Lenzing Aktiengesellscha (Austria) Market Value
| LNZ Stock | EUR 30.00 0.45 1.52% |
| Symbol | Lenzing |
Lenzing Aktiengesellscha '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 Lenzing Aktiengesellscha'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 Lenzing Aktiengesellscha.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Lenzing Aktiengesellscha on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Lenzing Aktiengesellschaft or generate 0.0% return on investment in Lenzing Aktiengesellscha over 690 days. Lenzing Aktiengesellscha is related to or competes with Voestalpine, Andritz AG, Wienerberger, OMV Aktiengesellscha, and VERBUND AG. More
Lenzing Aktiengesellscha 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 Lenzing Aktiengesellscha'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 Lenzing Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.55 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 2.95 |
Lenzing Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lenzing Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lenzing Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use Lenzing Aktiengesellscha historical prices to predict the future Lenzing Aktiengesellscha's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.13) |
Lenzing Aktiengesellscha Backtested Returns
Lenzing Aktiengesellscha has Sharpe Ratio of -0.0072, which conveys that the firm had a -0.0072% return per unit of risk over the last 3 months. Lenzing Aktiengesellscha exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lenzing Aktiengesellscha's Risk Adjusted Performance of (0.01), standard deviation of 1.95, and Mean Deviation of 1.52 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lenzing Aktiengesellscha's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lenzing Aktiengesellscha is expected to be smaller as well. At this point, Lenzing Aktiengesellscha has a negative expected return of -0.0141%. Please make sure to verify Lenzing Aktiengesellscha's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Lenzing Aktiengesellscha performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Lenzing Aktiengesellschaft has very weak reverse predictability. Overlapping area represents the amount of predictability between Lenzing Aktiengesellscha time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Lenzing Aktiengesellscha price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Lenzing Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 4.93 |
Lenzing Aktiengesellscha lagged returns against current returns
Autocorrelation, which is Lenzing Aktiengesellscha 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 Lenzing Aktiengesellscha's stock expected returns. We can calculate the autocorrelation of Lenzing Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that Lenzing Aktiengesellscha 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 |
Lenzing Aktiengesellscha 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 Lenzing Aktiengesellscha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lenzing Aktiengesellscha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lenzing Aktiengesellscha stock over time.
Current vs Lagged Prices |
| Timeline |
Lenzing Aktiengesellscha Lagged Returns
When evaluating Lenzing Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lenzing Aktiengesellscha stock have on its future price. Lenzing Aktiengesellscha 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, Lenzing Aktiengesellscha autocorrelation shows the relationship between Lenzing Aktiengesellscha stock current value and its past values and can show if there is a momentum factor associated with investing in Lenzing Aktiengesellschaft.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Lenzing Stock
Lenzing Aktiengesellscha financial ratios help investors to determine whether Lenzing 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 Lenzing with respect to the benefits of owning Lenzing Aktiengesellscha security.