LOCKHEED MARTIN P Market Value
| 539830BH1 | 101.07 3.64 3.74% |
| Symbol | LOCKHEED |
LOCKHEED '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 LOCKHEED'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 LOCKHEED.
| 02/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in LOCKHEED on February 13, 2024 and sell it all today you would earn a total of 0.00 from holding LOCKHEED MARTIN P or generate 0.0% return on investment in LOCKHEED over 90 days. LOCKHEED is related to or competes with Coca Cola, ATT, Disney, 3M, GE Aerospace, Johnson Johnson, and Home Depot. More
LOCKHEED 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 LOCKHEED'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 LOCKHEED MARTIN P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3433 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.2665 |
LOCKHEED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LOCKHEED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LOCKHEED's standard deviation. In reality, there are many statistical measures that can use LOCKHEED historical prices to predict the future LOCKHEED's volatility.| Risk Adjusted Performance | 0.053 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (2.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LOCKHEED's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LOCKHEED MARTIN P Backtested Returns
We consider LOCKHEED very steady. LOCKHEED MARTIN P retains Efficiency (Sharpe Ratio) of 0.12, which conveys that the entity had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for LOCKHEED, which you can use to evaluate the volatility of the bond. Please verify LOCKHEED's Downside Deviation of 0.3433, mean deviation of 0.2654, and Market Risk Adjusted Performance of (2.48) to check out if the risk estimate we provide is consistent with the expected return of 0.0593%. The bond owns a Beta (Systematic Risk) of -0.0179, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LOCKHEED are expected to decrease at a much lower rate. During the bear market, LOCKHEED is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
LOCKHEED MARTIN P has insignificant predictability. Overlapping area represents the amount of predictability between LOCKHEED time series from 13th of February 2024 to 29th of March 2024 and 29th of March 2024 to 13th of May 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 LOCKHEED MARTIN P price movement. The serial correlation of 0.13 indicates that less than 13.0% of current LOCKHEED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
LOCKHEED MARTIN P lagged returns against current returns
Autocorrelation, which is LOCKHEED 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 LOCKHEED's bond expected returns. We can calculate the autocorrelation of LOCKHEED returns to help us make a trade decision. For example, suppose you find that LOCKHEED 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 |
LOCKHEED 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 LOCKHEED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LOCKHEED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LOCKHEED bond over time.
Current vs Lagged Prices |
| Timeline |
LOCKHEED Lagged Returns
When evaluating LOCKHEED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LOCKHEED bond have on its future price. LOCKHEED 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, LOCKHEED autocorrelation shows the relationship between LOCKHEED bond current value and its past values and can show if there is a momentum factor associated with investing in LOCKHEED MARTIN P.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards LOCKHEED in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, LOCKHEED's short interest history, or implied volatility extrapolated from LOCKHEED options trading.
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.Check out LOCKHEED Correlation, LOCKHEED Volatility and LOCKHEED Alpha and Beta module to complement your research on LOCKHEED. Note that the LOCKHEED MARTIN P information on this page should be used as a complementary analysis to other LOCKHEED's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
LOCKHEED technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.