REPUBLIC SVCS INC Market Value
| 760759AR1 | 93.97 3.44 3.53% |
| Symbol | REPUBLIC |
REPUBLIC '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 REPUBLIC'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 REPUBLIC.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in REPUBLIC on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding REPUBLIC SVCS INC or generate 0.0% return on investment in REPUBLIC over 30 days. REPUBLIC is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
REPUBLIC 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 REPUBLIC'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 REPUBLIC SVCS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 1.11 |
REPUBLIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for REPUBLIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as REPUBLIC's standard deviation. In reality, there are many statistical measures that can use REPUBLIC historical prices to predict the future REPUBLIC's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 6.15 |
REPUBLIC SVCS INC Backtested Returns
REPUBLIC SVCS INC maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of standard deviation over the last 3 months. REPUBLIC SVCS INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check REPUBLIC's Coefficient Of Variation of (1,647), risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 6.16 to confirm the risk estimate we provide. The bond holds a Beta of -0.0109, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning REPUBLIC are expected to decrease at a much lower rate. During the bear market, REPUBLIC is likely to outperform the market.
Auto-correlation | 0.09 |
Virtually no predictability
REPUBLIC SVCS INC has virtually no predictability. Overlapping area represents the amount of predictability between REPUBLIC 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 REPUBLIC SVCS INC price movement. The serial correlation of 0.09 indicates that less than 9.0% of current REPUBLIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
REPUBLIC SVCS INC lagged returns against current returns
Autocorrelation, which is REPUBLIC 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 REPUBLIC's bond expected returns. We can calculate the autocorrelation of REPUBLIC returns to help us make a trade decision. For example, suppose you find that REPUBLIC 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 |
REPUBLIC 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 REPUBLIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if REPUBLIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in REPUBLIC bond over time.
Current vs Lagged Prices |
| Timeline |
REPUBLIC Lagged Returns
When evaluating REPUBLIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of REPUBLIC bond have on its future price. REPUBLIC 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, REPUBLIC autocorrelation shows the relationship between REPUBLIC bond current value and its past values and can show if there is a momentum factor associated with investing in REPUBLIC SVCS 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 REPUBLIC Bond
REPUBLIC financial ratios help investors to determine whether REPUBLIC 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 REPUBLIC with respect to the benefits of owning REPUBLIC security.