Allison Transmission 5875 Market Value
| 019736AF4 | 98.98 0.44 0.44% |
| Symbol | Allison |
Allison '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 Allison'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 Allison.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Allison on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Allison Transmission 5875 or generate 0.0% return on investment in Allison over 30 days. Allison is related to or competes with Western Digital, Anterix, Everus Construction, ChampionX, Reservoir Media, Stratasys, and Dream Finders. More
Allison 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 Allison'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 Allison Transmission 5875 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.7309 |
Allison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allison's standard deviation. In reality, there are many statistical measures that can use Allison historical prices to predict the future Allison's volatility.| Risk Adjusted Performance | 0.002 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.0617 |
Allison Transmission 5875 Backtested Returns
Allison Transmission 5875 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. Allison Transmission 5875 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allison's Standard Deviation of 2.03, mean deviation of 0.6964, and Risk Adjusted Performance of 0.002 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Allison are expected to decrease at a much lower rate. During the bear market, Allison is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Allison Transmission 5875 has good reverse predictability. Overlapping area represents the amount of predictability between Allison time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Allison Transmission 5875 price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Allison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Allison Transmission 5875 lagged returns against current returns
Autocorrelation, which is Allison 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 Allison's bond expected returns. We can calculate the autocorrelation of Allison returns to help us make a trade decision. For example, suppose you find that Allison 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 |
Allison 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 Allison bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allison bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allison bond over time.
Current vs Lagged Prices |
| Timeline |
Allison Lagged Returns
When evaluating Allison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allison bond have on its future price. Allison 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, Allison autocorrelation shows the relationship between Allison bond current value and its past values and can show if there is a momentum factor associated with investing in Allison Transmission 5875.
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 Allison Bond
Allison financial ratios help investors to determine whether Allison 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 Allison with respect to the benefits of owning Allison security.