Lion Electric Corp Stock Market Value
| LEV Stock | CAD 0.29 0.03 9.38% |
| Symbol | Lion |
Lion Electric Corp Price To Book Ratio
Lion Electric '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 Lion Electric'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 Lion Electric.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Lion Electric on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Lion Electric Corp or generate 0.0% return on investment in Lion Electric over 480 days. Lion Electric is related to or competes with Lion Electric, Alimentation Couchen, and BRP. The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-d... More
Lion Electric 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 Lion Electric'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 Lion Electric Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 37.25 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 5.88 |
Lion Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lion Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lion Electric's standard deviation. In reality, there are many statistical measures that can use Lion Electric historical prices to predict the future Lion Electric's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.56) | |||
| Total Risk Alpha | (2.59) | |||
| Treynor Ratio | (4.43) |
Lion Electric Corp Backtested Returns
Lion Electric Corp has Sharpe Ratio of -0.23, which conveys that the firm had a -0.23% return per unit of risk over the last 3 months. Lion Electric exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lion Electric's Risk Adjusted Performance of (0.16), mean deviation of 4.09, and Standard Deviation of 6.81 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lion Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lion Electric is expected to be smaller as well. At this point, Lion Electric Corp has a negative expected return of -1.59%. Please make sure to verify Lion Electric's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Lion Electric Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Lion Electric Corp has good predictability. Overlapping area represents the amount of predictability between Lion Electric time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 Lion Electric Corp price movement. The serial correlation of 0.78 indicates that around 78.0% of current Lion Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Lion Electric Corp lagged returns against current returns
Autocorrelation, which is Lion Electric 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 Lion Electric's stock expected returns. We can calculate the autocorrelation of Lion Electric returns to help us make a trade decision. For example, suppose you find that Lion Electric 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 |
Lion Electric 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 Lion Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lion Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lion Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Lion Electric Lagged Returns
When evaluating Lion Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lion Electric stock have on its future price. Lion Electric 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, Lion Electric autocorrelation shows the relationship between Lion Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Lion Electric Corp.
Regressed Prices |
| Timeline |
When determining whether Lion Electric Corp is a strong investment it is important to analyze Lion Electric's 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 Lion Electric's future performance. For an informed investment choice regarding Lion Stock, refer to the following important reports:
Check out Lion Electric Correlation, Lion Electric Volatility and Lion Electric Alpha and Beta module to complement your research on Lion Electric. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Lion Electric 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.