AETNA INC 7625 Market Value
| 008117AH6 | 109.46 4.46 4.25% |
| Symbol | AETNA |
AETNA '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 AETNA'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 AETNA.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in AETNA on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding AETNA INC 7625 or generate 0.0% return on investment in AETNA over 30 days. AETNA is related to or competes with Insteel Industries, Lion One, SNDL, Brandywine Realty, Highway Holdings, and Summit Materials. More
AETNA 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 AETNA'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 AETNA INC 7625 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7916 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.33 |
AETNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AETNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AETNA's standard deviation. In reality, there are many statistical measures that can use AETNA historical prices to predict the future AETNA's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.70) |
AETNA INC 7625 Backtested Returns
At this point, AETNA is very steady. AETNA INC 7625 secures Sharpe Ratio (or Efficiency) of 0.0933, which signifies that the bond had a 0.0933% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for AETNA INC 7625, which you can use to evaluate the volatility of the entity. Please confirm AETNA's mean deviation of 0.7071, and Risk Adjusted Performance of 0.0415 to double-check if the risk estimate we provide is consistent with the expected return of 0.0942%. The bond shows a Beta (market volatility) of -0.0635, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AETNA are expected to decrease at a much lower rate. During the bear market, AETNA is likely to outperform the market.
Auto-correlation | -0.63 |
Very good reverse predictability
AETNA INC 7625 has very good reverse predictability. Overlapping area represents the amount of predictability between AETNA time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 AETNA INC 7625 price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current AETNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
AETNA INC 7625 lagged returns against current returns
Autocorrelation, which is AETNA 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 AETNA's bond expected returns. We can calculate the autocorrelation of AETNA returns to help us make a trade decision. For example, suppose you find that AETNA 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 |
AETNA 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 AETNA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AETNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AETNA bond over time.
Current vs Lagged Prices |
| Timeline |
AETNA Lagged Returns
When evaluating AETNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AETNA bond have on its future price. AETNA 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, AETNA autocorrelation shows the relationship between AETNA bond current value and its past values and can show if there is a momentum factor associated with investing in AETNA INC 7625.
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 AETNA Bond
AETNA financial ratios help investors to determine whether AETNA 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 AETNA with respect to the benefits of owning AETNA security.