AUTONATION's market value is the price at which a share of AUTONATION trades on an exchange. It measures the collective expectations of AUTONATION INC 38 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of AUTONATION INC 38 and determine expected loss or profit from investing in AUTONATION over a given investment horizon. Check out AUTONATION Correlation, AUTONATION Volatility and AUTONATION Alpha and Beta module to complement your research on AUTONATION. For information on how to trade AUTONATION Bond refer to our How to Trade AUTONATION Bond guide.
Please note, there is a significant difference between AUTONATION's value and its price as these two are different measures arrived at by different means. Investors typically determine if AUTONATION is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AUTONATION'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.
AUTONATION '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 AUTONATION'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 AUTONATION.
0.00
03/15/2023
No Change 0.00
0.0
In 1 year 9 months and 23 days
01/03/2025
0.00
If you would invest 0.00 in AUTONATION on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding AUTONATION INC 38 or generate 0.0% return on investment in AUTONATION over 660 days. AUTONATION is related to or competes with Chevron Corp, Disney, McDonalds, Home Depot, Exxon, Pfizer, and Coca Cola. More
AUTONATION 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 AUTONATION'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 AUTONATION INC 38 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 AUTONATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AUTONATION's standard deviation. In reality, there are many statistical measures that can use AUTONATION historical prices to predict the future AUTONATION's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AUTONATION. Your research has to be compared to or analyzed against AUTONATION's peers to derive any actionable benefits. When done correctly, AUTONATION'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 AUTONATION INC 38.
AUTONATION INC 38 Backtested Returns
AUTONATION INC 38 secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the bond had a -0.1% return per unit of risk over the last 3 months. AUTONATION INC 38 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AUTONATION's risk adjusted performance of (0.01), and Mean Deviation of 0.9093 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0361, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AUTONATION's returns are expected to increase less than the market. However, during the bear market, the loss of holding AUTONATION is expected to be smaller as well.
Auto-correlation
0.00
No correlation between past and present
AUTONATION INC 38 has no correlation between past and present. Overlapping area represents the amount of predictability between AUTONATION time series from 15th of March 2023 to 8th of February 2024 and 8th of February 2024 to 3rd 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 AUTONATION INC 38 price movement. The serial correlation of 0.0 indicates that just 0.0% of current AUTONATION price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
-0.01
Residual Average
0.0
Price Variance
2.58
AUTONATION INC 38 lagged returns against current returns
Autocorrelation, which is AUTONATION 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 AUTONATION's bond expected returns. We can calculate the autocorrelation of AUTONATION returns to help us make a trade decision. For example, suppose you find that AUTONATION 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
AUTONATION 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 AUTONATION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AUTONATION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AUTONATION bond over time.
Current vs Lagged Prices
Timeline
AUTONATION Lagged Returns
When evaluating AUTONATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AUTONATION bond have on its future price. AUTONATION 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, AUTONATION autocorrelation shows the relationship between AUTONATION bond current value and its past values and can show if there is a momentum factor associated with investing in AUTONATION INC 38.
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.
AUTONATION financial ratios help investors to determine whether AUTONATION 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 AUTONATION with respect to the benefits of owning AUTONATION security.