WALGREENS BOOTS ALLIANCE Market Value
| 931427AR9 | 81.43 15.21 22.97% |
| Symbol | WALGREENS |
WALGREENS '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 WALGREENS'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 WALGREENS.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in WALGREENS on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding WALGREENS BOOTS ALLIANCE or generate 0.0% return on investment in WALGREENS over 480 days. WALGREENS is related to or competes with Playtika Holding, Emerson Radio, Hasbro, Dave Busters, Planet Fitness, Sphere Entertainment, and Marine Products. More
WALGREENS 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 WALGREENS'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 WALGREENS BOOTS ALLIANCE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 2.59 |
WALGREENS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WALGREENS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WALGREENS's standard deviation. In reality, there are many statistical measures that can use WALGREENS historical prices to predict the future WALGREENS's volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.3943 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0966 | |||
| Treynor Ratio | (0.38) |
WALGREENS BOOTS ALLIANCE Backtested Returns
WALGREENS appears to be very steady, given 3 months investment horizon. WALGREENS BOOTS ALLIANCE shows Sharpe Ratio of 0.12, which attests that the bond had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for WALGREENS BOOTS ALLIANCE, which you can use to evaluate the volatility of the entity. Please utilize WALGREENS's Risk Adjusted Performance of 0.0635, downside deviation of 1.94, and Mean Deviation of 1.87 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WALGREENS are expected to decrease at a much lower rate. During the bear market, WALGREENS is likely to outperform the market.
Auto-correlation | -0.86 |
Excellent reverse predictability
WALGREENS BOOTS ALLIANCE has excellent reverse predictability. Overlapping area represents the amount of predictability between WALGREENS time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 WALGREENS BOOTS ALLIANCE price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current WALGREENS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 47.1 |
WALGREENS BOOTS ALLIANCE lagged returns against current returns
Autocorrelation, which is WALGREENS 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 WALGREENS's bond expected returns. We can calculate the autocorrelation of WALGREENS returns to help us make a trade decision. For example, suppose you find that WALGREENS 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 |
WALGREENS 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 WALGREENS bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WALGREENS bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WALGREENS bond over time.
Current vs Lagged Prices |
| Timeline |
WALGREENS Lagged Returns
When evaluating WALGREENS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WALGREENS bond have on its future price. WALGREENS 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, WALGREENS autocorrelation shows the relationship between WALGREENS bond current value and its past values and can show if there is a momentum factor associated with investing in WALGREENS BOOTS ALLIANCE.
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 WALGREENS Bond
WALGREENS financial ratios help investors to determine whether WALGREENS 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 WALGREENS with respect to the benefits of owning WALGREENS security.