NORTHROP GRUMMAN P Market Value
| 666807BJ0 | 79.32 1.81 2.23% |
| Symbol | NORTHROP |
NORTHROP '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 NORTHROP'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 NORTHROP.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in NORTHROP on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding NORTHROP GRUMMAN P or generate 0.0% return on investment in NORTHROP over 360 days. NORTHROP is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. More
NORTHROP 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 NORTHROP'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 NORTHROP GRUMMAN P upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.78 |
NORTHROP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NORTHROP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NORTHROP's standard deviation. In reality, there are many statistical measures that can use NORTHROP historical prices to predict the future NORTHROP's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.18) |
NORTHROP GRUMMAN P Backtested Returns
NORTHROP GRUMMAN P has Sharpe Ratio of -0.0964, which conveys that the entity had a -0.0964% return per unit of standard deviation over the last 3 months. NORTHROP exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NORTHROP's Mean Deviation of 0.8699, risk adjusted performance of 0.0074, and Market Risk Adjusted Performance of (0.17) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.0255, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NORTHROP's returns are expected to increase less than the market. However, during the bear market, the loss of holding NORTHROP is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
NORTHROP GRUMMAN P has modest reverse predictability. Overlapping area represents the amount of predictability between NORTHROP time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 NORTHROP GRUMMAN P price movement. The serial correlation of -0.47 indicates that about 47.0% of current NORTHROP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
NORTHROP GRUMMAN P lagged returns against current returns
Autocorrelation, which is NORTHROP 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 NORTHROP's bond expected returns. We can calculate the autocorrelation of NORTHROP returns to help us make a trade decision. For example, suppose you find that NORTHROP 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 |
NORTHROP 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 NORTHROP bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NORTHROP bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NORTHROP bond over time.
Current vs Lagged Prices |
| Timeline |
NORTHROP Lagged Returns
When evaluating NORTHROP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NORTHROP bond have on its future price. NORTHROP 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, NORTHROP autocorrelation shows the relationship between NORTHROP bond current value and its past values and can show if there is a momentum factor associated with investing in NORTHROP GRUMMAN P.
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 NORTHROP Bond
NORTHROP financial ratios help investors to determine whether NORTHROP 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 NORTHROP with respect to the benefits of owning NORTHROP security.