LED IBond (Denmark) Market Value
| LEDIBOND | DKK 0.32 0.04 11.11% |
| Symbol | LED |
LED IBond '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 LED IBond'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 LED IBond.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in LED IBond on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding LED iBond International or generate 0.0% return on investment in LED IBond over 360 days. LED IBond is related to or competes with Gabriel Holding, Broedrene, FOM Technologies, and Skjern Bank. LED iBond International AS provides LED lighting solutions in Denmark More
LED IBond 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 LED IBond'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 LED iBond International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.45 | |||
| Information Ratio | 0.0804 | |||
| Maximum Drawdown | 155.41 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 23.33 |
LED IBond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LED IBond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LED IBond's standard deviation. In reality, there are many statistical measures that can use LED IBond historical prices to predict the future LED IBond's volatility.| Risk Adjusted Performance | 0.0764 | |||
| Jensen Alpha | 1.44 | |||
| Total Risk Alpha | (1.39) | |||
| Sortino Ratio | 0.096 | |||
| Treynor Ratio | 0.7845 |
LED iBond International Backtested Returns
LED IBond is out of control given 3 months investment horizon. LED iBond International has Sharpe Ratio of 0.0897, which conveys that the firm had a 0.0897% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 1.76% are justified by taking the suggested risk. Use LED iBond International mean deviation of 9.88, and Risk Adjusted Performance of 0.0764 to evaluate company specific risk that cannot be diversified away. LED IBond holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.17, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LED IBond will likely underperform. Use LED iBond International total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to analyze future returns on LED iBond International.
Auto-correlation | 0.61 |
Good predictability
LED iBond International has good predictability. Overlapping area represents the amount of predictability between LED IBond time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 LED iBond International price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current LED IBond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LED iBond International lagged returns against current returns
Autocorrelation, which is LED IBond 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 LED IBond's stock expected returns. We can calculate the autocorrelation of LED IBond returns to help us make a trade decision. For example, suppose you find that LED IBond 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 |
LED IBond 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 LED IBond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LED IBond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LED IBond stock over time.
Current vs Lagged Prices |
| Timeline |
LED IBond Lagged Returns
When evaluating LED IBond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LED IBond stock have on its future price. LED IBond 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, LED IBond autocorrelation shows the relationship between LED IBond stock current value and its past values and can show if there is a momentum factor associated with investing in LED iBond International.
Regressed Prices |
| Timeline |
Pair Trading with LED IBond
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 LED IBond 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 LED IBond will appreciate offsetting losses from the drop in the long position's value.Moving against LED Stock
The ability to find closely correlated positions to LED IBond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LED IBond 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 LED IBond - 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 LED iBond International to buy it.
The correlation of LED IBond 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 LED IBond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LED iBond International 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 LED IBond 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.Other Information on Investing in LED Stock
LED IBond financial ratios help investors to determine whether LED 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 LED with respect to the benefits of owning LED IBond security.