LG Display (Germany) Market Value
| LGA Stock | EUR 3.26 0.06 1.81% |
| Symbol | LGA |
LG Display '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 LG Display'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 LG Display.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in LG Display on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding LG Display Co or generate 0.0% return on investment in LG Display over 390 days. LG Display is related to or competes with AIR PRODCHEMICALS, Sekisui Chemical, Mitsubishi Gas, JAPAN TOBACCO, SEKISUI CHEMICAL, THAI BEVERAGE, and Mitsui Chemicals. LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light emitting diode... More
LG Display 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 LG Display'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 LG Display Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 3.45 |
LG Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Display's standard deviation. In reality, there are many statistical measures that can use LG Display historical prices to predict the future LG Display's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (2.31) |
LG Display Backtested Returns
LG Display retains Efficiency (Sharpe Ratio) of -0.0853, which conveys that the firm had a -0.0853% return per unit of price deviation over the last 3 months. LG Display exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Display's Market Risk Adjusted Performance of (2.30), information ratio of (0.15), and Mean Deviation of 1.36 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.0795, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LG Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Display is expected to be smaller as well. At this point, LG Display has a negative expected return of -0.17%. Please make sure to verify LG Display's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if LG Display performance from the past will be repeated sooner or later.
Auto-correlation | 0.25 |
Poor predictability
LG Display Co has poor predictability. Overlapping area represents the amount of predictability between LG Display time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 LG Display price movement. The serial correlation of 0.25 indicates that over 25.0% of current LG Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
LG Display lagged returns against current returns
Autocorrelation, which is LG Display 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 LG Display's stock expected returns. We can calculate the autocorrelation of LG Display returns to help us make a trade decision. For example, suppose you find that LG Display 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 |
LG Display 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 LG Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Display stock over time.
Current vs Lagged Prices |
| Timeline |
LG Display Lagged Returns
When evaluating LG Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Display stock have on its future price. LG Display 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, LG Display autocorrelation shows the relationship between LG Display stock current value and its past values and can show if there is a momentum factor associated with investing in LG Display Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in LGA Stock
When determining whether LG Display is a strong investment it is important to analyze LG Display'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 LG Display's future performance. For an informed investment choice regarding LGA Stock, refer to the following important reports:Check out LG Display Correlation, LG Display Volatility and LG Display Alpha and Beta module to complement your research on LG Display. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
LG Display 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.