Lucky Core (Pakistan) Market Value
| LCI Stock | 1,159 11.24 0.96% |
| Symbol | Lucky |
Lucky Core '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 Lucky Core'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 Lucky Core.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Lucky Core on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Lucky Core Ind or generate 0.0% return on investment in Lucky Core over 360 days.
Lucky Core 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 Lucky Core'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 Lucky Core Ind upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | 0.1294 | |||
| Maximum Drawdown | 14.54 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.76 |
Lucky Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lucky Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lucky Core's standard deviation. In reality, there are many statistical measures that can use Lucky Core historical prices to predict the future Lucky Core's volatility.| Risk Adjusted Performance | 0.1491 | |||
| Jensen Alpha | 0.3758 | |||
| Total Risk Alpha | 0.0554 | |||
| Sortino Ratio | 0.1605 | |||
| Treynor Ratio | 1.11 |
Lucky Core Ind Backtested Returns
Lucky Core appears to be very steady, given 3 months investment horizon. Lucky Core Ind has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lucky Core, which you can use to evaluate the volatility of the firm. Please exercise Lucky Core's Downside Deviation of 1.88, risk adjusted performance of 0.1491, and Mean Deviation of 1.61 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lucky Core holds a performance score of 11. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lucky Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lucky Core is expected to be smaller as well. Please check Lucky Core's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Lucky Core's current price movements will revert.
Auto-correlation | 0.85 |
Very good predictability
Lucky Core Ind has very good predictability. Overlapping area represents the amount of predictability between Lucky Core time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Lucky Core Ind price movement. The serial correlation of 0.85 indicates that around 85.0% of current Lucky Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 14.9 K |
Lucky Core Ind lagged returns against current returns
Autocorrelation, which is Lucky Core 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 Lucky Core's stock expected returns. We can calculate the autocorrelation of Lucky Core returns to help us make a trade decision. For example, suppose you find that Lucky Core 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 |
Lucky Core 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 Lucky Core stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucky Core stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucky Core stock over time.
Current vs Lagged Prices |
| Timeline |
Lucky Core Lagged Returns
When evaluating Lucky Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lucky Core stock have on its future price. Lucky Core 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, Lucky Core autocorrelation shows the relationship between Lucky Core stock current value and its past values and can show if there is a momentum factor associated with investing in Lucky Core Ind.
Regressed Prices |
| Timeline |
Pair Trading with Lucky Core
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lucky Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lucky Core will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Lucky Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lucky Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lucky Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lucky Core Ind to buy it.
The correlation of Lucky Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lucky Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lucky Core Ind moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lucky Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lucky Stock Analysis
When running Lucky Core's price analysis, check to measure Lucky Core's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lucky Core is operating at the current time. Most of Lucky Core's value examination focuses on studying past and present price action to predict the probability of Lucky Core's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucky Core's price. Additionally, you may evaluate how the addition of Lucky Core to your portfolios can decrease your overall portfolio volatility.