WELLPOINT INC 465 Market Value
| 94973VBK2 | 95.25 6.07 6.81% |
| Symbol | WELLPOINT |
WELLPOINT '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 WELLPOINT'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 WELLPOINT.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WELLPOINT on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WELLPOINT INC 465 or generate 0.0% return on investment in WELLPOINT over 30 days. WELLPOINT is related to or competes with 00108WAF7, 90331HPL1, American Express, Chevron Corp, Cisco Systems, Verizon Communications, and Merck. More
WELLPOINT 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 WELLPOINT'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 WELLPOINT INC 465 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.08 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.45 |
WELLPOINT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WELLPOINT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WELLPOINT's standard deviation. In reality, there are many statistical measures that can use WELLPOINT historical prices to predict the future WELLPOINT's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.0651 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.60) |
WELLPOINT INC 465 Backtested Returns
At this point, WELLPOINT is very steady. WELLPOINT INC 465 shows Sharpe Ratio of 0.0659, which attests that the bond had a 0.0659% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for WELLPOINT INC 465, which you can use to evaluate the volatility of the bond. Please check out WELLPOINT's Mean Deviation of 0.9655, risk adjusted performance of 0.0335, and Downside Deviation of 1.58 to validate if the risk estimate we provide is consistent with the expected return of 0.0786%. The entity maintains a market beta of -0.0912, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WELLPOINT are expected to decrease at a much lower rate. During the bear market, WELLPOINT is likely to outperform the market.
Auto-correlation | 0.04 |
Virtually no predictability
WELLPOINT INC 465 has virtually no predictability. Overlapping area represents the amount of predictability between WELLPOINT time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 WELLPOINT INC 465 price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current WELLPOINT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
WELLPOINT INC 465 lagged returns against current returns
Autocorrelation, which is WELLPOINT 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 WELLPOINT's bond expected returns. We can calculate the autocorrelation of WELLPOINT returns to help us make a trade decision. For example, suppose you find that WELLPOINT 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 |
WELLPOINT 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 WELLPOINT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WELLPOINT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WELLPOINT bond over time.
Current vs Lagged Prices |
| Timeline |
WELLPOINT Lagged Returns
When evaluating WELLPOINT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WELLPOINT bond have on its future price. WELLPOINT 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, WELLPOINT autocorrelation shows the relationship between WELLPOINT bond current value and its past values and can show if there is a momentum factor associated with investing in WELLPOINT INC 465.
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 WELLPOINT Bond
WELLPOINT financial ratios help investors to determine whether WELLPOINT 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 WELLPOINT with respect to the benefits of owning WELLPOINT security.