CONSTELLATION BRANDS INC Market Value
| 21036PAY4 | 94.95 0.00 0.00% |
| Symbol | CONSTELLATION |
CONSTELLATION '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 CONSTELLATION'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 CONSTELLATION.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in CONSTELLATION on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding CONSTELLATION BRANDS INC or generate 0.0% return on investment in CONSTELLATION over 180 days. CONSTELLATION is related to or competes with Cannae Holdings, First Watch, Skechers USA, HNI Corp, Mativ Holdings, and Sweetgreen. More
CONSTELLATION 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 CONSTELLATION'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 CONSTELLATION BRANDS INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 35.32 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 2.51 |
CONSTELLATION Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONSTELLATION's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONSTELLATION's standard deviation. In reality, there are many statistical measures that can use CONSTELLATION historical prices to predict the future CONSTELLATION's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0086 |
CONSTELLATION BRANDS INC Backtested Returns
CONSTELLATION BRANDS INC secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. CONSTELLATION BRANDS INC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CONSTELLATION's risk adjusted performance of 0.0112, and Mean Deviation of 1.07 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CONSTELLATION's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONSTELLATION is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
CONSTELLATION BRANDS INC has very good reverse predictability. Overlapping area represents the amount of predictability between CONSTELLATION time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 CONSTELLATION BRANDS INC price movement. The serial correlation of -0.68 indicates that around 68.0% of current CONSTELLATION price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
CONSTELLATION BRANDS INC lagged returns against current returns
Autocorrelation, which is CONSTELLATION 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 CONSTELLATION's bond expected returns. We can calculate the autocorrelation of CONSTELLATION returns to help us make a trade decision. For example, suppose you find that CONSTELLATION 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 |
CONSTELLATION 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 CONSTELLATION bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONSTELLATION bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONSTELLATION bond over time.
Current vs Lagged Prices |
| Timeline |
CONSTELLATION Lagged Returns
When evaluating CONSTELLATION's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONSTELLATION bond have on its future price. CONSTELLATION 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, CONSTELLATION autocorrelation shows the relationship between CONSTELLATION bond current value and its past values and can show if there is a momentum factor associated with investing in CONSTELLATION BRANDS 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 CONSTELLATION Bond
CONSTELLATION financial ratios help investors to determine whether CONSTELLATION 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 CONSTELLATION with respect to the benefits of owning CONSTELLATION security.