Legend Holdings (Germany) Market Value
| 1PC Stock | EUR 0.83 0.01 1.19% |
| Symbol | Legend |
Legend Holdings '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 Legend Holdings' 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 Legend Holdings.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Legend Holdings on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Legend Holdings or generate 0.0% return on investment in Legend Holdings over 540 days. Legend Holdings is related to or competes with Seiko Epson, Acer Incorporated, and Toshiba Tec. Legend Holdings Corporation operates in information technology , financial services, innovative consumption and services... More
Legend Holdings 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 Legend Holdings' 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 Legend Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.1229 | |||
| Maximum Drawdown | 26.62 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 6.9 |
Legend Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legend Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legend Holdings' standard deviation. In reality, there are many statistical measures that can use Legend Holdings historical prices to predict the future Legend Holdings' volatility.| Risk Adjusted Performance | 0.1259 | |||
| Jensen Alpha | 0.5979 | |||
| Total Risk Alpha | 0.003 | |||
| Sortino Ratio | 0.1296 | |||
| Treynor Ratio | 4.44 |
Legend Holdings Backtested Returns
Legend Holdings appears to be extremely dangerous, given 3 months investment horizon. Legend Holdings has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Legend Holdings' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Legend Holdings' Mean Deviation of 2.83, risk adjusted performance of 0.1259, and Downside Deviation of 3.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Legend Holdings holds a performance score of 10. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Legend Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Legend Holdings is expected to be smaller as well. Please check Legend Holdings' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Legend Holdings' current price movements will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Legend Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Legend Holdings time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Legend Holdings price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Legend Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Legend Holdings lagged returns against current returns
Autocorrelation, which is Legend Holdings 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 Legend Holdings' stock expected returns. We can calculate the autocorrelation of Legend Holdings returns to help us make a trade decision. For example, suppose you find that Legend Holdings has exhibited high autocorrelation historically, and you observe that the 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 |
Legend Holdings 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 Legend Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legend Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legend Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Legend Holdings Lagged Returns
When evaluating Legend Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legend Holdings stock have on its future price. Legend Holdings 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, Legend Holdings autocorrelation shows the relationship between Legend Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Legend Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Legend Stock
Legend Holdings financial ratios help investors to determine whether Legend 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 Legend with respect to the benefits of owning Legend Holdings security.