BOOKING HOLDINGS INC Market Value
| 09857LAR9 | 96.90 2.18 2.20% |
| Symbol | BOOKING |
BOOKING '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 BOOKING'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 BOOKING.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in BOOKING on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding BOOKING HOLDINGS INC or generate 0.0% return on investment in BOOKING over 30 days. BOOKING is related to or competes with Harmony Gold, Harmony Gold, Summa Silver, Western Copper, Summit Materials, Stepan, and Marine Products. More
BOOKING 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 BOOKING'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 BOOKING HOLDINGS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.58 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.5931 |
BOOKING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOOKING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOOKING's standard deviation. In reality, there are many statistical measures that can use BOOKING historical prices to predict the future BOOKING's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 1.12 |
BOOKING HOLDINGS INC Backtested Returns
BOOKING HOLDINGS INC secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the bond had a -0.22% return per unit of risk over the last 3 months. BOOKING HOLDINGS INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BOOKING's mean deviation of 0.3228, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0866, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BOOKING are expected to decrease at a much lower rate. During the bear market, BOOKING is likely to outperform the market.
Auto-correlation | -0.81 |
Excellent reverse predictability
BOOKING HOLDINGS INC has excellent reverse predictability. Overlapping area represents the amount of predictability between BOOKING time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 BOOKING HOLDINGS INC price movement. The serial correlation of -0.81 indicates that around 81.0% of current BOOKING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
BOOKING HOLDINGS INC lagged returns against current returns
Autocorrelation, which is BOOKING 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 BOOKING's bond expected returns. We can calculate the autocorrelation of BOOKING returns to help us make a trade decision. For example, suppose you find that BOOKING 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 |
BOOKING 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 BOOKING bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOOKING bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOOKING bond over time.
Current vs Lagged Prices |
| Timeline |
BOOKING Lagged Returns
When evaluating BOOKING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOOKING bond have on its future price. BOOKING 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, BOOKING autocorrelation shows the relationship between BOOKING bond current value and its past values and can show if there is a momentum factor associated with investing in BOOKING HOLDINGS INC.
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 BOOKING Bond
BOOKING financial ratios help investors to determine whether BOOKING 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 BOOKING with respect to the benefits of owning BOOKING security.