AETNA's market value is the price at which a share of AETNA trades on an exchange. It measures the collective expectations of AETNA INC 7625 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of AETNA INC 7625 and determine expected loss or profit from investing in AETNA over a given investment horizon. Check out AETNA Correlation, AETNA Volatility and AETNA Alpha and Beta module to complement your research on AETNA.
Please note, there is a significant difference between AETNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if AETNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AETNA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AETNA. Your research has to be compared to or analyzed against AETNA's peers to derive any actionable benefits. When done correctly, AETNA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AETNA INC 7625.
AETNA INC 7625 Backtested Returns
AETNA INC 7625 secures Sharpe Ratio (or Efficiency) of -0.0136, which signifies that the bond had a -0.0136% return per unit of risk over the last 3 months. AETNA INC 7625 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AETNA's risk adjusted performance of 0.0568, and Mean Deviation of 0.846 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AETNA's returns are expected to increase less than the market. However, during the bear market, the loss of holding AETNA is expected to be smaller as well.
Auto-correlation
0.12
Insignificant predictability
AETNA INC 7625 has insignificant predictability. Overlapping area represents the amount of predictability between AETNA time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 AETNA INC 7625 price movement. The serial correlation of 0.12 indicates that less than 12.0% of current AETNA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.12
Spearman Rank Test
-0.1
Residual Average
0.0
Price Variance
5.19
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.
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.