LeadDesk Oyj (Finland) Market Value
| LEADD Stock | EUR 6.50 0.02 0.31% |
| Symbol | LeadDesk |
LeadDesk Oyj '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 LeadDesk Oyj'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 LeadDesk Oyj.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in LeadDesk Oyj on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding LeadDesk Oyj or generate 0.0% return on investment in LeadDesk Oyj over 30 days. LeadDesk Oyj is related to or competes with SSH Communications, United Bankers, and QPR Software. LeadDesk Oy operates as a cloud-based software company in Europe More
LeadDesk Oyj 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 LeadDesk Oyj'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 LeadDesk Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.4 |
LeadDesk Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LeadDesk Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LeadDesk Oyj's standard deviation. In reality, there are many statistical measures that can use LeadDesk Oyj historical prices to predict the future LeadDesk Oyj's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LeadDesk Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LeadDesk Oyj Backtested Returns
LeadDesk Oyj has Sharpe Ratio of -0.0459, which conveys that the firm had a -0.0459% return per unit of risk over the last 3 months. LeadDesk Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LeadDesk Oyj's Standard Deviation of 1.82, risk adjusted performance of (0.04), and Mean Deviation of 1.28 to check out the risk estimate we provide. 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, LeadDesk Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding LeadDesk Oyj is expected to be smaller as well. At this point, LeadDesk Oyj has a negative expected return of -0.083%. Please make sure to verify LeadDesk Oyj's treynor ratio, skewness, and the relationship between the jensen alpha and value at risk , to decide if LeadDesk Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
LeadDesk Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between LeadDesk Oyj time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 LeadDesk Oyj price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current LeadDesk Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
LeadDesk Oyj lagged returns against current returns
Autocorrelation, which is LeadDesk Oyj 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 LeadDesk Oyj's stock expected returns. We can calculate the autocorrelation of LeadDesk Oyj returns to help us make a trade decision. For example, suppose you find that LeadDesk Oyj 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 |
LeadDesk Oyj 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 LeadDesk Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LeadDesk Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LeadDesk Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
LeadDesk Oyj Lagged Returns
When evaluating LeadDesk Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LeadDesk Oyj stock have on its future price. LeadDesk Oyj 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, LeadDesk Oyj autocorrelation shows the relationship between LeadDesk Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in LeadDesk Oyj.
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.Other Information on Investing in LeadDesk Stock
LeadDesk Oyj financial ratios help investors to determine whether LeadDesk 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 LeadDesk with respect to the benefits of owning LeadDesk Oyj security.