Logitech International (Switzerland) Market Value
| LOGN Stock | CHF 71.02 0.76 1.08% |
| Symbol | Logitech |
Logitech International '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 Logitech International'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 Logitech International.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Logitech International on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Logitech International SA or generate 0.0% return on investment in Logitech International over 60 days. Logitech International is related to or competes with Geberit AG, Sika AG, Lonza Group, Swiss Life, and Zurich Insurance. Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people t... More
Logitech International 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 Logitech International'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 Logitech International SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.79 |
Logitech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Logitech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Logitech International's standard deviation. In reality, there are many statistical measures that can use Logitech International historical prices to predict the future Logitech International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 5.79 |
Logitech International Backtested Returns
Logitech International has Sharpe Ratio of -0.0492, which conveys that the firm had a -0.0492% return per unit of risk over the last 3 months. Logitech International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Logitech International's Mean Deviation of 1.28, risk adjusted performance of (0.04), and Standard Deviation of 1.8 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0191, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Logitech International are expected to decrease at a much lower rate. During the bear market, Logitech International is likely to outperform the market. At this point, Logitech International has a negative expected return of -0.0885%. Please make sure to verify Logitech International's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Logitech International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Logitech International SA has weak reverse predictability. Overlapping area represents the amount of predictability between Logitech International time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Logitech International price movement. The serial correlation of -0.23 indicates that over 23.0% of current Logitech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.17 |
Logitech International lagged returns against current returns
Autocorrelation, which is Logitech International 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 Logitech International's stock expected returns. We can calculate the autocorrelation of Logitech International returns to help us make a trade decision. For example, suppose you find that Logitech International 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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Logitech International 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 Logitech International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Logitech International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Logitech International stock over time.
Current vs Lagged Prices |
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Logitech International Lagged Returns
When evaluating Logitech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Logitech International stock have on its future price. Logitech International 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, Logitech International autocorrelation shows the relationship between Logitech International stock current value and its past values and can show if there is a momentum factor associated with investing in Logitech International SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Logitech Stock Analysis
When running Logitech International's price analysis, check to measure Logitech International'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 Logitech International is operating at the current time. Most of Logitech International's value examination focuses on studying past and present price action to predict the probability of Logitech International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Logitech International's price. Additionally, you may evaluate how the addition of Logitech International to your portfolios can decrease your overall portfolio volatility.