ASTRAZENECA PLC 4 Market Value
| 046353AG3 | 87.05 2.08 2.45% |
| Symbol | ASTRAZENECA |
ASTRAZENECA '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 ASTRAZENECA'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 ASTRAZENECA.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in ASTRAZENECA on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding ASTRAZENECA PLC 4 or generate 0.0% return on investment in ASTRAZENECA over 90 days. ASTRAZENECA is related to or competes with Lindblad Expeditions, Hafnia, Precision Drilling, Transocean, Patterson UTI, Awilco Drilling, and Mesa Air. More
ASTRAZENECA 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 ASTRAZENECA'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 ASTRAZENECA PLC 4 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8238 | |||
| Information Ratio | 0.1757 | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.72 |
ASTRAZENECA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ASTRAZENECA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ASTRAZENECA's standard deviation. In reality, there are many statistical measures that can use ASTRAZENECA historical prices to predict the future ASTRAZENECA's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | 0.2296 | |||
| Sortino Ratio | 0.2437 | |||
| Treynor Ratio | (1.78) |
ASTRAZENECA PLC 4 Backtested Returns
ASTRAZENECA appears to be very steady, given 3 months investment horizon. ASTRAZENECA PLC 4 secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the bond had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ASTRAZENECA PLC 4, which you can use to evaluate the volatility of the entity. Please makes use of ASTRAZENECA's mean deviation of 0.6904, and Risk Adjusted Performance of 0.09 to double-check if our risk estimates are consistent with your expectations. The bond shows a Beta (market volatility) of -0.0582, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ASTRAZENECA are expected to decrease at a much lower rate. During the bear market, ASTRAZENECA is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
ASTRAZENECA PLC 4 has weak reverse predictability. Overlapping area represents the amount of predictability between ASTRAZENECA time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 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 ASTRAZENECA PLC 4 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current ASTRAZENECA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
ASTRAZENECA PLC 4 lagged returns against current returns
Autocorrelation, which is ASTRAZENECA 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 ASTRAZENECA's bond expected returns. We can calculate the autocorrelation of ASTRAZENECA returns to help us make a trade decision. For example, suppose you find that ASTRAZENECA 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 |
ASTRAZENECA 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 ASTRAZENECA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ASTRAZENECA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ASTRAZENECA bond over time.
Current vs Lagged Prices |
| Timeline |
ASTRAZENECA Lagged Returns
When evaluating ASTRAZENECA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ASTRAZENECA bond have on its future price. ASTRAZENECA 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, ASTRAZENECA autocorrelation shows the relationship between ASTRAZENECA bond current value and its past values and can show if there is a momentum factor associated with investing in ASTRAZENECA PLC 4.
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 ASTRAZENECA Bond
ASTRAZENECA financial ratios help investors to determine whether ASTRAZENECA 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 ASTRAZENECA with respect to the benefits of owning ASTRAZENECA security.