value
| 740189AM7 | 97.91 1.47 1.48% |
| Symbol | PRECISION |
PRECISION '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 PRECISION'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 PRECISION.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in PRECISION on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding PRECISION CASTPARTS P or generate 0.0% return on investment in PRECISION over 180 days. PRECISION is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
PRECISION 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 PRECISION'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 PRECISION CASTPARTS P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 2.7 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4563 |
PRECISION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRECISION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRECISION's standard deviation. In reality, there are many statistical measures that can use PRECISION historical prices to predict the future PRECISION's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (2.36) |
PRECISION CASTPARTS Backtested Returns
PRECISION CASTPARTS maintains Sharpe Ratio (i.e., Efficiency) of -0.0804, which implies the entity had a -0.0804% return per unit of risk over the last 3 months. PRECISION CASTPARTS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PRECISION's Mean Deviation of 0.2409, coefficient of variation of (2,228), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The bond holds a Beta of 0.0123, which implies not very significant fluctuations relative to the market. As returns on the market increase, PRECISION's returns are expected to increase less than the market. However, during the bear market, the loss of holding PRECISION is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
PRECISION CASTPARTS P has poor reverse predictability. Overlapping area represents the amount of predictability between PRECISION time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 PRECISION CASTPARTS price movement. The serial correlation of -0.39 indicates that just about 39.0% of current PRECISION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
PRECISION CASTPARTS lagged returns against current returns
Autocorrelation, which is PRECISION 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 PRECISION's bond expected returns. We can calculate the autocorrelation of PRECISION returns to help us make a trade decision. For example, suppose you find that PRECISION 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 |
PRECISION 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 PRECISION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRECISION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRECISION bond over time.
Current vs Lagged Prices |
| Timeline |
PRECISION Lagged Returns
When evaluating PRECISION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRECISION bond have on its future price. PRECISION 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, PRECISION autocorrelation shows the relationship between PRECISION bond current value and its past values and can show if there is a momentum factor associated with investing in PRECISION CASTPARTS P.
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 PRECISION Bond
PRECISION financial ratios help investors to determine whether PRECISION 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 PRECISION with respect to the benefits of owning PRECISION security.