ABBVIE INC Market Value
| 00287YCY3 | 95.32 0.29 0.31% |
| Symbol | ABBVIE |
ABBVIE '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 ABBVIE'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 ABBVIE.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in ABBVIE on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding ABBVIE INC or generate 0.0% return on investment in ABBVIE over 720 days. ABBVIE is related to or competes with Perseus Mining, Vulcan Materials, Yum Brands, Denison Mines, Mako Mining, and Chipotle Mexican. More
ABBVIE 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 ABBVIE'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 ABBVIE INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 0.8811 |
ABBVIE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ABBVIE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ABBVIE's standard deviation. In reality, there are many statistical measures that can use ABBVIE historical prices to predict the future ABBVIE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.09) |
ABBVIE INC Backtested Returns
At this point, ABBVIE is very steady. ABBVIE INC retains Efficiency (Sharpe Ratio) of close to zero, which signifies that the bond had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for ABBVIE, which you can use to evaluate the volatility of the entity. Please confirm ABBVIE's market risk adjusted performance of (0.08), and Variance of 0.3306 to double-check if the risk estimate we provide is consistent with the expected return of 1.0E-4%. The entity owns a Beta (Systematic Risk) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABBVIE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABBVIE is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
ABBVIE INC has very good reverse predictability. Overlapping area represents the amount of predictability between ABBVIE time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ABBVIE INC price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current ABBVIE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 4.56 |
ABBVIE INC lagged returns against current returns
Autocorrelation, which is ABBVIE 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 ABBVIE's bond expected returns. We can calculate the autocorrelation of ABBVIE returns to help us make a trade decision. For example, suppose you find that ABBVIE 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 |
ABBVIE 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 ABBVIE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ABBVIE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ABBVIE bond over time.
Current vs Lagged Prices |
| Timeline |
ABBVIE Lagged Returns
When evaluating ABBVIE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ABBVIE bond have on its future price. ABBVIE 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, ABBVIE autocorrelation shows the relationship between ABBVIE bond current value and its past values and can show if there is a momentum factor associated with investing in ABBVIE INC.
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 ABBVIE Bond
ABBVIE financial ratios help investors to determine whether ABBVIE 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 ABBVIE with respect to the benefits of owning ABBVIE security.