Pitney Bowes Nt Preferred Stock Market Value
| PBI-PB Preferred Stock | USD 19.13 0.07 0.36% |
| Symbol | Pitney |
Pitney Bowes '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 Pitney Bowes' 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 Pitney Bowes.
| 05/30/2024 |
| 06/29/2024 |
If you would invest 0.00 in Pitney Bowes on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Pitney Bowes NT or generate 0.0% return on investment in Pitney Bowes over 30 days. Pitney Bowes is related to or competes with Expeditors International, FedEx, Globavend Holdings, GXO Logistics, Jayud Global, Forward Air, and Proficient Auto. More
Pitney Bowes 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 Pitney Bowes' 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 Pitney Bowes NT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.73 |
Pitney Bowes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pitney Bowes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pitney Bowes' standard deviation. In reality, there are many statistical measures that can use Pitney Bowes historical prices to predict the future Pitney Bowes' volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | 0.0377 | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pitney Bowes' 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.
Pitney Bowes NT Backtested Returns
At this point, Pitney Bowes is very steady. Pitney Bowes NT maintains Sharpe Ratio (i.e., Efficiency) of 0.0389, which implies the firm had a 0.0389% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pitney Bowes NT, which you can use to evaluate the volatility of the company. Please check Pitney Bowes' Coefficient Of Variation of 94906.66, risk adjusted performance of 0.0076, and Semi Deviation of 1.95 to confirm if the risk estimate we provide is consistent with the expected return of 0.0759%. Pitney Bowes has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pitney Bowes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pitney Bowes is expected to be smaller as well. Pitney Bowes NT right now holds a risk of 1.95%. Please check Pitney Bowes NT value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Pitney Bowes NT will be following its historical price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Pitney Bowes NT has no correlation between past and present. Overlapping area represents the amount of predictability between Pitney Bowes time series from 30th of May 2024 to 14th of June 2024 and 14th of June 2024 to 29th of June 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 Pitney Bowes NT price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pitney Bowes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Pitney Bowes NT lagged returns against current returns
Autocorrelation, which is Pitney Bowes 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 Pitney Bowes' preferred stock expected returns. We can calculate the autocorrelation of Pitney Bowes returns to help us make a trade decision. For example, suppose you find that Pitney Bowes 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 |
Pitney Bowes 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 Pitney Bowes preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pitney Bowes preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pitney Bowes preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Pitney Bowes Lagged Returns
When evaluating Pitney Bowes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pitney Bowes preferred stock have on its future price. Pitney Bowes 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, Pitney Bowes autocorrelation shows the relationship between Pitney Bowes preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Pitney Bowes NT.
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 Pitney Preferred Stock
Pitney Bowes financial ratios help investors to determine whether Pitney Preferred Stock 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 Pitney with respect to the benefits of owning Pitney Bowes security.