Legacy Iron (Australia) Market Value
| LCY Stock | 0.01 0 20.63% |
| Symbol | Legacy |
Legacy Iron '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 Legacy Iron'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 Legacy Iron.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Legacy Iron on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Legacy Iron Ore or generate 0.0% return on investment in Legacy Iron over 510 days. Legacy Iron is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Legacy Iron is entity of Australia. It is traded as Stock on AU exchange. More
Legacy Iron 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 Legacy Iron'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 Legacy Iron Ore upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.29 |
Legacy Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legacy Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legacy Iron's standard deviation. In reality, there are many statistical measures that can use Legacy Iron historical prices to predict the future Legacy Iron's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | 0.9894 |
Legacy Iron Ore Backtested Returns
Legacy Iron Ore has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Legacy Iron exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legacy Iron's Standard Deviation of 3.27, mean deviation of 1.11, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.46, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Legacy Iron are expected to decrease at a much lower rate. During the bear market, Legacy Iron is likely to outperform the market. At this point, Legacy Iron Ore has a negative expected return of -0.37%. Please make sure to verify Legacy Iron's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Legacy Iron Ore performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Legacy Iron Ore has poor predictability. Overlapping area represents the amount of predictability between Legacy Iron time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Legacy Iron Ore price movement. The serial correlation of 0.25 indicates that over 25.0% of current Legacy Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legacy Iron Ore lagged returns against current returns
Autocorrelation, which is Legacy Iron 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 Legacy Iron's stock expected returns. We can calculate the autocorrelation of Legacy Iron returns to help us make a trade decision. For example, suppose you find that Legacy Iron 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 |
Legacy Iron 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 Legacy Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legacy Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legacy Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Legacy Iron Lagged Returns
When evaluating Legacy Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legacy Iron stock have on its future price. Legacy Iron 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, Legacy Iron autocorrelation shows the relationship between Legacy Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Legacy Iron Ore.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Legacy Stock Analysis
When running Legacy Iron's price analysis, check to measure Legacy Iron'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 Legacy Iron is operating at the current time. Most of Legacy Iron's value examination focuses on studying past and present price action to predict the probability of Legacy Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Iron's price. Additionally, you may evaluate how the addition of Legacy Iron to your portfolios can decrease your overall portfolio volatility.