SENSATA TECHNOLOGIES INC Market Value
| 81728UAB0 | 86.20 3.41 3.81% |
| Symbol | SENSATA |
SENSATA '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 SENSATA'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 SENSATA.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in SENSATA on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding SENSATA TECHNOLOGIES INC or generate 0.0% return on investment in SENSATA over 690 days. SENSATA is related to or competes with AKITA Drilling, Noble Plc, Arrow Electronics, Dave Busters, Xponential Fitness, Casio Computer, and Pinterest. More
SENSATA 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 SENSATA'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 SENSATA TECHNOLOGIES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.6729 |
SENSATA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SENSATA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SENSATA's standard deviation. In reality, there are many statistical measures that can use SENSATA historical prices to predict the future SENSATA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.98) |
SENSATA TECHNOLOGIES INC Backtested Returns
SENSATA TECHNOLOGIES INC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the bond had a -0.16% return per unit of standard deviation over the last 3 months. SENSATA TECHNOLOGIES INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SENSATA's variance of 2.21, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.0746, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SENSATA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SENSATA is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
SENSATA TECHNOLOGIES INC has poor reverse predictability. Overlapping area represents the amount of predictability between SENSATA time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 SENSATA TECHNOLOGIES INC price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current SENSATA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
SENSATA TECHNOLOGIES INC lagged returns against current returns
Autocorrelation, which is SENSATA 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 SENSATA's bond expected returns. We can calculate the autocorrelation of SENSATA returns to help us make a trade decision. For example, suppose you find that SENSATA 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 |
SENSATA 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 SENSATA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SENSATA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SENSATA bond over time.
Current vs Lagged Prices |
| Timeline |
SENSATA Lagged Returns
When evaluating SENSATA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SENSATA bond have on its future price. SENSATA 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, SENSATA autocorrelation shows the relationship between SENSATA bond current value and its past values and can show if there is a momentum factor associated with investing in SENSATA TECHNOLOGIES INC.
Regressed Prices |
| Timeline |
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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 SENSATA Bond
SENSATA financial ratios help investors to determine whether SENSATA 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 SENSATA with respect to the benefits of owning SENSATA security.