L3HARRIS TECHNOLOGIES INC Market Value
| 502431AM1 | 96.98 1.14 1.16% |
| Symbol | L3HARRIS |
L3HARRIS '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 L3HARRIS'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 L3HARRIS.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in L3HARRIS on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding L3HARRIS TECHNOLOGIES INC or generate 0.0% return on investment in L3HARRIS over 240 days. L3HARRIS is related to or competes with Arrow Electronics, Grupo Televisa, U Power, Pinterest, BCE, Magna International, and Asure Software. More
L3HARRIS 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 L3HARRIS'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 L3HARRIS TECHNOLOGIES INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.5713 |
L3HARRIS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for L3HARRIS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as L3HARRIS's standard deviation. In reality, there are many statistical measures that can use L3HARRIS historical prices to predict the future L3HARRIS's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.64) |
L3HARRIS TECHNOLOGIES INC Backtested Returns
L3HARRIS TECHNOLOGIES INC has Sharpe Ratio of -0.25, which conveys that the bond had a -0.25% return per unit of risk over the last 3 months. L3HARRIS exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify L3HARRIS's Mean Deviation of 0.3099, standard deviation of 0.5898, and Coefficient Of Variation of (1,090) to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.0997, which conveys not very significant fluctuations relative to the market. As returns on the market increase, L3HARRIS's returns are expected to increase less than the market. However, during the bear market, the loss of holding L3HARRIS is expected to be smaller as well.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
L3HARRIS TECHNOLOGIES INC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between L3HARRIS time series from 27th of April 2024 to 25th of August 2024 and 25th of August 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 L3HARRIS TECHNOLOGIES INC price movement. The serial correlation of -0.73 indicates that around 73.0% of current L3HARRIS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
L3HARRIS TECHNOLOGIES INC lagged returns against current returns
Autocorrelation, which is L3HARRIS 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 L3HARRIS's bond expected returns. We can calculate the autocorrelation of L3HARRIS returns to help us make a trade decision. For example, suppose you find that L3HARRIS 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 |
L3HARRIS 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 L3HARRIS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if L3HARRIS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in L3HARRIS bond over time.
Current vs Lagged Prices |
| Timeline |
L3HARRIS Lagged Returns
When evaluating L3HARRIS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of L3HARRIS bond have on its future price. L3HARRIS 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, L3HARRIS autocorrelation shows the relationship between L3HARRIS bond current value and its past values and can show if there is a momentum factor associated with investing in L3HARRIS TECHNOLOGIES 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 L3HARRIS Bond
L3HARRIS financial ratios help investors to determine whether L3HARRIS 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 L3HARRIS with respect to the benefits of owning L3HARRIS security.