MEDTRONIC INC 4375 Market Value
| 585055BT2 | 95.31 0.36 0.38% |
| Symbol | MEDTRONIC |
MEDTRONIC '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 MEDTRONIC'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 MEDTRONIC.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in MEDTRONIC on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding MEDTRONIC INC 4375 or generate 0.0% return on investment in MEDTRONIC over 90 days. MEDTRONIC is related to or competes with National CineMedia, United Homes, Invitation Homes, HomeTrust Bancshares,, Alexandria Real, and Vornado Realty. More
MEDTRONIC 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 MEDTRONIC'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 MEDTRONIC INC 4375 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.06 |
MEDTRONIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MEDTRONIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MEDTRONIC's standard deviation. In reality, there are many statistical measures that can use MEDTRONIC historical prices to predict the future MEDTRONIC's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0835 | |||
| Treynor Ratio | (0.96) |
MEDTRONIC INC 4375 Backtested Returns
At this point, MEDTRONIC is very steady. MEDTRONIC INC 4375 has Sharpe Ratio of 0.0168, which conveys that the entity had a 0.0168 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for MEDTRONIC, which you can use to evaluate the volatility of the bond. Please verify MEDTRONIC's mean deviation of 0.6832, and Risk Adjusted Performance of (0.07) to check out if the risk estimate we provide is consistent with the expected return of 0.0105%. The bond secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MEDTRONIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding MEDTRONIC is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
MEDTRONIC INC 4375 has weak reverse predictability. Overlapping area represents the amount of predictability between MEDTRONIC time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 MEDTRONIC INC 4375 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current MEDTRONIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
MEDTRONIC INC 4375 lagged returns against current returns
Autocorrelation, which is MEDTRONIC 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 MEDTRONIC's bond expected returns. We can calculate the autocorrelation of MEDTRONIC returns to help us make a trade decision. For example, suppose you find that MEDTRONIC 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 |
MEDTRONIC 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 MEDTRONIC bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MEDTRONIC bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MEDTRONIC bond over time.
Current vs Lagged Prices |
| Timeline |
MEDTRONIC Lagged Returns
When evaluating MEDTRONIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MEDTRONIC bond have on its future price. MEDTRONIC 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, MEDTRONIC autocorrelation shows the relationship between MEDTRONIC bond current value and its past values and can show if there is a momentum factor associated with investing in MEDTRONIC INC 4375.
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 MEDTRONIC Bond
MEDTRONIC financial ratios help investors to determine whether MEDTRONIC 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 MEDTRONIC with respect to the benefits of owning MEDTRONIC security.