Leading Edge (Sweden) Market Value
| LEMSE Stock | SEK 0.77 0.03 3.75% |
| Symbol | Leading |
Leading Edge '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 Leading Edge'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 Leading Edge.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Leading Edge on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Leading Edge Materials or generate 0.0% return on investment in Leading Edge over 540 days. Leading Edge is related to or competes with Boliden AB, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, EEducation Albert, and Lipum AB. More
Leading Edge 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 Leading Edge'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 Leading Edge Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.94 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.33 |
Leading Edge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leading Edge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leading Edge's standard deviation. In reality, there are many statistical measures that can use Leading Edge historical prices to predict the future Leading Edge's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.4388 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leading Edge'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.
Leading Edge Materials Backtested Returns
Leading Edge Materials has Sharpe Ratio of -0.0206, which conveys that the firm had a -0.0206% return per unit of risk over the last 3 months. Leading Edge exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leading Edge's Standard Deviation of 2.8, mean deviation of 2.06, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Leading Edge are expected to decrease at a much lower rate. During the bear market, Leading Edge is likely to outperform the market. At this point, Leading Edge Materials has a negative expected return of -0.0581%. Please make sure to verify Leading Edge's jensen alpha and the relationship between the value at risk and day typical price , to decide if Leading Edge Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Leading Edge Materials has poor predictability. Overlapping area represents the amount of predictability between Leading Edge time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Leading Edge Materials price movement. The serial correlation of 0.25 indicates that over 25.0% of current Leading Edge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Leading Edge Materials lagged returns against current returns
Autocorrelation, which is Leading Edge 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 Leading Edge's stock expected returns. We can calculate the autocorrelation of Leading Edge returns to help us make a trade decision. For example, suppose you find that Leading Edge 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 |
Leading Edge 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 Leading Edge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leading Edge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leading Edge stock over time.
Current vs Lagged Prices |
| Timeline |
Leading Edge Lagged Returns
When evaluating Leading Edge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leading Edge stock have on its future price. Leading Edge 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, Leading Edge autocorrelation shows the relationship between Leading Edge stock current value and its past values and can show if there is a momentum factor associated with investing in Leading Edge Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Leading Stock Analysis
When running Leading Edge's price analysis, check to measure Leading Edge'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 Leading Edge is operating at the current time. Most of Leading Edge's value examination focuses on studying past and present price action to predict the probability of Leading Edge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leading Edge's price. Additionally, you may evaluate how the addition of Leading Edge to your portfolios can decrease your overall portfolio volatility.