LEWAG HOLDING (Germany) Market Value
| KGR Stock | EUR 11.50 0.50 4.55% |
| Symbol | LEWAG |
LEWAG HOLDING '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 LEWAG HOLDING'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 LEWAG HOLDING.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in LEWAG HOLDING on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding LEWAG HOLDING AG or generate 0.0% return on investment in LEWAG HOLDING over 30 days. LEWAG HOLDING is related to or competes with Compugroup Medical, Magic Software, FORMPIPE SOFTWARE, Check Point, ALERION CLEANPOWER, AVITA Medical, and CPU SOFTWAREHOUSE. More
LEWAG HOLDING 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 LEWAG HOLDING'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 LEWAG HOLDING AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.98 |
LEWAG HOLDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LEWAG HOLDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEWAG HOLDING's standard deviation. In reality, there are many statistical measures that can use LEWAG HOLDING historical prices to predict the future LEWAG HOLDING's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.4291 |
LEWAG HOLDING AG Backtested Returns
LEWAG HOLDING AG has Sharpe Ratio of -0.065, which conveys that the firm had a -0.065% return per unit of standard deviation over the last 3 months. LEWAG HOLDING exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEWAG HOLDING's Mean Deviation of 0.4698, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 0.4391 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LEWAG HOLDING are expected to decrease at a much lower rate. During the bear market, LEWAG HOLDING is likely to outperform the market. At this point, LEWAG HOLDING AG has a negative expected return of -0.1%. Please make sure to verify LEWAG HOLDING's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if LEWAG HOLDING AG performance from the past will be repeated at future time.
Auto-correlation | 0.36 |
Below average predictability
LEWAG HOLDING AG has below average predictability. Overlapping area represents the amount of predictability between LEWAG HOLDING time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 LEWAG HOLDING AG price movement. The serial correlation of 0.36 indicates that just about 36.0% of current LEWAG HOLDING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
LEWAG HOLDING AG lagged returns against current returns
Autocorrelation, which is LEWAG HOLDING 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 LEWAG HOLDING's stock expected returns. We can calculate the autocorrelation of LEWAG HOLDING returns to help us make a trade decision. For example, suppose you find that LEWAG HOLDING 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 |
LEWAG HOLDING 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 LEWAG HOLDING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEWAG HOLDING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEWAG HOLDING stock over time.
Current vs Lagged Prices |
| Timeline |
LEWAG HOLDING Lagged Returns
When evaluating LEWAG HOLDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEWAG HOLDING stock have on its future price. LEWAG HOLDING 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, LEWAG HOLDING autocorrelation shows the relationship between LEWAG HOLDING stock current value and its past values and can show if there is a momentum factor associated with investing in LEWAG HOLDING AG.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in LEWAG Stock
LEWAG HOLDING financial ratios help investors to determine whether LEWAG 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 LEWAG with respect to the benefits of owning LEWAG HOLDING security.