Ammo Preferred Preferred Stock Market Value
| POWWP Preferred Stock | USD 21.60 0.30 1.41% |
| Symbol | Ammo |
Ammo Preferred '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 Ammo Preferred's preferred stock 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 Ammo Preferred.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in Ammo Preferred on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Ammo Preferred or generate 0.0% return on investment in Ammo Preferred over 720 days. Ammo Preferred is related to or competes with Ammo, XOMA, Presidio Property, and XOMA Corp. AMMO, Inc. designs, produces, and markets ammunition and ammunition component products for sport and recreational shoote... More
Ammo Preferred 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 Ammo Preferred's preferred stock 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 Ammo Preferred upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.5 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 5.25 |
Ammo Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ammo Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ammo Preferred's standard deviation. In reality, there are many statistical measures that can use Ammo Preferred historical prices to predict the future Ammo Preferred's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.80) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ammo Preferred's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ammo Preferred Backtested Returns
Ammo Preferred secures Sharpe Ratio (or Efficiency) of -0.047, which signifies that the company had a -0.047% return per unit of risk over the last 3 months. Ammo Preferred exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ammo Preferred's Mean Deviation of 2.4, risk adjusted performance of (0.02), and Standard Deviation of 4.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ammo Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ammo Preferred is expected to be smaller as well. At this point, Ammo Preferred has a negative expected return of -0.19%. Please make sure to confirm Ammo Preferred's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Ammo Preferred performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Ammo Preferred has good reverse predictability. Overlapping area represents the amount of predictability between Ammo Preferred time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th of December 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 Ammo Preferred price movement. The serial correlation of -0.55 indicates that about 55.0% of current Ammo Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
Ammo Preferred lagged returns against current returns
Autocorrelation, which is Ammo Preferred preferred stock'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 Ammo Preferred's preferred stock expected returns. We can calculate the autocorrelation of Ammo Preferred returns to help us make a trade decision. For example, suppose you find that Ammo Preferred has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
Ammo Preferred 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 Ammo Preferred preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ammo Preferred preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ammo Preferred preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Ammo Preferred Lagged Returns
When evaluating Ammo Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ammo Preferred preferred stock have on its future price. Ammo Preferred 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, Ammo Preferred autocorrelation shows the relationship between Ammo Preferred preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Ammo Preferred.
Regressed Prices |
| Timeline |
Pair Trading with Ammo Preferred
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ammo Preferred position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ammo Preferred will appreciate offsetting losses from the drop in the long position's value.Moving against Ammo Preferred Stock
| 0.76 | CW | Curtiss Wright | PairCorr |
| 0.76 | EH | Ehang Holdings | PairCorr |
| 0.67 | ESLT | Elbit Systems | PairCorr |
| 0.56 | HWM | Howmet Aerospace | PairCorr |
| 0.55 | DRS | Leonardo DRS, Common | PairCorr |
The ability to find closely correlated positions to Ammo Preferred could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ammo Preferred when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ammo Preferred - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ammo Preferred to buy it.
The correlation of Ammo Preferred is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ammo Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ammo Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ammo Preferred can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ammo Preferred Stock Analysis
When running Ammo Preferred's price analysis, check to measure Ammo Preferred's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ammo Preferred is operating at the current time. Most of Ammo Preferred's value examination focuses on studying past and present price action to predict the probability of Ammo Preferred's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ammo Preferred's price. Additionally, you may evaluate how the addition of Ammo Preferred to your portfolios can decrease your overall portfolio volatility.