Lidds AB (Sweden) Market Value
| LIDDS Stock | SEK 0.12 0.01 7.69% |
| Symbol | Lidds |
Lidds AB '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 Lidds AB'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 Lidds AB.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Lidds AB on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Lidds AB or generate 0.0% return on investment in Lidds AB over 60 days. Lidds AB is related to or competes with Orexo AB, and Anoto Group. LIDDS AB develops and sells pharmaceutical products for cancer and other diseases worldwide More
Lidds AB 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 Lidds AB'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 Lidds AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.86 | |||
| Information Ratio | 0.0361 | |||
| Maximum Drawdown | 64.77 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Lidds AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lidds AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lidds AB's standard deviation. In reality, there are many statistical measures that can use Lidds AB historical prices to predict the future Lidds AB's volatility.| Risk Adjusted Performance | 0.0456 | |||
| Jensen Alpha | 0.7904 | |||
| Total Risk Alpha | (1.29) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lidds AB'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.
Lidds AB Backtested Returns
Lidds AB appears to be out of control, given 3 months investment horizon. Lidds AB has Sharpe Ratio of 0.0473, which conveys that the firm had a 0.0473% return per unit of risk over the last 3 months. By analyzing Lidds AB's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Lidds AB's Risk Adjusted Performance of 0.0456, downside deviation of 14.86, and Mean Deviation of 7.56 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lidds AB holds a performance score of 3. The company secures a Beta (Market Risk) of -2.07, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Lidds AB are expected to decrease by larger amounts. On the other hand, during market turmoil, Lidds AB is expected to outperform it. Please check Lidds AB's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Lidds AB's current price movements will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Lidds AB has weak reverse predictability. Overlapping area represents the amount of predictability between Lidds AB time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 Lidds AB price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Lidds AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lidds AB lagged returns against current returns
Autocorrelation, which is Lidds AB 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 Lidds AB's stock expected returns. We can calculate the autocorrelation of Lidds AB returns to help us make a trade decision. For example, suppose you find that Lidds AB 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 |
Lidds AB 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 Lidds AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lidds AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lidds AB stock over time.
Current vs Lagged Prices |
| Timeline |
Lidds AB Lagged Returns
When evaluating Lidds AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lidds AB stock have on its future price. Lidds AB 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, Lidds AB autocorrelation shows the relationship between Lidds AB stock current value and its past values and can show if there is a momentum factor associated with investing in Lidds AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Lidds Stock Analysis
When running Lidds AB's price analysis, check to measure Lidds AB'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 Lidds AB is operating at the current time. Most of Lidds AB's value examination focuses on studying past and present price action to predict the probability of Lidds AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lidds AB's price. Additionally, you may evaluate how the addition of Lidds AB to your portfolios can decrease your overall portfolio volatility.