Lamar Advertising (Germany) Market Value
| 6LA Stock | 125.00 1.00 0.81% |
| Symbol | Lamar |
Lamar Advertising '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 Lamar Advertising's 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 Lamar Advertising.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Lamar Advertising on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Lamar Advertising or generate 0.0% return on investment in Lamar Advertising over 180 days. Lamar Advertising is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Lamar Advertising 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 Lamar Advertising's 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 Lamar Advertising upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.0811 | |||
| Maximum Drawdown | 8.79 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 2.09 |
Lamar Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lamar Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lamar Advertising's standard deviation. In reality, there are many statistical measures that can use Lamar Advertising historical prices to predict the future Lamar Advertising's volatility.| Risk Adjusted Performance | 0.1412 | |||
| Jensen Alpha | 0.1694 | |||
| Total Risk Alpha | 0.0215 | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 0.4817 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lamar Advertising'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.
Lamar Advertising Backtested Returns
Lamar Advertising appears to be very steady, given 3 months investment horizon. Lamar Advertising has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lamar Advertising, which you can use to evaluate the volatility of the firm. Please exercise Lamar Advertising's Risk Adjusted Performance of 0.1412, downside deviation of 2.03, and Mean Deviation of 0.9012 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lamar Advertising holds a performance score of 13. The company secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lamar Advertising's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lamar Advertising is expected to be smaller as well. Please check Lamar Advertising's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Lamar Advertising's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
Lamar Advertising has average predictability. Overlapping area represents the amount of predictability between Lamar Advertising time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Lamar Advertising price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Lamar Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 24.84 |
Lamar Advertising lagged returns against current returns
Autocorrelation, which is Lamar Advertising 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 Lamar Advertising's stock expected returns. We can calculate the autocorrelation of Lamar Advertising returns to help us make a trade decision. For example, suppose you find that Lamar Advertising 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 |
Lamar Advertising 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 Lamar Advertising stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lamar Advertising stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lamar Advertising stock over time.
Current vs Lagged Prices |
| Timeline |
Lamar Advertising Lagged Returns
When evaluating Lamar Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lamar Advertising stock have on its future price. Lamar Advertising 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, Lamar Advertising autocorrelation shows the relationship between Lamar Advertising stock current value and its past values and can show if there is a momentum factor associated with investing in Lamar Advertising.
Regressed Prices |
| Timeline |
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Additional Tools for Lamar Stock Analysis
When running Lamar Advertising's price analysis, check to measure Lamar Advertising'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 Lamar Advertising is operating at the current time. Most of Lamar Advertising's value examination focuses on studying past and present price action to predict the probability of Lamar Advertising's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lamar Advertising's price. Additionally, you may evaluate how the addition of Lamar Advertising to your portfolios can decrease your overall portfolio volatility.