Legend Power Systems Stock Market Value
| LPS Stock | CAD 0.21 0.01 5.00% |
| Symbol | Legend |
Legend Power Systems Price To Book Ratio
Legend Power '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 Legend Power'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 Legend Power.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Legend Power on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Legend Power Systems or generate 0.0% return on investment in Legend Power over 720 days. Legend Power is related to or competes with Kraken Robotics, and DynaCERT. Legend Power Systems Inc., together with its subsidiaries, operates as an electrical energy conservation company in Cana... More
Legend Power 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 Legend Power'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 Legend Power Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.16 | |||
| Information Ratio | 0.0032 | |||
| Maximum Drawdown | 32.0 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 9.09 |
Legend Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legend Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legend Power's standard deviation. In reality, there are many statistical measures that can use Legend Power historical prices to predict the future Legend Power's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.1962 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | (0.23) |
Legend Power Systems Backtested Returns
Legend Power Systems has Sharpe Ratio of -0.0265, which conveys that the firm had a -0.0265% return per unit of risk over the last 3 months. Legend Power exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legend Power's Risk Adjusted Performance of 0.0286, downside deviation of 6.16, and Mean Deviation of 3.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Legend Power are expected to decrease at a much lower rate. During the bear market, Legend Power is likely to outperform the market. At this point, Legend Power Systems has a negative expected return of -0.14%. Please make sure to verify Legend Power's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Legend Power Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Legend Power Systems has excellent reverse predictability. Overlapping area represents the amount of predictability between Legend Power time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Legend Power Systems price movement. The serial correlation of -0.82 indicates that around 82.0% of current Legend Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Legend Power Systems lagged returns against current returns
Autocorrelation, which is Legend Power 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 Legend Power's stock expected returns. We can calculate the autocorrelation of Legend Power returns to help us make a trade decision. For example, suppose you find that Legend Power 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 |
Legend Power 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 Legend Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legend Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legend Power stock over time.
Current vs Lagged Prices |
| Timeline |
Legend Power Lagged Returns
When evaluating Legend Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legend Power stock have on its future price. Legend Power 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, Legend Power autocorrelation shows the relationship between Legend Power stock current value and its past values and can show if there is a momentum factor associated with investing in Legend Power Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Legend Stock Analysis
When running Legend Power's price analysis, check to measure Legend Power'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 Legend Power is operating at the current time. Most of Legend Power's value examination focuses on studying past and present price action to predict the probability of Legend Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legend Power's price. Additionally, you may evaluate how the addition of Legend Power to your portfolios can decrease your overall portfolio volatility.