LONGHORN PUBLISHERS (Kenya) Market Value
| LKL Stock | 2.30 0.20 9.52% |
| Symbol | LONGHORN |
LONGHORN PUBLISHERS '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 LONGHORN PUBLISHERS'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 LONGHORN PUBLISHERS.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in LONGHORN PUBLISHERS on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding LONGHORN PUBLISHERS LTD or generate 0.0% return on investment in LONGHORN PUBLISHERS over 30 days.
LONGHORN PUBLISHERS 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 LONGHORN PUBLISHERS'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 LONGHORN PUBLISHERS LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.55 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 8.7 |
LONGHORN PUBLISHERS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LONGHORN PUBLISHERS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LONGHORN PUBLISHERS's standard deviation. In reality, there are many statistical measures that can use LONGHORN PUBLISHERS historical prices to predict the future LONGHORN PUBLISHERS's volatility.| Risk Adjusted Performance | 0.0224 | |||
| Jensen Alpha | 0.0082 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1176 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LONGHORN PUBLISHERS'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.
LONGHORN PUBLISHERS LTD Backtested Returns
At this point, LONGHORN PUBLISHERS is very risky. LONGHORN PUBLISHERS LTD has Sharpe Ratio of 0.0211, which conveys that the firm had a 0.0211% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for LONGHORN PUBLISHERS, which you can use to evaluate the volatility of the firm. Please verify LONGHORN PUBLISHERS's mean deviation of 2.56, and Risk Adjusted Performance of 0.0224 to check out if the risk estimate we provide is consistent with the expected return of 0.0902%. LONGHORN PUBLISHERS has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LONGHORN PUBLISHERS's returns are expected to increase less than the market. However, during the bear market, the loss of holding LONGHORN PUBLISHERS is expected to be smaller as well. LONGHORN PUBLISHERS LTD currently secures a risk of 4.28%. Please verify LONGHORN PUBLISHERS LTD downside variance, and the relationship between the treynor ratio and kurtosis , to decide if LONGHORN PUBLISHERS LTD will be following its current price movements.
Auto-correlation | 0.62 |
Good predictability
LONGHORN PUBLISHERS LTD has good predictability. Overlapping area represents the amount of predictability between LONGHORN PUBLISHERS time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 LONGHORN PUBLISHERS LTD price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current LONGHORN PUBLISHERS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
LONGHORN PUBLISHERS LTD lagged returns against current returns
Autocorrelation, which is LONGHORN PUBLISHERS 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 LONGHORN PUBLISHERS's stock expected returns. We can calculate the autocorrelation of LONGHORN PUBLISHERS returns to help us make a trade decision. For example, suppose you find that LONGHORN PUBLISHERS 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 |
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LONGHORN PUBLISHERS 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 LONGHORN PUBLISHERS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LONGHORN PUBLISHERS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LONGHORN PUBLISHERS stock over time.
Current vs Lagged Prices |
| Timeline |
LONGHORN PUBLISHERS Lagged Returns
When evaluating LONGHORN PUBLISHERS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LONGHORN PUBLISHERS stock have on its future price. LONGHORN PUBLISHERS 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, LONGHORN PUBLISHERS autocorrelation shows the relationship between LONGHORN PUBLISHERS stock current value and its past values and can show if there is a momentum factor associated with investing in LONGHORN PUBLISHERS LTD.
Regressed Prices |
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