STORE CAP P Market Value
| 862121AA8 | 98.37 0.97 1.00% |
| Symbol | STORE |
STORE '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 STORE'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 STORE.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in STORE on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding STORE CAP P or generate 0.0% return on investment in STORE over 30 days. STORE is related to or competes with Burlington Stores, PVH Corp, American Eagle, Dalata Hotel, Zumiez, Ark Restaurants, and Playa Hotels. More
STORE 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 STORE'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 STORE CAP P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.01 |
STORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STORE's standard deviation. In reality, there are many statistical measures that can use STORE historical prices to predict the future STORE's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.5463 |
STORE CAP P Backtested Returns
STORE CAP P owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the bond had a -0.14% return per unit of standard deviation over the last 3 months. STORE CAP P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STORE's variance of 3.75, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning STORE are expected to decrease at a much lower rate. During the bear market, STORE is likely to outperform the market.
Auto-correlation | -0.64 |
Very good reverse predictability
STORE CAP P has very good reverse predictability. Overlapping area represents the amount of predictability between STORE time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 STORE CAP P price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current STORE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
STORE CAP P lagged returns against current returns
Autocorrelation, which is STORE 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 STORE's bond expected returns. We can calculate the autocorrelation of STORE returns to help us make a trade decision. For example, suppose you find that STORE 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 |
STORE 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 STORE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STORE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STORE bond over time.
Current vs Lagged Prices |
| Timeline |
STORE Lagged Returns
When evaluating STORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STORE bond have on its future price. STORE 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, STORE autocorrelation shows the relationship between STORE bond current value and its past values and can show if there is a momentum factor associated with investing in STORE CAP P.
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 STORE Bond
STORE financial ratios help investors to determine whether STORE 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 STORE with respect to the benefits of owning STORE security.