LOWES INC 25 Market Value
| 548661DM6 | 97.70 0.06 0.06% |
| Symbol | LOWES |
LOWES '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 LOWES'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 LOWES.
| 05/23/2024 |
| 09/20/2024 |
If you would invest 0.00 in LOWES on May 23, 2024 and sell it all today you would earn a total of 0.00 from holding LOWES INC 25 or generate 0.0% return on investment in LOWES over 120 days. LOWES is related to or competes with 00108WAF7, 90331HPL1, American Express, 3M, Merck, Coca Cola, and McDonalds. More
LOWES 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 LOWES'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 LOWES INC 25 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.48 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.78 |
LOWES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LOWES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LOWES's standard deviation. In reality, there are many statistical measures that can use LOWES historical prices to predict the future LOWES's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.1703 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LOWES'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.
LOWES INC 25 Backtested Returns
LOWES INC 25 has Sharpe Ratio of -0.0563, which conveys that the entity had a -0.0563% return per unit of standard deviation over the last 3 months. LOWES exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LOWES's Mean Deviation of 0.5383, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.1803 to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LOWES are expected to decrease at a much lower rate. During the bear market, LOWES is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
LOWES INC 25 has very good predictability. Overlapping area represents the amount of predictability between LOWES time series from 23rd of May 2024 to 22nd of July 2024 and 22nd of July 2024 to 20th of September 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 LOWES INC 25 price movement. The serial correlation of 0.85 indicates that around 85.0% of current LOWES price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
LOWES INC 25 lagged returns against current returns
Autocorrelation, which is LOWES 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 LOWES's bond expected returns. We can calculate the autocorrelation of LOWES returns to help us make a trade decision. For example, suppose you find that LOWES 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 |
LOWES 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 LOWES bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LOWES bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LOWES bond over time.
Current vs Lagged Prices |
| Timeline |
LOWES Lagged Returns
When evaluating LOWES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LOWES bond have on its future price. LOWES 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, LOWES autocorrelation shows the relationship between LOWES bond current value and its past values and can show if there is a momentum factor associated with investing in LOWES INC 25.
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 LOWES Bond
LOWES financial ratios help investors to determine whether LOWES 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 LOWES with respect to the benefits of owning LOWES security.