LleidaNetworks Serveis (France) Market Value
| ALLLN Stock | 1.02 0.02 1.92% |
| Symbol | LleidaNetworks |
LleidaNetworks Serveis '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 LleidaNetworks Serveis' 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 LleidaNetworks Serveis.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in LleidaNetworks Serveis on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding LleidaNetworks Serveis Telemtics or generate 0.0% return on investment in LleidaNetworks Serveis over 90 days. LleidaNetworks Serveis is related to or competes with Keyrus SA, Bd Multimedia, and Weaccess Group. More
LleidaNetworks Serveis 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 LleidaNetworks Serveis' 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 LleidaNetworks Serveis Telemtics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 14.81 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 1.96 |
LleidaNetworks Serveis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LleidaNetworks Serveis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LleidaNetworks Serveis' standard deviation. In reality, there are many statistical measures that can use LleidaNetworks Serveis historical prices to predict the future LleidaNetworks Serveis' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.4115 |
LleidaNetworks Serveis Backtested Returns
LleidaNetworks Serveis has Sharpe Ratio of -0.0534, which conveys that the firm had a -0.0534% return per unit of risk over the last 3 months. LleidaNetworks Serveis exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LleidaNetworks Serveis' Standard Deviation of 2.21, mean deviation of 1.14, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LleidaNetworks Serveis are expected to decrease at a much lower rate. During the bear market, LleidaNetworks Serveis is likely to outperform the market. At this point, LleidaNetworks Serveis has a negative expected return of -0.12%. Please make sure to verify LleidaNetworks Serveis' jensen alpha, as well as the relationship between the skewness and day typical price , to decide if LleidaNetworks Serveis performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
LleidaNetworks Serveis Telemtics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LleidaNetworks Serveis time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 LleidaNetworks Serveis price movement. The serial correlation of -0.72 indicates that around 72.0% of current LleidaNetworks Serveis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LleidaNetworks Serveis lagged returns against current returns
Autocorrelation, which is LleidaNetworks Serveis 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 LleidaNetworks Serveis' stock expected returns. We can calculate the autocorrelation of LleidaNetworks Serveis returns to help us make a trade decision. For example, suppose you find that LleidaNetworks Serveis 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 |
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LleidaNetworks Serveis 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 LleidaNetworks Serveis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LleidaNetworks Serveis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LleidaNetworks Serveis stock over time.
Current vs Lagged Prices |
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LleidaNetworks Serveis Lagged Returns
When evaluating LleidaNetworks Serveis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LleidaNetworks Serveis stock have on its future price. LleidaNetworks Serveis 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, LleidaNetworks Serveis autocorrelation shows the relationship between LleidaNetworks Serveis stock current value and its past values and can show if there is a momentum factor associated with investing in LleidaNetworks Serveis Telemtics.
Regressed Prices |
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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.Additional Tools for LleidaNetworks Stock Analysis
When running LleidaNetworks Serveis' price analysis, check to measure LleidaNetworks Serveis' 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 LleidaNetworks Serveis is operating at the current time. Most of LleidaNetworks Serveis' value examination focuses on studying past and present price action to predict the probability of LleidaNetworks Serveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LleidaNetworks Serveis' price. Additionally, you may evaluate how the addition of LleidaNetworks Serveis to your portfolios can decrease your overall portfolio volatility.