Lightspeed Commerce Stock Market Value
| LSPD Stock | CAD 24.80 0.08 0.32% |
| Symbol | Lightspeed |
Lightspeed Commerce Price To Book Ratio
Lightspeed Commerce '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 Lightspeed Commerce'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 Lightspeed Commerce.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Lightspeed Commerce on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Lightspeed Commerce or generate 0.0% return on investment in Lightspeed Commerce over 30 days. Lightspeed Commerce is related to or competes with Shopify, WELL Health, BlackBerry, and Docebo. Lightspeed POS Inc. provides commerce enabling Software as a Service platform for small and midsize businesses, retailer... More
Lightspeed Commerce 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 Lightspeed Commerce'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 Lightspeed Commerce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.1583 | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 4.46 |
Lightspeed Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lightspeed Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lightspeed Commerce's standard deviation. In reality, there are many statistical measures that can use Lightspeed Commerce historical prices to predict the future Lightspeed Commerce's volatility.| Risk Adjusted Performance | 0.161 | |||
| Jensen Alpha | 0.4545 | |||
| Total Risk Alpha | 0.1692 | |||
| Sortino Ratio | 0.219 | |||
| Treynor Ratio | 1.2 |
Lightspeed Commerce Backtested Returns
Lightspeed Commerce appears to be very steady, given 3 months investment horizon. Lightspeed Commerce has Sharpe Ratio of 0.22, which conveys that the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Lightspeed Commerce's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Lightspeed Commerce's Risk Adjusted Performance of 0.161, downside deviation of 1.81, and Mean Deviation of 1.58 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lightspeed Commerce holds a performance score of 17. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lightspeed Commerce's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lightspeed Commerce is expected to be smaller as well. Please check Lightspeed Commerce's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lightspeed Commerce's current price movements will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Lightspeed Commerce has very weak reverse predictability. Overlapping area represents the amount of predictability between Lightspeed Commerce time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Lightspeed Commerce price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Lightspeed Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Lightspeed Commerce lagged returns against current returns
Autocorrelation, which is Lightspeed Commerce 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 Lightspeed Commerce's stock expected returns. We can calculate the autocorrelation of Lightspeed Commerce returns to help us make a trade decision. For example, suppose you find that Lightspeed Commerce 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 |
Lightspeed Commerce 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 Lightspeed Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lightspeed Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lightspeed Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
Lightspeed Commerce Lagged Returns
When evaluating Lightspeed Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lightspeed Commerce stock have on its future price. Lightspeed Commerce 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, Lightspeed Commerce autocorrelation shows the relationship between Lightspeed Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in Lightspeed Commerce.
Regressed Prices |
| Timeline |
Pair Trading with Lightspeed Commerce
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 Lightspeed Commerce 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 Lightspeed Commerce will appreciate offsetting losses from the drop in the long position's value.Moving together with Lightspeed Stock
Moving against Lightspeed Stock
| 0.73 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Lightspeed Commerce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightspeed Commerce 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 Lightspeed Commerce - 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 Lightspeed Commerce to buy it.
The correlation of Lightspeed Commerce 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 Lightspeed Commerce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightspeed Commerce 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 Lightspeed Commerce 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.Check out Lightspeed Commerce Correlation, Lightspeed Commerce Volatility and Lightspeed Commerce Alpha and Beta module to complement your research on Lightspeed Commerce. To learn how to invest in Lightspeed Stock, please use our How to Invest in Lightspeed Commerce guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Lightspeed Commerce technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.