Legrand SA (France) Market Value
| LR Stock | EUR 95.90 0.88 0.91% |
| Symbol | Legrand |
Legrand 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 Legrand 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 Legrand SA.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Legrand SA on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Legrand SA or generate 0.0% return on investment in Legrand SA over 510 days. Legrand SA is related to or competes with Publicis Groupe, Pernod Ricard, Compagnie Generale, and Compagnie. Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide More
Legrand 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 Legrand 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 Legrand SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.2 |
Legrand SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legrand SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legrand SA's standard deviation. In reality, there are many statistical measures that can use Legrand SA historical prices to predict the future Legrand SA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.07) |
Legrand SA Backtested Returns
Legrand SA has Sharpe Ratio of -0.0257, which conveys that the firm had a -0.0257% return per unit of risk over the last 3 months. Legrand SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legrand SA's Mean Deviation of 1.14, standard deviation of 1.55, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.77, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Legrand SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Legrand SA is expected to be smaller as well. At this point, Legrand SA has a negative expected return of -0.0402%. Please make sure to verify Legrand SA's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Legrand SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Legrand SA has below average predictability. Overlapping area represents the amount of predictability between Legrand SA time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 Legrand SA price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Legrand SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 16.52 |
Legrand SA lagged returns against current returns
Autocorrelation, which is Legrand 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 Legrand SA's stock expected returns. We can calculate the autocorrelation of Legrand SA returns to help us make a trade decision. For example, suppose you find that Legrand 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 |
Legrand 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 Legrand SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legrand SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legrand SA stock over time.
Current vs Lagged Prices |
| Timeline |
Legrand SA Lagged Returns
When evaluating Legrand SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legrand SA stock have on its future price. Legrand 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, Legrand SA autocorrelation shows the relationship between Legrand SA stock current value and its past values and can show if there is a momentum factor associated with investing in Legrand 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 Legrand Stock
Legrand SA financial ratios help investors to determine whether Legrand 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 Legrand with respect to the benefits of owning Legrand SA security.