PRAXAIR's market value is the price at which a share of PRAXAIR trades on an exchange. It measures the collective expectations of PRAXAIR INC 32 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of PRAXAIR INC 32 and determine expected loss or profit from investing in PRAXAIR over a given investment horizon. Check out PRAXAIR Correlation, PRAXAIR Volatility and PRAXAIR Alpha and Beta module to complement your research on PRAXAIR.
Please note, there is a significant difference between PRAXAIR's value and its price as these two are different measures arrived at by different means. Investors typically determine if PRAXAIR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PRAXAIR'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.
PRAXAIR '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 PRAXAIR'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 PRAXAIR.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PRAXAIR'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 PRAXAIR INC 32 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 PRAXAIR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PRAXAIR's standard deviation. In reality, there are many statistical measures that can use PRAXAIR historical prices to predict the future PRAXAIR's volatility.
PRAXAIR INC 32 retains Efficiency (Sharpe Ratio) of -0.12, which implies the entity had a -0.12% return per unit of risk over the last 3 months. PRAXAIR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PRAXAIR's market risk adjusted performance of 0.6181, and Coefficient Of Variation of (868.96) to confirm the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0762, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PRAXAIR are expected to decrease at a much lower rate. During the bear market, PRAXAIR is likely to outperform the market.
Auto-correlation
-0.27
Weak reverse predictability
PRAXAIR INC 32 has weak reverse predictability. Overlapping area represents the amount of predictability between PRAXAIR time series from 9th of July 2024 to 7th of October 2024 and 7th of October 2024 to 5th 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 PRAXAIR INC 32 price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current PRAXAIR price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.19
Residual Average
0.0
Price Variance
0.13
PRAXAIR INC 32 lagged returns against current returns
Autocorrelation, which is PRAXAIR 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 PRAXAIR's bond expected returns. We can calculate the autocorrelation of PRAXAIR returns to help us make a trade decision. For example, suppose you find that PRAXAIR 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
PRAXAIR 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 PRAXAIR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PRAXAIR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PRAXAIR bond over time.
Current vs Lagged Prices
Timeline
PRAXAIR Lagged Returns
When evaluating PRAXAIR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PRAXAIR bond have on its future price. PRAXAIR 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, PRAXAIR autocorrelation shows the relationship between PRAXAIR bond current value and its past values and can show if there is a momentum factor associated with investing in PRAXAIR INC 32.
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.
PRAXAIR financial ratios help investors to determine whether PRAXAIR 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 PRAXAIR with respect to the benefits of owning PRAXAIR security.