Lifeclean International (Sweden) Market Value
| LCLEAN Stock | SEK 2.44 0.06 2.52% |
| Symbol | Lifeclean |
Lifeclean International '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 Lifeclean International'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 Lifeclean International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Lifeclean International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Lifeclean International AB or generate 0.0% return on investment in Lifeclean International over 30 days. Lifeclean International is related to or competes with Mendus AB, JonDeTech Sensors, Nexam Chemical, Lohilo Foods, and Immunovia Publ. LifeClean International AB researches, produces, markets, and sells disinfection products in Sweden More
Lifeclean International 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 Lifeclean International'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 Lifeclean International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 37.37 | |||
| Value At Risk | (9.21) | |||
| Potential Upside | 8.59 |
Lifeclean International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lifeclean International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lifeclean International's standard deviation. In reality, there are many statistical measures that can use Lifeclean International historical prices to predict the future Lifeclean International's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.07) | |||
| Total Risk Alpha | (2.05) | |||
| Treynor Ratio | (1.09) |
Lifeclean International Backtested Returns
Lifeclean International has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Lifeclean International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lifeclean International's Standard Deviation of 6.55, mean deviation of 4.5, and Risk Adjusted Performance of (0.10) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.88, which conveys possible diversification benefits within a given portfolio. Lifeclean International returns are very sensitive to returns on the market. As the market goes up or down, Lifeclean International is expected to follow. At this point, Lifeclean International has a negative expected return of -1.04%. Please make sure to verify Lifeclean International's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Lifeclean International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Lifeclean International AB has virtually no predictability. Overlapping area represents the amount of predictability between Lifeclean International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Lifeclean International price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Lifeclean International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Lifeclean International lagged returns against current returns
Autocorrelation, which is Lifeclean International 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 Lifeclean International's stock expected returns. We can calculate the autocorrelation of Lifeclean International returns to help us make a trade decision. For example, suppose you find that Lifeclean International 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 |
Lifeclean International 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 Lifeclean International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lifeclean International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lifeclean International stock over time.
Current vs Lagged Prices |
| Timeline |
Lifeclean International Lagged Returns
When evaluating Lifeclean International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lifeclean International stock have on its future price. Lifeclean International 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, Lifeclean International autocorrelation shows the relationship between Lifeclean International stock current value and its past values and can show if there is a momentum factor associated with investing in Lifeclean International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Lifeclean Stock
Lifeclean International financial ratios help investors to determine whether Lifeclean 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 Lifeclean with respect to the benefits of owning Lifeclean International security.