MACYS RETAIL HLDGS Market Value
| 55616XAJ6 | 68.25 1.60 2.29% |
| Symbol | MACYS |
MACYS '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 MACYS'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 MACYS.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in MACYS on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding MACYS RETAIL HLDGS or generate 0.0% return on investment in MACYS over 720 days. MACYS is related to or competes with Nabors Industries, Marfrig Global, Solstad Offshore, Where Food, and BBB Foods. More
MACYS 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 MACYS'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 MACYS RETAIL HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.08 | |||
| Information Ratio | 0.0121 | |||
| Maximum Drawdown | 44.45 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.52 |
MACYS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MACYS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MACYS's standard deviation. In reality, there are many statistical measures that can use MACYS historical prices to predict the future MACYS's volatility.| Risk Adjusted Performance | 0.0228 | |||
| Jensen Alpha | 0.0718 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.1201 |
MACYS RETAIL HLDGS Backtested Returns
MACYS RETAIL HLDGS retains Efficiency (Sharpe Ratio) of -0.0179, which conveys that the bond had a -0.0179% return per unit of risk over the last 3 months. MACYS exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MACYS's Semi Deviation of 4.82, mean deviation of 2.27, and Market Risk Adjusted Performance of 0.1301 to check out the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MACYS's returns are expected to increase less than the market. However, during the bear market, the loss of holding MACYS is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
MACYS RETAIL HLDGS has insignificant predictability. Overlapping area represents the amount of predictability between MACYS time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 MACYS RETAIL HLDGS price movement. The serial correlation of 0.1 indicates that less than 10.0% of current MACYS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 21.67 |
MACYS RETAIL HLDGS lagged returns against current returns
Autocorrelation, which is MACYS 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 MACYS's bond expected returns. We can calculate the autocorrelation of MACYS returns to help us make a trade decision. For example, suppose you find that MACYS 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 |
MACYS 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 MACYS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MACYS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MACYS bond over time.
Current vs Lagged Prices |
| Timeline |
MACYS Lagged Returns
When evaluating MACYS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MACYS bond have on its future price. MACYS 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, MACYS autocorrelation shows the relationship between MACYS bond current value and its past values and can show if there is a momentum factor associated with investing in MACYS RETAIL HLDGS.
Regressed Prices |
| Timeline |
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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 MACYS Bond
MACYS financial ratios help investors to determine whether MACYS 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 MACYS with respect to the benefits of owning MACYS security.