TEXTRON INC 365 Market Value
| 883203BX8 | 98.30 0.89 0.91% |
| Symbol | TEXTRON |
TEXTRON '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 TEXTRON'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 TEXTRON.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TEXTRON on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TEXTRON INC 365 or generate 0.0% return on investment in TEXTRON over 540 days. TEXTRON is related to or competes with Global E, Norfolk Southern, Aterian, Yuexiu Transport, Magnite, Ryanair Holdings, and Academy Sports. More
TEXTRON 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 TEXTRON'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 TEXTRON INC 365 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6173 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.7816 |
TEXTRON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TEXTRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TEXTRON's standard deviation. In reality, there are many statistical measures that can use TEXTRON historical prices to predict the future TEXTRON's volatility.| Risk Adjusted Performance | 0.009 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0118 |
TEXTRON INC 365 Backtested Returns
At this point, TEXTRON is very steady. TEXTRON INC 365 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0084, which indicates the bond had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for TEXTRON INC 365, which you can use to evaluate the volatility of the bond. Please validate TEXTRON's Coefficient Of Variation of 8689.01, semi deviation of 0.5905, and Risk Adjusted Performance of 0.009 to confirm if the risk estimate we provide is consistent with the expected return of 0.0037%. The entity has a beta of -0.0866, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TEXTRON are expected to decrease at a much lower rate. During the bear market, TEXTRON is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
TEXTRON INC 365 has weak predictability. Overlapping area represents the amount of predictability between TEXTRON time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 TEXTRON INC 365 price movement. The serial correlation of 0.2 indicates that over 20.0% of current TEXTRON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
TEXTRON INC 365 lagged returns against current returns
Autocorrelation, which is TEXTRON 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 TEXTRON's bond expected returns. We can calculate the autocorrelation of TEXTRON returns to help us make a trade decision. For example, suppose you find that TEXTRON 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 |
TEXTRON 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 TEXTRON bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TEXTRON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TEXTRON bond over time.
Current vs Lagged Prices |
| Timeline |
TEXTRON Lagged Returns
When evaluating TEXTRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TEXTRON bond have on its future price. TEXTRON 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, TEXTRON autocorrelation shows the relationship between TEXTRON bond current value and its past values and can show if there is a momentum factor associated with investing in TEXTRON INC 365.
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 TEXTRON Bond
TEXTRON financial ratios help investors to determine whether TEXTRON 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 TEXTRON with respect to the benefits of owning TEXTRON security.