SALESFORCECOM INC Market Value
| 79466LAL8 | 68.02 3.56 5.52% |
| Symbol | SALESFORCECOM |
SALESFORCECOM '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 SALESFORCECOM'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 SALESFORCECOM.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in SALESFORCECOM on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding SALESFORCECOM INC or generate 0.0% return on investment in SALESFORCECOM over 240 days. SALESFORCECOM is related to or competes with 00108WAF7, 90331HPL1, Brightsphere Investment, Neurocrine Biosciences, Alphabet, Saipem SpA, and Bristol Myers. More
SALESFORCECOM 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 SALESFORCECOM'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 SALESFORCECOM INC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.86 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.7 |
SALESFORCECOM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SALESFORCECOM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SALESFORCECOM's standard deviation. In reality, there are many statistical measures that can use SALESFORCECOM historical prices to predict the future SALESFORCECOM's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1131 |
SALESFORCECOM INC Backtested Returns
At this point, SALESFORCECOM is very steady. SALESFORCECOM INC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.006, which indicates the bond had a 0.006% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for SALESFORCECOM INC, which you can use to evaluate the volatility of the entity. Please validate SALESFORCECOM's Market Risk Adjusted Performance of 0.1231, downside deviation of 2.32, and Risk Adjusted Performance of 0.0074 to confirm if the risk estimate we provide is consistent with the expected return of 0.0074%. The entity has a beta of -0.088, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SALESFORCECOM are expected to decrease at a much lower rate. During the bear market, SALESFORCECOM is likely to outperform the market.
Auto-correlation | -0.33 |
Poor reverse predictability
SALESFORCECOM INC has poor reverse predictability. Overlapping area represents the amount of predictability between SALESFORCECOM 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 SALESFORCECOM INC price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current SALESFORCECOM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
SALESFORCECOM INC lagged returns against current returns
Autocorrelation, which is SALESFORCECOM 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 SALESFORCECOM's bond expected returns. We can calculate the autocorrelation of SALESFORCECOM returns to help us make a trade decision. For example, suppose you find that SALESFORCECOM 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 |
SALESFORCECOM 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 SALESFORCECOM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SALESFORCECOM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SALESFORCECOM bond over time.
Current vs Lagged Prices |
| Timeline |
SALESFORCECOM Lagged Returns
When evaluating SALESFORCECOM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SALESFORCECOM bond have on its future price. SALESFORCECOM 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, SALESFORCECOM autocorrelation shows the relationship between SALESFORCECOM bond current value and its past values and can show if there is a momentum factor associated with investing in SALESFORCECOM 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 SALESFORCECOM Bond
SALESFORCECOM financial ratios help investors to determine whether SALESFORCECOM 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 SALESFORCECOM with respect to the benefits of owning SALESFORCECOM security.