Us Bancorp Preferred Stock Market Value
| USB-PR Preferred Stock | 18.63 0.39 2.14% |
| Symbol | USB-PR |
US Bancorp '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 US Bancorp's preferred stock 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 US Bancorp.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in US Bancorp on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding US Bancorp or generate 0.0% return on investment in US Bancorp over 90 days. US Bancorp is related to or competes with US Bancorp, Bank of America, US Bancorp, Wells Fargo, and Bank of America. More
US Bancorp 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 US Bancorp's preferred stock 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 US Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.56 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.16 |
US Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Bancorp's standard deviation. In reality, there are many statistical measures that can use US Bancorp historical prices to predict the future US Bancorp's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1745 |
US Bancorp Backtested Returns
Currently, US Bancorp is very steady. US Bancorp retains Efficiency (Sharpe Ratio) of 0.0145, which indicates the firm had a 0.0145% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for US Bancorp, which you can use to evaluate the volatility of the company. Please validate US Bancorp's Risk Adjusted Performance of 0.0059, downside deviation of 1.08, and Mean Deviation of 0.7016 to confirm if the risk estimate we provide is consistent with the expected return of 0.0136%. US Bancorp has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.0284, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning US Bancorp are expected to decrease at a much lower rate. During the bear market, US Bancorp is likely to outperform the market. US Bancorp at this moment owns a risk of 0.94%. Please validate US Bancorp sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if US Bancorp will be following its current price history.
Auto-correlation | -0.67 |
Very good reverse predictability
US Bancorp has very good reverse predictability. Overlapping area represents the amount of predictability between US Bancorp time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 US Bancorp price movement. The serial correlation of -0.67 indicates that around 67.0% of current US Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
US Bancorp lagged returns against current returns
Autocorrelation, which is US Bancorp preferred stock'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 US Bancorp's preferred stock expected returns. We can calculate the autocorrelation of US Bancorp returns to help us make a trade decision. For example, suppose you find that US Bancorp has exhibited high autocorrelation historically, and you observe that the preferred stock 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 |
US Bancorp 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 US Bancorp preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US Bancorp preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US Bancorp preferred stock over time.
Current vs Lagged Prices |
| Timeline |
US Bancorp Lagged Returns
When evaluating US Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US Bancorp preferred stock have on its future price. US Bancorp 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, US Bancorp autocorrelation shows the relationship between US Bancorp preferred stock current value and its past values and can show if there is a momentum factor associated with investing in US Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with US Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if US Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in US Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving against USB-PR Preferred Stock
| 0.75 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.74 | AX | Axos Financial | PairCorr |
| 0.73 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.73 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.71 | WCFB | WCF Bancorp | PairCorr |
The ability to find closely correlated positions to US Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back US Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling US Bancorp to buy it.
The correlation of US Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as US Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for US Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for USB-PR Preferred Stock Analysis
When running US Bancorp's price analysis, check to measure US Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy US Bancorp is operating at the current time. Most of US Bancorp's value examination focuses on studying past and present price action to predict the probability of US Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move US Bancorp's price. Additionally, you may evaluate how the addition of US Bancorp to your portfolios can decrease your overall portfolio volatility.