CUMMINS INC 7125 Price on July 8, 2024
| 231021AJ5 | 108.15 0.22 0.20% |
If you're considering investing in CUMMINS Bond, it is important to understand the factors that can impact its price. As of today, the current price of CUMMINS stands at 108.15, as last reported on the 11th of December 2024, with the highest price reaching 108.15 and the lowest price hitting 108.15 during the day. CUMMINS INC 7125 secures Sharpe Ratio (or Efficiency) of -0.0586, which signifies that the bond had a -0.0586% return per unit of risk over the last 3 months. CUMMINS INC 7125 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CUMMINS's risk adjusted performance of (0.01), and Mean Deviation of 0.4097 to double-check the risk estimate we provide.
CUMMINS Bond price history is provided at the adjusted basis, taking into account all of the recent filings.
CUMMINS |
Sharpe Ratio = -0.0586
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| Negative Returns | 231021AJ5 |
Estimated Market Risk
| 0.56 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CUMMINS is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CUMMINS by adding CUMMINS to a well-diversified portfolio.
CUMMINS Valuation on July 8, 2024
It is possible to determine the worth of CUMMINS on a given historical date. On July 8, 2024 CUMMINS was worth 107.95 at the beginning of the trading date compared to the closed value of 107.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CUMMINS bond. Still, in general, we apply an absolute valuation method to find CUMMINS's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CUMMINS where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CUMMINS's related companies.
| Open | High | Low | Close | Volume | |
| 107.41 | 107.41 | 107.41 | 107.41 | 1.00 | |
07/08/2024 | 107.95 | 107.95 | 107.95 | 107.95 | 1.00 |
| 108.04 | 108.04 | 108.04 | 108.04 | 1.00 |
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CUMMINS Trading Date Momentum on July 8, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.About CUMMINS Bond history
CUMMINS investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CUMMINS is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CUMMINS INC 7125 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CUMMINS stock prices may prove useful in developing a viable investing in CUMMINS
CUMMINS Bond Technical Analysis
CUMMINS technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.
Price Boundaries
CUMMINS Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
CUMMINS INC 7125 cannot be verified against its exchange. Please verify the symbol is currently traded on Bond Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CUMMINS December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how CUMMINS bond reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CUMMINS shares will generate the highest return on investment. By undertsting and applying CUMMINS bond market strength indicators, traders can identify CUMMINS INC 7125 entry and exit signals to maximize returns
CUMMINS Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CUMMINS's price direction in advance. Along with the technical and fundamental analysis of CUMMINS Bond historical price patterns, it is also worthwhile for investors to track various predictive indicators of CUMMINS to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.159 |
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Other Information on Investing in CUMMINS Bond
CUMMINS financial ratios help investors to determine whether CUMMINS 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 CUMMINS with respect to the benefits of owning CUMMINS security.