Leidos Holdings' market value is the price at which a share of Leidos Holdings trades on a public exchange. It measures the collective expectations of Leidos Holdings investors about its performance. Leidos Holdings is trading at 95.70 as of the 28th of November 2024, a 0.16% down since the beginning of the trading day. The stock's open price was 95.85. With this module, you can estimate the performance of a buy and hold strategy of Leidos Holdings and determine expected loss or profit from investing in Leidos Holdings over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Leidos
Leidos Holdings '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 Leidos Holdings' 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 Leidos Holdings.
0.00
12/09/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/28/2024
0.00
If you would invest 0.00 in Leidos Holdings on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Leidos Holdings or generate 0.0% return on investment in Leidos Holdings over 720 days.
Leidos Holdings 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 Leidos Holdings' 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 Leidos Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leidos Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leidos Holdings' standard deviation. In reality, there are many statistical measures that can use Leidos Holdings historical prices to predict the future Leidos Holdings' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Leidos Holdings. Your research has to be compared to or analyzed against Leidos Holdings' peers to derive any actionable benefits. When done correctly, Leidos Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Leidos Holdings.
Leidos Holdings Backtested Returns
Leidos Holdings appears to be very steady, given 3 months investment horizon. Leidos Holdings has Sharpe Ratio of 0.0714, which conveys that the firm had a 0.0714% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Leidos Holdings, which you can use to evaluate the volatility of the firm. Please exercise Leidos Holdings' Risk Adjusted Performance of 0.0782, downside deviation of 7.69, and Mean Deviation of 1.32 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Leidos Holdings holds a performance score of 5. The company secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Leidos Holdings are expected to decrease at a much lower rate. During the bear market, Leidos Holdings is likely to outperform the market. Please check Leidos Holdings' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Leidos Holdings' current price movements will revert.
Auto-correlation
-0.44
Modest reverse predictability
Leidos Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Leidos Holdings time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Leidos Holdings price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Leidos Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.44
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
138.95
Leidos Holdings lagged returns against current returns
Autocorrelation, which is Leidos Holdings 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 Leidos Holdings' stock expected returns. We can calculate the autocorrelation of Leidos Holdings returns to help us make a trade decision. For example, suppose you find that Leidos Holdings 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
Leidos Holdings 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 Leidos Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leidos Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leidos Holdings stock over time.
Current vs Lagged Prices
Timeline
Leidos Holdings Lagged Returns
When evaluating Leidos Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leidos Holdings stock have on its future price. Leidos Holdings 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, Leidos Holdings autocorrelation shows the relationship between Leidos Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Leidos Holdings.
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.