AMGEN INC Market Value

031162CZ1   79.59  3.42  4.12%   
AMGEN's market value is the price at which a share of AMGEN trades on an exchange. It measures the collective expectations of AMGEN INC investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of AMGEN INC and determine expected loss or profit from investing in AMGEN over a given investment horizon.
Check out AMGEN Correlation, AMGEN Volatility and AMGEN Alpha and Beta module to complement your research on AMGEN.
Symbol

Please note, there is a significant difference between AMGEN's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMGEN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMGEN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

AMGEN '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 AMGEN'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 AMGEN.
0.00
07/20/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/11/2024
0.00
If you would invest  0.00  in AMGEN on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding AMGEN INC or generate 0.0% return on investment in AMGEN over 510 days. AMGEN is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, BigBearai Holdings, InMode, Sprott Focus, and IONQ. More

AMGEN 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 AMGEN'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 AMGEN INC upside and downside potential and time the market with a certain degree of confidence.

AMGEN Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for AMGEN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AMGEN's standard deviation. In reality, there are many statistical measures that can use AMGEN historical prices to predict the future AMGEN's volatility.
Hype
Prediction
LowEstimatedHigh
78.9079.5980.28
Details
Intrinsic
Valuation
LowRealHigh
71.6380.4781.16
Details
Naive
Forecast
LowNextHigh
79.6180.3080.99
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
78.7681.7984.82
Details

AMGEN INC Backtested Returns

AMGEN INC secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. AMGEN INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AMGEN's Mean Deviation of 0.8336, risk adjusted performance of (0.03), and Standard Deviation of 1.78 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AMGEN's returns are expected to increase less than the market. However, during the bear market, the loss of holding AMGEN is expected to be smaller as well.

Auto-correlation

    
  0.56  

Modest predictability

AMGEN INC has modest predictability. Overlapping area represents the amount of predictability between AMGEN time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 AMGEN INC price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current AMGEN price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.47
Residual Average0.0
Price Variance3.58

AMGEN INC lagged returns against current returns

Autocorrelation, which is AMGEN 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 AMGEN's bond expected returns. We can calculate the autocorrelation of AMGEN returns to help us make a trade decision. For example, suppose you find that AMGEN 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  

AMGEN 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 AMGEN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AMGEN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AMGEN bond over time.
   Current vs Lagged Prices   
       Timeline  

AMGEN Lagged Returns

When evaluating AMGEN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AMGEN bond have on its future price. AMGEN 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, AMGEN autocorrelation shows the relationship between AMGEN bond current value and its past values and can show if there is a momentum factor associated with investing in AMGEN INC.
   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 AMGEN Bond

AMGEN financial ratios help investors to determine whether AMGEN 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 AMGEN with respect to the benefits of owning AMGEN security.