SCOTTS MIRACLE GRO 45 Market Value
| 810186AS5 | 85.63 8.74 9.26% |
| Symbol | SCOTTS |
SCOTTS '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 SCOTTS'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 SCOTTS.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in SCOTTS on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding SCOTTS MIRACLE GRO 45 or generate 0.0% return on investment in SCOTTS over 90 days. SCOTTS is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
SCOTTS 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 SCOTTS'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 SCOTTS MIRACLE GRO 45 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 3.34 |
SCOTTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SCOTTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SCOTTS's standard deviation. In reality, there are many statistical measures that can use SCOTTS historical prices to predict the future SCOTTS's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.482 |
SCOTTS MIRACLE GRO Backtested Returns
SCOTTS MIRACLE GRO owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.099, which indicates the bond had a -0.099% return per unit of standard deviation over the last 3 months. SCOTTS MIRACLE GRO 45 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SCOTTS's Risk Adjusted Performance of (0.02), standard deviation of 2.99, and Market Risk Adjusted Performance of 0.492 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SCOTTS are expected to decrease at a much lower rate. During the bear market, SCOTTS is likely to outperform the market.
Auto-correlation | -0.06 |
Very weak reverse predictability
SCOTTS MIRACLE GRO 45 has very weak reverse predictability. Overlapping area represents the amount of predictability between SCOTTS time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 SCOTTS MIRACLE GRO price movement. The serial correlation of -0.06 indicates that barely 6.0% of current SCOTTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 10.35 |
SCOTTS MIRACLE GRO lagged returns against current returns
Autocorrelation, which is SCOTTS 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 SCOTTS's bond expected returns. We can calculate the autocorrelation of SCOTTS returns to help us make a trade decision. For example, suppose you find that SCOTTS 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 |
SCOTTS 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 SCOTTS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SCOTTS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SCOTTS bond over time.
Current vs Lagged Prices |
| Timeline |
SCOTTS Lagged Returns
When evaluating SCOTTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SCOTTS bond have on its future price. SCOTTS 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, SCOTTS autocorrelation shows the relationship between SCOTTS bond current value and its past values and can show if there is a momentum factor associated with investing in SCOTTS MIRACLE GRO 45.
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 SCOTTS Bond
SCOTTS financial ratios help investors to determine whether SCOTTS 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 SCOTTS with respect to the benefits of owning SCOTTS security.