LAir Liquide (Germany) Market Value
| AIL Stock | 156.94 2.02 1.27% |
| Symbol | LAir |
LAir Liquide '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 LAir Liquide'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 LAir Liquide.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in LAir Liquide on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding LAir Liquide SA or generate 0.0% return on investment in LAir Liquide over 90 days. LAir Liquide is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
LAir Liquide 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 LAir Liquide'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 LAir Liquide SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.96 |
LAir Liquide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LAir Liquide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LAir Liquide's standard deviation. In reality, there are many statistical measures that can use LAir Liquide historical prices to predict the future LAir Liquide's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LAir Liquide'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.
LAir Liquide SA Backtested Returns
LAir Liquide SA has Sharpe Ratio of -0.0929, which conveys that the company had a -0.0929% return per unit of risk over the last 3 months. LAir Liquide exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LAir Liquide's Mean Deviation of 0.9705, standard deviation of 1.21, and Variance of 1.47 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LAir Liquide's returns are expected to increase less than the market. However, during the bear market, the loss of holding LAir Liquide is expected to be smaller as well. At this point, LAir Liquide SA has a negative expected return of -0.11%. Please make sure to verify LAir Liquide's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if LAir Liquide SA performance from the past will be repeated at some future point.
Auto-correlation | -0.5 |
Modest reverse predictability
LAir Liquide SA has modest reverse predictability. Overlapping area represents the amount of predictability between LAir Liquide time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 LAir Liquide SA price movement. The serial correlation of -0.5 indicates that about 50.0% of current LAir Liquide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 27.05 |
LAir Liquide SA lagged returns against current returns
Autocorrelation, which is LAir Liquide 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 LAir Liquide's stock expected returns. We can calculate the autocorrelation of LAir Liquide returns to help us make a trade decision. For example, suppose you find that LAir Liquide 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 |
LAir Liquide 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 LAir Liquide stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LAir Liquide stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LAir Liquide stock over time.
Current vs Lagged Prices |
| Timeline |
LAir Liquide Lagged Returns
When evaluating LAir Liquide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LAir Liquide stock have on its future price. LAir Liquide 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, LAir Liquide autocorrelation shows the relationship between LAir Liquide stock current value and its past values and can show if there is a momentum factor associated with investing in LAir Liquide SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for LAir Stock Analysis
When running LAir Liquide's price analysis, check to measure LAir Liquide'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 LAir Liquide is operating at the current time. Most of LAir Liquide's value examination focuses on studying past and present price action to predict the probability of LAir Liquide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LAir Liquide's price. Additionally, you may evaluate how the addition of LAir Liquide to your portfolios can decrease your overall portfolio volatility.