AJ LUCAS (Germany) Market Value
| FW9 Stock | EUR 0.0005 0.0005 50.00% |
| Symbol | FW9 |
AJ LUCAS '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 AJ LUCAS'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 AJ LUCAS.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in AJ LUCAS on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding AJ LUCAS GROUP or generate 0.0% return on investment in AJ LUCAS over 210 days. AJ LUCAS is related to or competes with Gol Intelligent, PUBLIC STORAGE, DICKER DATA, DATAGROUP, Fidelity National, American Airlines, and Public Storage. AJ Lucas Group Limited, together with its subsidiaries, provides drilling services in Australia More
AJ LUCAS 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 AJ LUCAS'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 AJ LUCAS GROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.16 | |||
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 50.0 |
AJ LUCAS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AJ LUCAS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AJ LUCAS's standard deviation. In reality, there are many statistical measures that can use AJ LUCAS historical prices to predict the future AJ LUCAS's volatility.| Risk Adjusted Performance | 0.0562 | |||
| Jensen Alpha | 2.08 | |||
| Total Risk Alpha | (3.10) | |||
| Sortino Ratio | 0.0387 | |||
| Treynor Ratio | (0.69) |
AJ LUCAS GROUP Backtested Returns
AJ LUCAS is out of control given 3 months investment horizon. AJ LUCAS GROUP retains Efficiency (Sharpe Ratio) of 0.0642, which signifies that the company had a 0.0642% return per unit of price deviation over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.79% are justified by taking the suggested risk. Use AJ LUCAS GROUP Standard Deviation of 29.11, market risk adjusted performance of (0.68), and Coefficient Of Variation of 1646.66 to evaluate company specific risk that cannot be diversified away. AJ LUCAS holds a performance score of 5 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of -2.55, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning AJ LUCAS are expected to decrease by larger amounts. On the other hand, during market turmoil, AJ LUCAS is expected to outperform it. Use AJ LUCAS GROUP semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on AJ LUCAS GROUP.
Auto-correlation | 0.38 |
Below average predictability
AJ LUCAS GROUP has below average predictability. Overlapping area represents the amount of predictability between AJ LUCAS time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 AJ LUCAS GROUP price movement. The serial correlation of 0.38 indicates that just about 38.0% of current AJ LUCAS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AJ LUCAS GROUP lagged returns against current returns
Autocorrelation, which is AJ LUCAS 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 AJ LUCAS's stock expected returns. We can calculate the autocorrelation of AJ LUCAS returns to help us make a trade decision. For example, suppose you find that AJ LUCAS 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 |
AJ LUCAS 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 AJ LUCAS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AJ LUCAS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AJ LUCAS stock over time.
Current vs Lagged Prices |
| Timeline |
AJ LUCAS Lagged Returns
When evaluating AJ LUCAS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AJ LUCAS stock have on its future price. AJ LUCAS 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, AJ LUCAS autocorrelation shows the relationship between AJ LUCAS stock current value and its past values and can show if there is a momentum factor associated with investing in AJ LUCAS GROUP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FW9 Stock
AJ LUCAS financial ratios help investors to determine whether FW9 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 FW9 with respect to the benefits of owning AJ LUCAS security.