ASTRAZENECA PLC 4375 Market Value
| 046353AU2 | 87.06 0.21 0.24% |
| 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.
| 12/21/2024 |
| 03/21/2025 |
If you would invest 0.00 in ASTRAZENECA on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding ASTRAZENECA PLC 4375 or generate 0.0% return on investment in ASTRAZENECA over 90 days. ASTRAZENECA is related to or competes with Tyson Foods, EMCOR, Diamond Estates, Primo Brands, and Highway Holdings. 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 4375 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1334 | |||
| Maximum Drawdown | 4.96 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.99 |
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 | 0.0657 | |||
| Jensen Alpha | 0.0611 | |||
| Total Risk Alpha | 0.1561 | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | (0.91) |
ASTRAZENECA PLC 4375 Backtested Returns
At this point, ASTRAZENECA is very steady. ASTRAZENECA PLC 4375 secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the bond had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ASTRAZENECA PLC 4375, which you can use to evaluate the volatility of the entity. Please confirm ASTRAZENECA's risk adjusted performance of 0.0657, and Mean Deviation of 0.7863 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. The bond shows a Beta (market volatility) of -0.0734, 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 | 0.38 |
Below average predictability
ASTRAZENECA PLC 4375 has below average predictability. Overlapping area represents the amount of predictability between ASTRAZENECA time series from 21st of December 2024 to 4th of February 2025 and 4th of February 2025 to 21st 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 4375 price movement. The serial correlation of 0.38 indicates that just about 38.0% of current ASTRAZENECA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
ASTRAZENECA PLC 4375 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 4375.
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.