MARATHON PETE P Market Value
| 56585AAF9 | 106.87 2.90 2.79% |
| Symbol | MARATHON |
MARATHON '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 MARATHON'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 MARATHON.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in MARATHON on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding MARATHON PETE P or generate 0.0% return on investment in MARATHON over 30 days. MARATHON is related to or competes with Loews Corp, Skillful Craftsman, Conifer Holdings,, Afya, and Deluxe. More
MARATHON 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 MARATHON'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 MARATHON PETE P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.0007) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.31 |
MARATHON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MARATHON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MARATHON's standard deviation. In reality, there are many statistical measures that can use MARATHON historical prices to predict the future MARATHON's volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0188 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.0008) | |||
| Treynor Ratio | 0.1159 |
MARATHON PETE P Backtested Returns
At this point, MARATHON is very steady. MARATHON PETE P has Sharpe Ratio of 0.0186, which conveys that the bond had a 0.0186 % return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MARATHON, which you can use to evaluate the volatility of the entity. Please verify MARATHON's Market Risk Adjusted Performance of 0.1259, mean deviation of 0.7526, and Downside Deviation of 1.71 to check out if the risk estimate we provide is consistent with the expected return of 0.034%. The entity secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MARATHON's returns are expected to increase less than the market. However, during the bear market, the loss of holding MARATHON is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
MARATHON PETE P has average predictability. Overlapping area represents the amount of predictability between MARATHON time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 MARATHON PETE P price movement. The serial correlation of 0.41 indicates that just about 41.0% of current MARATHON price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 6.8 |
MARATHON PETE P lagged returns against current returns
Autocorrelation, which is MARATHON 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 MARATHON's bond expected returns. We can calculate the autocorrelation of MARATHON returns to help us make a trade decision. For example, suppose you find that MARATHON 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 |
MARATHON 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 MARATHON bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MARATHON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MARATHON bond over time.
Current vs Lagged Prices |
| Timeline |
MARATHON Lagged Returns
When evaluating MARATHON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MARATHON bond have on its future price. MARATHON 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, MARATHON autocorrelation shows the relationship between MARATHON bond current value and its past values and can show if there is a momentum factor associated with investing in MARATHON PETE P.
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 MARATHON Bond
MARATHON financial ratios help investors to determine whether MARATHON 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 MARATHON with respect to the benefits of owning MARATHON security.