Lennar (Brazil) Market Value
| L1EN34 Stock | BRL 1,028 20.62 2.05% |
| Symbol | Lennar |
Lennar '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 Lennar'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 Lennar.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Lennar on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Lennar or generate 0.0% return on investment in Lennar over 30 days. Lennar is related to or competes with DR Horton, Cyrela Brazil, MRV Engenharia, Gafisa SA, and Rossi Residencial. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the Un... More
Lennar 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 Lennar'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 Lennar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 14.97 | |||
| Value At Risk | (3.02) | |||
| Potential Upside | 3.46 |
Lennar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lennar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lennar's standard deviation. In reality, there are many statistical measures that can use Lennar historical prices to predict the future Lennar's volatility.| Risk Adjusted Performance | 0.0544 | |||
| Jensen Alpha | 0.0884 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.0005) | |||
| Treynor Ratio | 0.466 |
Lennar Backtested Returns
At this point, Lennar is very steady. Lennar has Sharpe Ratio of 0.0122, which conveys that the firm had a 0.0122% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lennar, which you can use to evaluate the volatility of the firm. Please verify Lennar's Downside Deviation of 2.69, mean deviation of 1.12, and Risk Adjusted Performance of 0.0544 to check out if the risk estimate we provide is consistent with the expected return of 0.0223%. 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, Lennar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lennar is expected to be smaller as well. Lennar right now secures a risk of 1.83%. Please verify Lennar jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Lennar will be following its current price movements.
Auto-correlation | -0.29 |
Weak reverse predictability
Lennar has weak reverse predictability. Overlapping area represents the amount of predictability between Lennar time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Lennar price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Lennar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 662.05 |
Lennar lagged returns against current returns
Autocorrelation, which is Lennar 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 Lennar's stock expected returns. We can calculate the autocorrelation of Lennar returns to help us make a trade decision. For example, suppose you find that Lennar 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 |
Lennar 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 Lennar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lennar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lennar stock over time.
Current vs Lagged Prices |
| Timeline |
Lennar Lagged Returns
When evaluating Lennar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lennar stock have on its future price. Lennar 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, Lennar autocorrelation shows the relationship between Lennar stock current value and its past values and can show if there is a momentum factor associated with investing in Lennar.
Regressed Prices |
| Timeline |
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 Information and Resources on Investing in Lennar Stock
When determining whether Lennar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lennar's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lennar Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lennar Stock:Check out Lennar Correlation, Lennar Volatility and Lennar Alpha and Beta module to complement your research on Lennar. For information on how to trade Lennar Stock refer to our How to Trade Lennar Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Lennar technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.