SNAP ON INC Market Value
| 833034AL5 | 81.80 3.31 3.89% |
| Symbol | 833034AL5 |
833034AL5 '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 833034AL5'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 833034AL5.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in 833034AL5 on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding SNAP ON INC or generate 0.0% return on investment in 833034AL5 over 30 days. 833034AL5 is related to or competes with IPG Photonics, Zhihu, Allient, Dave Busters, National CineMedia, NETGEAR, and NextNav Warrant. More
833034AL5 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 833034AL5'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 SNAP ON INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.16 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.94 |
833034AL5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 833034AL5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 833034AL5's standard deviation. In reality, there are many statistical measures that can use 833034AL5 historical prices to predict the future 833034AL5's volatility.| Risk Adjusted Performance | 0.0187 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0666 |
SNAP ON INC Backtested Returns
SNAP ON INC retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the bond had a -0.13% return per unit of price deviation over the last 3 months. 833034AL5 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 833034AL5's Risk Adjusted Performance of 0.0187, semi deviation of 2.68, and Coefficient Of Variation of 6454.62 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 833034AL5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 833034AL5 is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
SNAP ON INC has insignificant reverse predictability. Overlapping area represents the amount of predictability between 833034AL5 time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 SNAP ON INC price movement. The serial correlation of -0.2 indicates that over 20.0% of current 833034AL5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
SNAP ON INC lagged returns against current returns
Autocorrelation, which is 833034AL5 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 833034AL5's bond expected returns. We can calculate the autocorrelation of 833034AL5 returns to help us make a trade decision. For example, suppose you find that 833034AL5 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 |
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833034AL5 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 833034AL5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 833034AL5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 833034AL5 bond over time.
Current vs Lagged Prices |
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833034AL5 Lagged Returns
When evaluating 833034AL5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 833034AL5 bond have on its future price. 833034AL5 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, 833034AL5 autocorrelation shows the relationship between 833034AL5 bond current value and its past values and can show if there is a momentum factor associated with investing in SNAP ON INC.
Regressed Prices |
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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 833034AL5 Bond
833034AL5 financial ratios help investors to determine whether 833034AL5 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 833034AL5 with respect to the benefits of owning 833034AL5 security.