Las Vegas (Germany) Market Value
| LCR Stock | EUR 48.40 0.02 0.04% |
| Symbol | Las |
Las Vegas '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 Las Vegas' 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 Las Vegas.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Las Vegas on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Las Vegas Sands or generate 0.0% return on investment in Las Vegas over 690 days. Las Vegas is related to or competes with Computershare, Hemisphere Energy, INTERSHOP Communications, Ribbon Communications, Entravision Communications, and Iridium Communications. Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the U... More
Las Vegas 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 Las Vegas' 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 Las Vegas Sands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1964 | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.91 |
Las Vegas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Las Vegas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Las Vegas' standard deviation. In reality, there are many statistical measures that can use Las Vegas historical prices to predict the future Las Vegas' volatility.| Risk Adjusted Performance | 0.2031 | |||
| Jensen Alpha | 0.5477 | |||
| Total Risk Alpha | 0.2104 | |||
| Sortino Ratio | 0.2967 | |||
| Treynor Ratio | (2.43) |
Las Vegas Sands Backtested Returns
Las Vegas appears to be very steady, given 3 months investment horizon. Las Vegas Sands has Sharpe Ratio of 0.25, which conveys that the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Las Vegas' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise Las Vegas' Mean Deviation of 1.53, risk adjusted performance of 0.2031, and Downside Deviation of 1.37 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Las Vegas holds a performance score of 19. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Las Vegas are expected to decrease at a much lower rate. During the bear market, Las Vegas is likely to outperform the market. Please check Las Vegas' treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Las Vegas' current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Las Vegas Sands has virtually no predictability. Overlapping area represents the amount of predictability between Las Vegas time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Las Vegas Sands price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Las Vegas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 20.88 |
Las Vegas Sands lagged returns against current returns
Autocorrelation, which is Las Vegas 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 Las Vegas' stock expected returns. We can calculate the autocorrelation of Las Vegas returns to help us make a trade decision. For example, suppose you find that Las Vegas 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 |
Las Vegas 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 Las Vegas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Las Vegas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Las Vegas stock over time.
Current vs Lagged Prices |
| Timeline |
Las Vegas Lagged Returns
When evaluating Las Vegas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Las Vegas stock have on its future price. Las Vegas 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, Las Vegas autocorrelation shows the relationship between Las Vegas stock current value and its past values and can show if there is a momentum factor associated with investing in Las Vegas Sands.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Las Stock
When determining whether Las Vegas Sands is a strong investment it is important to analyze Las Vegas' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Las Vegas' future performance. For an informed investment choice regarding Las Stock, refer to the following important reports:Check out Las Vegas Correlation, Las Vegas Volatility and Las Vegas Alpha and Beta module to complement your research on Las Vegas. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Las Vegas 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.