STRYKER P 4375 Market Value
| 863667AG6 | 90.06 4.43 5.17% |
| Symbol | STRYKER |
STRYKER '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 STRYKER'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 STRYKER.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in STRYKER on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding STRYKER P 4375 or generate 0.0% return on investment in STRYKER over 30 days. STRYKER is related to or competes with Analog Devices, Air Lease, MACOM Technology, Westinghouse Air, Fevertree Drinks, and Willamette Valley. More
STRYKER 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 STRYKER'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 STRYKER P 4375 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.75 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.09 |
STRYKER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STRYKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STRYKER's standard deviation. In reality, there are many statistical measures that can use STRYKER historical prices to predict the future STRYKER's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.0346 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 2.82 |
STRYKER P 4375 Backtested Returns
STRYKER P 4375 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0279, which indicates the bond had a -0.0279% return per unit of standard deviation over the last 3 months. STRYKER P 4375 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STRYKER's risk adjusted performance of 0.0313, and Coefficient Of Variation of 2819.25 to confirm the risk estimate we provide. The entity has a beta of 0.0128, which indicates not very significant fluctuations relative to the market. As returns on the market increase, STRYKER's returns are expected to increase less than the market. However, during the bear market, the loss of holding STRYKER is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
STRYKER P 4375 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between STRYKER time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 STRYKER P 4375 price movement. The serial correlation of -0.75 indicates that around 75.0% of current STRYKER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3.87 |
STRYKER P 4375 lagged returns against current returns
Autocorrelation, which is STRYKER 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 STRYKER's bond expected returns. We can calculate the autocorrelation of STRYKER returns to help us make a trade decision. For example, suppose you find that STRYKER 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 |
STRYKER 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 STRYKER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STRYKER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STRYKER bond over time.
Current vs Lagged Prices |
| Timeline |
STRYKER Lagged Returns
When evaluating STRYKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STRYKER bond have on its future price. STRYKER 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, STRYKER autocorrelation shows the relationship between STRYKER bond current value and its past values and can show if there is a momentum factor associated with investing in STRYKER P 4375.
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 STRYKER Bond
STRYKER financial ratios help investors to determine whether STRYKER 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 STRYKER with respect to the benefits of owning STRYKER security.