Linedata Services (France) Market Value
| LIN Stock | EUR 80.20 0.40 0.50% |
| Symbol | Linedata |
Linedata Services '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 Linedata Services' 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 Linedata Services.
| 05/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Linedata Services on May 29, 2024 and sell it all today you would earn a total of 0.00 from holding Linedata Services SA or generate 0.0% return on investment in Linedata Services over 180 days. Linedata Services is related to or competes with Sword Group, Lectra SA, Neurones, Aubay Socit, and Groupe CRIT. Linedata Services S.A. provides technology solutions for asset management and credit industries in France and internatio... More
Linedata Services 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 Linedata Services' 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 Linedata Services SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.032 | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.33 |
Linedata Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linedata Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linedata Services' standard deviation. In reality, there are many statistical measures that can use Linedata Services historical prices to predict the future Linedata Services' volatility.| Risk Adjusted Performance | 0.0856 | |||
| Jensen Alpha | 0.1905 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0341 | |||
| Treynor Ratio | (1.84) |
Linedata Services Backtested Returns
Linedata Services appears to be very steady, given 3 months investment horizon. Linedata Services has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Linedata Services, which you can use to evaluate the volatility of the firm. Please exercise Linedata Services' Mean Deviation of 1.18, risk adjusted performance of 0.0856, and Downside Deviation of 1.7 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Linedata Services holds a performance score of 9. The company secures a Beta (Market Risk) of -0.097, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Linedata Services are expected to decrease at a much lower rate. During the bear market, Linedata Services is likely to outperform the market. Please check Linedata Services' sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Linedata Services' current price movements will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Linedata Services SA has poor reverse predictability. Overlapping area represents the amount of predictability between Linedata Services time series from 29th of May 2024 to 27th of August 2024 and 27th of August 2024 to 25th 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 Linedata Services price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Linedata Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 19.85 |
Linedata Services lagged returns against current returns
Autocorrelation, which is Linedata Services 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 Linedata Services' stock expected returns. We can calculate the autocorrelation of Linedata Services returns to help us make a trade decision. For example, suppose you find that Linedata Services 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 |
Linedata Services 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 Linedata Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linedata Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linedata Services stock over time.
Current vs Lagged Prices |
| Timeline |
Linedata Services Lagged Returns
When evaluating Linedata Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linedata Services stock have on its future price. Linedata Services 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, Linedata Services autocorrelation shows the relationship between Linedata Services stock current value and its past values and can show if there is a momentum factor associated with investing in Linedata Services SA.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Linedata Stock
Linedata Services financial ratios help investors to determine whether Linedata Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Linedata with respect to the benefits of owning Linedata Services security.