Us Bancorp Perp Preferred Stock Market Value
| USB-PA Preferred Stock | USD 874.00 6.00 0.68% |
| Symbol | USB-PA |
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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in US Bancorp on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding US Bancorp PERP or generate 0.0% return on investment in US Bancorp over 30 days. US Bancorp is related to or competes with KeyCorp, Regions Financial, US Bancorp, KeyCorp, Regions Financial, and US Bancorp. Bancorp, a financial services holding company, provides various financial services in the United States 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 PERP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.0329 | |||
| Maximum Drawdown | 8.67 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.26 |
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 | 0.0598 | |||
| Jensen Alpha | 0.0934 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0257 | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of US Bancorp'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.
US Bancorp PERP Backtested Returns
We consider US Bancorp very steady. US Bancorp PERP retains Efficiency (Sharpe Ratio) of 0.0931, which indicates the firm had a 0.0931% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for US Bancorp, which you can use to evaluate the volatility of the company. Please validate US Bancorp's Downside Deviation of 1.58, mean deviation of 0.7302, and Risk Adjusted Performance of 0.0598 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. US Bancorp has a performance score of 7 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of 0.0958, which indicates not very significant fluctuations relative to the market. As returns on the market increase, US Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding US Bancorp is expected to be smaller as well. US Bancorp PERP at this moment owns a risk of 1.25%. Please validate US Bancorp PERP sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if US Bancorp PERP will be following its current price history.
Auto-correlation | -0.51 |
Good reverse predictability
US Bancorp PERP has good reverse predictability. Overlapping area represents the amount of predictability between US Bancorp time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 PERP price movement. The serial correlation of -0.51 indicates that about 51.0% of current US Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 9.86 |
US Bancorp PERP 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 PERP.
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 US Bancorp 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, US Bancorp's short interest history, or implied volatility extrapolated from US Bancorp 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 US Bancorp Correlation, US Bancorp Volatility and US Bancorp Alpha and Beta module to complement your research on US Bancorp. For information on how to trade USB-PA Preferred Stock refer to our How to Trade USB-PA Preferred Stock guide.Note that the US Bancorp PERP information on this page should be used as a complementary analysis to other US Bancorp'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for USB-PA 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.
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US Bancorp technical preferred stock 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, preferred stock market cycles, or different charting patterns.