Labiana Health's market value is the price at which a share of Labiana Health trades on a public exchange. It measures the collective expectations of Labiana Health SA investors about its performance. Labiana Health is trading at 2.10 as of the 22nd of November 2024, a 1.87% down since the beginning of the trading day. The stock's open price was 2.14. With this module, you can estimate the performance of a buy and hold strategy of Labiana Health SA and determine expected loss or profit from investing in Labiana Health 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 board of governors.
Symbol
Labiana
Labiana Health '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 Labiana Health'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 Labiana Health.
0.00
12/03/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/22/2024
0.00
If you would invest 0.00 in Labiana Health on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Labiana Health SA or generate 0.0% return on investment in Labiana Health over 720 days.
Labiana Health 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 Labiana Health'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 Labiana Health SA 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 Labiana Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Labiana Health's standard deviation. In reality, there are many statistical measures that can use Labiana Health historical prices to predict the future Labiana Health's volatility.
Labiana Health SA has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Labiana Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Labiana Health's Risk Adjusted Performance of (0.12), standard deviation of 3.16, and Mean Deviation of 2.09 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Labiana Health are expected to decrease at a much lower rate. During the bear market, Labiana Health is likely to outperform the market. At this point, Labiana Health SA has a negative expected return of -0.55%. Please make sure to verify Labiana Health's jensen alpha, skewness, and the relationship between the variance and treynor ratio , to decide if Labiana Health SA performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.96
Near perfect reversele predictability
Labiana Health SA has near perfect reversele predictability. Overlapping area represents the amount of predictability between Labiana Health time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Labiana Health SA price movement. The serial correlation of -0.96 indicates that 96.0% of current Labiana Health price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.96
Spearman Rank Test
-0.9
Residual Average
0.0
Price Variance
0.52
Labiana Health SA lagged returns against current returns
Autocorrelation, which is Labiana Health 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 Labiana Health's stock expected returns. We can calculate the autocorrelation of Labiana Health returns to help us make a trade decision. For example, suppose you find that Labiana Health 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
Labiana Health 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 Labiana Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Labiana Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Labiana Health stock over time.
Current vs Lagged Prices
Timeline
Labiana Health Lagged Returns
When evaluating Labiana Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Labiana Health stock have on its future price. Labiana Health 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, Labiana Health autocorrelation shows the relationship between Labiana Health stock current value and its past values and can show if there is a momentum factor associated with investing in Labiana Health SA.
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.