Linde Plc Ordinary Stock Market Value
| LIN Stock | USD 454.78 0.29 0.06% |
| Symbol | Linde |
Linde plc Ordinary Price To Book Ratio
Is Industrial Gases space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Linde Plc. If investors know Linde will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Linde Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.009 | Dividend Share 5.44 | Earnings Share 13.19 | Revenue Per Share 68.67 | Quarterly Revenue Growth 0.025 |
The market value of Linde plc Ordinary is measured differently than its book value, which is the value of Linde that is recorded on the company's balance sheet. Investors also form their own opinion of Linde Plc's value that differs from its market value or its book value, called intrinsic value, which is Linde Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Linde Plc's market value can be influenced by many factors that don't directly affect Linde Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Linde Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Linde Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Linde Plc'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.
Linde Plc '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 Linde Plc'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 Linde Plc.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Linde Plc on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Linde plc Ordinary or generate 0.0% return on investment in Linde Plc over 720 days. Linde Plc is related to or competes with PPG Industries, Ecolab, Sherwin Williams, LyondellBasell Industries, Air Products, RPM International, and Eastman Chemical. Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Afr... More
Linde Plc 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 Linde Plc'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 Linde plc Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.34 |
Linde Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linde Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linde Plc's standard deviation. In reality, there are many statistical measures that can use Linde Plc historical prices to predict the future Linde Plc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.04) |
Linde plc Ordinary Backtested Returns
Linde plc Ordinary has Sharpe Ratio of -0.0562, which conveys that the firm had a -0.0562% return per unit of risk over the last 3 months. Linde Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Linde Plc's Mean Deviation of 0.6826, risk adjusted performance of (0.01), and Standard Deviation of 0.9023 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Linde Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Linde Plc is expected to be smaller as well. At this point, Linde plc Ordinary has a negative expected return of -0.0506%. Please make sure to verify Linde Plc's skewness, as well as the relationship between the day median price and relative strength index , to decide if Linde plc Ordinary performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Linde plc Ordinary has good predictability. Overlapping area represents the amount of predictability between Linde Plc time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Linde plc Ordinary price movement. The serial correlation of 0.66 indicates that around 66.0% of current Linde Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 575.49 |
Linde plc Ordinary lagged returns against current returns
Autocorrelation, which is Linde Plc 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 Linde Plc's stock expected returns. We can calculate the autocorrelation of Linde Plc returns to help us make a trade decision. For example, suppose you find that Linde Plc 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 |
Linde Plc 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 Linde Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linde Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linde Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Linde Plc Lagged Returns
When evaluating Linde Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linde Plc stock have on its future price. Linde Plc 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, Linde Plc autocorrelation shows the relationship between Linde Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Linde plc Ordinary.
Regressed Prices |
| Timeline |
Pair Trading with Linde Plc
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 Linde Plc 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 Linde Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with Linde Stock
Moving against Linde Stock
| 0.72 | ECVT | Ecovyst | PairCorr |
| 0.61 | WDFC | WD 40 Company | PairCorr |
| 0.6 | WTTR | Select Energy Services | PairCorr |
| 0.35 | ALB | Albemarle Corp | PairCorr |
| 0.34 | ALB-PA | Albemarle | PairCorr |
The ability to find closely correlated positions to Linde Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Linde Plc 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 Linde Plc - 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 Linde plc Ordinary to buy it.
The correlation of Linde Plc 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 Linde Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Linde plc Ordinary 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 Linde Plc 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.Check out Linde Plc Correlation, Linde Plc Volatility and Linde Plc Alpha and Beta module to complement your research on Linde Plc. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Linde Plc 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.