Loral Space Communications Stock Market Value
| LORL Stock | 24.20 0.00 0.00% |
| Symbol | Loral |
Loral Space '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 Loral Space'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 Loral Space.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Loral Space on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Loral Space Communications or generate 0.0% return on investment in Loral Space over 720 days. Loral Space is related to or competes with Cogeco Communications, Precision Drilling, Darelle Online, Orbit Garant, AKITA Drilling, and Blue Ant. Loral Space is entity of Canada. It is traded as Stock on TO exchange. More
Loral Space 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 Loral Space'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 Loral Space Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2272 | |||
| Maximum Drawdown | 4.46 | |||
| Potential Upside | 4.46 |
Loral Space Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loral Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loral Space's standard deviation. In reality, there are many statistical measures that can use Loral Space historical prices to predict the future Loral Space's volatility.| Risk Adjusted Performance | 0.2122 | |||
| Jensen Alpha | 0.346 | |||
| Total Risk Alpha | 0.2231 | |||
| Treynor Ratio | 2.87 |
Loral Space Communic Backtested Returns
Loral Space appears to be very steady, given 3 months investment horizon. Loral Space Communic has Sharpe Ratio of 0.29, which conveys that the firm had a 0.29 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Loral Space, which you can use to evaluate the volatility of the firm. Please exercise Loral Space's Risk Adjusted Performance of 0.2122, mean deviation of 0.6298, and Standard Deviation of 1.23 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Loral Space holds a performance score of 22. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Loral Space's returns are expected to increase less than the market. However, during the bear market, the loss of holding Loral Space is expected to be smaller as well. Please check Loral Space's maximum drawdown, skewness, rate of daily change, as well as the relationship between the potential upside and kurtosis , to make a quick decision on whether Loral Space's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Loral Space Communications has no correlation between past and present. Overlapping area represents the amount of predictability between Loral Space time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Loral Space Communic price movement. The serial correlation of 0.0 indicates that just 0.0% of current Loral Space price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Loral Space Communic lagged returns against current returns
Autocorrelation, which is Loral Space 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 Loral Space's stock expected returns. We can calculate the autocorrelation of Loral Space returns to help us make a trade decision. For example, suppose you find that Loral Space 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 |
Loral Space 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 Loral Space stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loral Space stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loral Space stock over time.
Current vs Lagged Prices |
| Timeline |
Loral Space Lagged Returns
When evaluating Loral Space's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loral Space stock have on its future price. Loral Space 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, Loral Space autocorrelation shows the relationship between Loral Space stock current value and its past values and can show if there is a momentum factor associated with investing in Loral Space Communications.
Regressed Prices |
| Timeline |
Pair Trading with Loral Space
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 Loral Space 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 Loral Space will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Loral Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loral Space 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 Loral Space - 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 Loral Space Communications to buy it.
The correlation of Loral Space 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 Loral Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loral Space Communic 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 Loral Space 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.Other Information on Investing in Loral Stock
Loral Space financial ratios help investors to determine whether Loral 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 Loral with respect to the benefits of owning Loral Space security.