Longvie SA (Argentina) Market Value
| LONG Stock | ARS 45.85 3.85 9.17% |
| Symbol | Longvie |
Longvie SA '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 Longvie SA'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 Longvie SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Longvie SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Longvie SA or generate 0.0% return on investment in Longvie SA over 360 days. Longvie SA is related to or competes with Compania, Agrometal SAI, and Harmony Gold. Longvie S.A. produces and sells household appliances in Argentina More
Longvie SA 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 Longvie SA'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 Longvie SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.33 | |||
| Information Ratio | 0.1438 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 5.75 |
Longvie SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longvie SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longvie SA's standard deviation. In reality, there are many statistical measures that can use Longvie SA historical prices to predict the future Longvie SA's volatility.| Risk Adjusted Performance | 0.1515 | |||
| Jensen Alpha | 0.6057 | |||
| Total Risk Alpha | 0.0561 | |||
| Sortino Ratio | 0.1909 | |||
| Treynor Ratio | (2.22) |
Longvie SA Backtested Returns
Longvie SA appears to be very steady, given 3 months investment horizon. Longvie SA has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Longvie SA, which you can use to evaluate the volatility of the firm. Please exercise Longvie SA's Mean Deviation of 2.31, downside deviation of 2.33, and Risk Adjusted Performance of 0.1515 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Longvie SA holds a performance score of 11. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Longvie SA are expected to decrease at a much lower rate. During the bear market, Longvie SA is likely to outperform the market. Please check Longvie SA's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Longvie SA's current price movements will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Longvie SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Longvie SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Longvie SA price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Longvie SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 12.59 |
Longvie SA lagged returns against current returns
Autocorrelation, which is Longvie SA 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 Longvie SA's stock expected returns. We can calculate the autocorrelation of Longvie SA returns to help us make a trade decision. For example, suppose you find that Longvie SA 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 |
Longvie SA 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 Longvie SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longvie SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longvie SA stock over time.
Current vs Lagged Prices |
| Timeline |
Longvie SA Lagged Returns
When evaluating Longvie SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longvie SA stock have on its future price. Longvie SA 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, Longvie SA autocorrelation shows the relationship between Longvie SA stock current value and its past values and can show if there is a momentum factor associated with investing in Longvie 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.Other Information on Investing in Longvie Stock
Longvie SA financial ratios help investors to determine whether Longvie 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 Longvie with respect to the benefits of owning Longvie SA security.