MCKESSON P NEW Market Value
| 581557BJ3 | 98.02 0.15 0.15% |
| Symbol | MCKESSON |
MCKESSON '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 MCKESSON'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 MCKESSON.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in MCKESSON on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding MCKESSON P NEW or generate 0.0% return on investment in MCKESSON over 180 days. MCKESSON is related to or competes with Village Super, Hf Foods, Marfrig Global, LENSAR, Where Food, Cardinal Health, and NH Foods. More
MCKESSON 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 MCKESSON'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 MCKESSON P NEW upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3682 |
MCKESSON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MCKESSON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MCKESSON's standard deviation. In reality, there are many statistical measures that can use MCKESSON historical prices to predict the future MCKESSON's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.84) |
MCKESSON P NEW Backtested Returns
MCKESSON P NEW has Sharpe Ratio of -0.16, which conveys that the bond had a -0.16% return per unit of volatility over the last 3 months. MCKESSON exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MCKESSON's Standard Deviation of 0.837, market risk adjusted performance of (0.83), and Mean Deviation of 0.3426 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.0491, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MCKESSON's returns are expected to increase less than the market. However, during the bear market, the loss of holding MCKESSON is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
MCKESSON P NEW has very good reverse predictability. Overlapping area represents the amount of predictability between MCKESSON time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 MCKESSON P NEW price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current MCKESSON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
MCKESSON P NEW lagged returns against current returns
Autocorrelation, which is MCKESSON 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 MCKESSON's bond expected returns. We can calculate the autocorrelation of MCKESSON returns to help us make a trade decision. For example, suppose you find that MCKESSON 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 |
MCKESSON 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 MCKESSON bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MCKESSON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MCKESSON bond over time.
Current vs Lagged Prices |
| Timeline |
MCKESSON Lagged Returns
When evaluating MCKESSON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MCKESSON bond have on its future price. MCKESSON 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, MCKESSON autocorrelation shows the relationship between MCKESSON bond current value and its past values and can show if there is a momentum factor associated with investing in MCKESSON P NEW.
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 MCKESSON Bond
MCKESSON financial ratios help investors to determine whether MCKESSON 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 MCKESSON with respect to the benefits of owning MCKESSON security.