Lkq Corporation Stock Market Value
| LKQ Stock | USD 37.88 0.56 1.50% |
| Symbol | LKQ |
LKQ Corporation Price To Book Ratio
Is Distributors 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 LKQ. If investors know LKQ 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 LKQ 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 (0.06) | Dividend Share 1.2 | Earnings Share 2.71 | Revenue Per Share 54.595 | Quarterly Revenue Growth 0.004 |
The market value of LKQ Corporation is measured differently than its book value, which is the value of LKQ that is recorded on the company's balance sheet. Investors also form their own opinion of LKQ's value that differs from its market value or its book value, called intrinsic value, which is LKQ'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 LKQ's market value can be influenced by many factors that don't directly affect LKQ'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 LKQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if LKQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LKQ'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.
LKQ '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 LKQ'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 LKQ.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in LKQ on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding LKQ Corporation or generate 0.0% return on investment in LKQ over 30 days. LKQ is related to or competes with Gentex, Adient PLC, Autoliv, Fox Factory, Dana, Lear, and Dorman Products. LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles More
LKQ 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 LKQ'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 LKQ Corporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.21 |
LKQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LKQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LKQ's standard deviation. In reality, there are many statistical measures that can use LKQ historical prices to predict the future LKQ's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.17) |
LKQ Corporation Backtested Returns
LKQ Corporation has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of volatility over the last 3 months. LKQ exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LKQ's mean deviation of 0.995, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. LKQ returns are very sensitive to returns on the market. As the market goes up or down, LKQ is expected to follow. At this point, LKQ Corporation has a negative expected return of -0.16%. Please make sure to verify LKQ's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if LKQ Corporation performance from the past will be repeated at future time.
Auto-correlation | -0.29 |
Weak reverse predictability
LKQ Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between LKQ time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 LKQ Corporation price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current LKQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
LKQ Corporation lagged returns against current returns
Autocorrelation, which is LKQ 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 LKQ's stock expected returns. We can calculate the autocorrelation of LKQ returns to help us make a trade decision. For example, suppose you find that LKQ 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 |
LKQ 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 LKQ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LKQ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LKQ stock over time.
Current vs Lagged Prices |
| Timeline |
LKQ Lagged Returns
When evaluating LKQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LKQ stock have on its future price. LKQ 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, LKQ autocorrelation shows the relationship between LKQ stock current value and its past values and can show if there is a momentum factor associated with investing in LKQ Corporation.
Regressed Prices |
| Timeline |
Pair Trading with LKQ
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 LKQ 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 LKQ will appreciate offsetting losses from the drop in the long position's value.Moving together with LKQ Stock
Moving against LKQ Stock
| 0.72 | EVGO | Evgo Inc | PairCorr |
| 0.69 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.61 | BQ | Boqii Holding Limited | PairCorr |
| 0.6 | VSCO | Victorias Secret | PairCorr |
The ability to find closely correlated positions to LKQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LKQ 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 LKQ - 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 LKQ Corporation to buy it.
The correlation of LKQ 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 LKQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LKQ Corporation 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 LKQ 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 LKQ Stock Analysis
When running LKQ's price analysis, check to measure LKQ'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 LKQ is operating at the current time. Most of LKQ's value examination focuses on studying past and present price action to predict the probability of LKQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LKQ's price. Additionally, you may evaluate how the addition of LKQ to your portfolios can decrease your overall portfolio volatility.