NortonLifeLock 5 percent Market Value
| 871503AU2 | 97.50 2.21 2.22% |
| Symbol | 871503AU2 |
871503AU2 '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 871503AU2'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 871503AU2.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 871503AU2 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding NortonLifeLock 5 percent or generate 0.0% return on investment in 871503AU2 over 30 days. 871503AU2 is related to or competes with Compania Cervecerias, Vita Coco, Constellation Brands, Celsius Holdings, and National Beverage. More
871503AU2 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 871503AU2'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 NortonLifeLock 5 percent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.2415 |
871503AU2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 871503AU2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 871503AU2's standard deviation. In reality, there are many statistical measures that can use 871503AU2 historical prices to predict the future 871503AU2's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.18 |
NortonLifeLock 5 percent Backtested Returns
NortonLifeLock 5 percent secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. NortonLifeLock 5 percent exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 871503AU2's mean deviation of 0.1888, and Variance of 0.1498 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0324, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 871503AU2 are expected to decrease at a much lower rate. During the bear market, 871503AU2 is likely to outperform the market.
Auto-correlation | -0.46 |
Modest reverse predictability
NortonLifeLock 5 percent has modest reverse predictability. Overlapping area represents the amount of predictability between 871503AU2 time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 NortonLifeLock 5 percent price movement. The serial correlation of -0.46 indicates that about 46.0% of current 871503AU2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
NortonLifeLock 5 percent lagged returns against current returns
Autocorrelation, which is 871503AU2 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 871503AU2's bond expected returns. We can calculate the autocorrelation of 871503AU2 returns to help us make a trade decision. For example, suppose you find that 871503AU2 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 |
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871503AU2 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 871503AU2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 871503AU2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 871503AU2 bond over time.
Current vs Lagged Prices |
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871503AU2 Lagged Returns
When evaluating 871503AU2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 871503AU2 bond have on its future price. 871503AU2 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, 871503AU2 autocorrelation shows the relationship between 871503AU2 bond current value and its past values and can show if there is a momentum factor associated with investing in NortonLifeLock 5 percent.
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 871503AU2 Bond
871503AU2 financial ratios help investors to determine whether 871503AU2 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 871503AU2 with respect to the benefits of owning 871503AU2 security.