HONEYWELL's market value is the price at which a share of HONEYWELL trades on an exchange. It measures the collective expectations of HONEYWELL INTERNATIONAL INC investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of HONEYWELL INTERNATIONAL INC and determine expected loss or profit from investing in HONEYWELL over a given investment horizon. Check out HONEYWELL Correlation, HONEYWELL Volatility and HONEYWELL Alpha and Beta module to complement your research on HONEYWELL.
Please note, there is a significant difference between HONEYWELL's value and its price as these two are different measures arrived at by different means. Investors typically determine if HONEYWELL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HONEYWELL'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.
HONEYWELL '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 HONEYWELL'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 HONEYWELL.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HONEYWELL'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 HONEYWELL INTERNATIONAL INC 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 HONEYWELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HONEYWELL's standard deviation. In reality, there are many statistical measures that can use HONEYWELL historical prices to predict the future HONEYWELL's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HONEYWELL. Your research has to be compared to or analyzed against HONEYWELL's peers to derive any actionable benefits. When done correctly, HONEYWELL'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 HONEYWELL INTERNATIONAL.
HONEYWELL INTERNATIONAL Backtested Returns
HONEYWELL INTERNATIONAL holds Efficiency (Sharpe) Ratio of -0.0029, which attests that the entity had a -0.0029% return per unit of volatility over the last 3 months. HONEYWELL INTERNATIONAL exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HONEYWELL's risk adjusted performance of 0.0091, and Market Risk Adjusted Performance of 0.0171 to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HONEYWELL are expected to decrease at a much lower rate. During the bear market, HONEYWELL is likely to outperform the market.
Auto-correlation
0.53
Modest predictability
HONEYWELL INTERNATIONAL INC has modest predictability. Overlapping area represents the amount of predictability between HONEYWELL time series from 14th of January 2023 to 9th of January 2024 and 9th of January 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 HONEYWELL INTERNATIONAL price movement. The serial correlation of 0.53 indicates that about 53.0% of current HONEYWELL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.53
Spearman Rank Test
0.53
Residual Average
0.0
Price Variance
1.16
HONEYWELL INTERNATIONAL lagged returns against current returns
Autocorrelation, which is HONEYWELL 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 HONEYWELL's bond expected returns. We can calculate the autocorrelation of HONEYWELL returns to help us make a trade decision. For example, suppose you find that HONEYWELL 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
HONEYWELL 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 HONEYWELL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HONEYWELL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HONEYWELL bond over time.
Current vs Lagged Prices
Timeline
HONEYWELL Lagged Returns
When evaluating HONEYWELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HONEYWELL bond have on its future price. HONEYWELL 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, HONEYWELL autocorrelation shows the relationship between HONEYWELL bond current value and its past values and can show if there is a momentum factor associated with investing in HONEYWELL INTERNATIONAL 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.
HONEYWELL financial ratios help investors to determine whether HONEYWELL 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 HONEYWELL with respect to the benefits of owning HONEYWELL security.