HOLOGIC INC 325 Market Value
| 436440AP6 | 90.56 0.10 0.11% |
| Symbol | HOLOGIC |
HOLOGIC '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 HOLOGIC'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 HOLOGIC.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in HOLOGIC on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding HOLOGIC INC 325 or generate 0.0% return on investment in HOLOGIC over 720 days. HOLOGIC is related to or competes with Stratasys, Western Digital, Anterix, Radcom, Grocery Outlet, and Par Pacific. More
HOLOGIC 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 HOLOGIC'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 HOLOGIC INC 325 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.42 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.12 |
HOLOGIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOLOGIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOLOGIC's standard deviation. In reality, there are many statistical measures that can use HOLOGIC historical prices to predict the future HOLOGIC's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.39) |
HOLOGIC INC 325 Backtested Returns
HOLOGIC INC 325 holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. HOLOGIC INC 325 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HOLOGIC's Risk Adjusted Performance of (0.06), coefficient of variation of (1,211), and Market Risk Adjusted Performance of (0.38) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HOLOGIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding HOLOGIC is expected to be smaller as well.
Auto-correlation | -0.14 |
Insignificant reverse predictability
HOLOGIC INC 325 has insignificant reverse predictability. Overlapping area represents the amount of predictability between HOLOGIC time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 HOLOGIC INC 325 price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HOLOGIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
HOLOGIC INC 325 lagged returns against current returns
Autocorrelation, which is HOLOGIC 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 HOLOGIC's bond expected returns. We can calculate the autocorrelation of HOLOGIC returns to help us make a trade decision. For example, suppose you find that HOLOGIC 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 |
HOLOGIC 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 HOLOGIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOLOGIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOLOGIC bond over time.
Current vs Lagged Prices |
| Timeline |
HOLOGIC Lagged Returns
When evaluating HOLOGIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOLOGIC bond have on its future price. HOLOGIC 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, HOLOGIC autocorrelation shows the relationship between HOLOGIC bond current value and its past values and can show if there is a momentum factor associated with investing in HOLOGIC INC 325.
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 HOLOGIC Bond
HOLOGIC financial ratios help investors to determine whether HOLOGIC 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 HOLOGIC with respect to the benefits of owning HOLOGIC security.