Logintrade (Poland) Market Value
| LGT Stock | 3.26 0.24 6.86% |
| Symbol | Logintrade |
Please note, there is a significant difference between Logintrade's value and its price as these two are different measures arrived at by different means. Investors typically determine if Logintrade is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Logintrade's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Logintrade '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 Logintrade'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 Logintrade.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Logintrade on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Logintrade SA or generate 0.0% return on investment in Logintrade over 360 days. Logintrade is related to or competes with Banco Santander, UniCredit SpA, CEZ As, Polski Koncern, Dino Polska, Allegroeu, and Santander Bank. More
Logintrade 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 Logintrade'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 Logintrade SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.3 | |||
| Information Ratio | 0.0494 | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 8.16 |
Logintrade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Logintrade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Logintrade's standard deviation. In reality, there are many statistical measures that can use Logintrade historical prices to predict the future Logintrade's volatility.| Risk Adjusted Performance | 0.07 | |||
| Jensen Alpha | 0.3452 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.048 | |||
| Treynor Ratio | (2.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Logintrade'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.
Logintrade SA Backtested Returns
Logintrade appears to be risky, given 3 months investment horizon. Logintrade SA has Sharpe Ratio of 0.0781, which conveys that the firm had a 0.0781% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Logintrade, which you can use to evaluate the volatility of the firm. Please exercise Logintrade's Mean Deviation of 2.97, downside deviation of 4.3, and Risk Adjusted Performance of 0.07 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Logintrade holds a performance score of 6. 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 Logintrade are expected to decrease at a much lower rate. During the bear market, Logintrade is likely to outperform the market. Please check Logintrade's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Logintrade's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
Logintrade SA has below average predictability. Overlapping area represents the amount of predictability between Logintrade time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 Logintrade SA price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Logintrade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Logintrade SA lagged returns against current returns
Autocorrelation, which is Logintrade 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 Logintrade's stock expected returns. We can calculate the autocorrelation of Logintrade returns to help us make a trade decision. For example, suppose you find that Logintrade 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 |
Logintrade 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 Logintrade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Logintrade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Logintrade stock over time.
Current vs Lagged Prices |
| Timeline |
Logintrade Lagged Returns
When evaluating Logintrade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Logintrade stock have on its future price. Logintrade 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, Logintrade autocorrelation shows the relationship between Logintrade stock current value and its past values and can show if there is a momentum factor associated with investing in Logintrade SA.
Regressed Prices |
| Timeline |
Pair Trading with Logintrade
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 Logintrade 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 Logintrade will appreciate offsetting losses from the drop in the long position's value.Moving together with Logintrade Stock
Moving against Logintrade Stock
| 0.72 | ALE | Allegroeu SA | PairCorr |
| 0.69 | MBK | mBank SA | PairCorr |
| 0.67 | PCO | Pepco Group BV | PairCorr |
| 0.61 | BNP | BNP Paribas Bank | PairCorr |
| 0.58 | PKN | Polski Koncern Naftowy | PairCorr |
The ability to find closely correlated positions to Logintrade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Logintrade 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 Logintrade - 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 Logintrade SA to buy it.
The correlation of Logintrade 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 Logintrade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Logintrade SA 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 Logintrade 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.Additional Tools for Logintrade Stock Analysis
When running Logintrade's price analysis, check to measure Logintrade'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 Logintrade is operating at the current time. Most of Logintrade's value examination focuses on studying past and present price action to predict the probability of Logintrade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Logintrade's price. Additionally, you may evaluate how the addition of Logintrade to your portfolios can decrease your overall portfolio volatility.