O REILLY AUTOMOTIVE Market Value
| 67103HAG2 | 99.15 0.03 0.03% |
| Symbol | 67103HAG2 |
67103HAG2 '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 67103HAG2'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 67103HAG2.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in 67103HAG2 on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding O REILLY AUTOMOTIVE or generate 0.0% return on investment in 67103HAG2 over 90 days. 67103HAG2 is related to or competes with Artisan Partners, Denison Mines, Nexpoint Real, Nasdaq, Joint Corp, Black Spade, and Inflection Point. More
67103HAG2 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 67103HAG2'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 O REILLY AUTOMOTIVE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3008 | |||
| Information Ratio | 0.2726 | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.4507 |
67103HAG2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 67103HAG2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 67103HAG2's standard deviation. In reality, there are many statistical measures that can use 67103HAG2 historical prices to predict the future 67103HAG2's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0053 | |||
| Total Risk Alpha | 0.03 | |||
| Sortino Ratio | 0.2662 | |||
| Treynor Ratio | 3.99 |
O REILLY AUTOMOTIVE Backtested Returns
At this point, 67103HAG2 is very steady. O REILLY AUTOMOTIVE secures Sharpe Ratio (or Efficiency) of 0.0517, which signifies that the bond had a 0.0517 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for O REILLY AUTOMOTIVE, which you can use to evaluate the volatility of the entity. Please confirm 67103HAG2's Coefficient Of Variation of 1933.9, mean deviation of 0.1983, and Market Risk Adjusted Performance of 4.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0152%. The entity shows a Beta (market volatility) of 0.0013, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 67103HAG2's returns are expected to increase less than the market. However, during the bear market, the loss of holding 67103HAG2 is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
O REILLY AUTOMOTIVE has very weak predictability. Overlapping area represents the amount of predictability between 67103HAG2 time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th 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 O REILLY AUTOMOTIVE price movement. The serial correlation of 0.16 indicates that over 16.0% of current 67103HAG2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
O REILLY AUTOMOTIVE lagged returns against current returns
Autocorrelation, which is 67103HAG2 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 67103HAG2's bond expected returns. We can calculate the autocorrelation of 67103HAG2 returns to help us make a trade decision. For example, suppose you find that 67103HAG2 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 |
67103HAG2 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 67103HAG2 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 67103HAG2 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 67103HAG2 bond over time.
Current vs Lagged Prices |
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67103HAG2 Lagged Returns
When evaluating 67103HAG2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 67103HAG2 bond have on its future price. 67103HAG2 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, 67103HAG2 autocorrelation shows the relationship between 67103HAG2 bond current value and its past values and can show if there is a momentum factor associated with investing in O REILLY AUTOMOTIVE.
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 67103HAG2 Bond
67103HAG2 financial ratios help investors to determine whether 67103HAG2 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 67103HAG2 with respect to the benefits of owning 67103HAG2 security.