Lectra SA (France) Market Value
| LSS Stock | EUR 27.10 0.25 0.93% |
| Symbol | Lectra |
Lectra 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 Lectra 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 Lectra SA.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Lectra SA on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lectra SA or generate 0.0% return on investment in Lectra SA over 270 days. Lectra SA is related to or competes with Linedata Services, Interparfums, Esker SA, Neurones, and Trigano SA. Lectra SA provides technologies for fashion, automotive, and furniture More
Lectra 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 Lectra 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 Lectra SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.28 |
Lectra SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lectra SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lectra SA's standard deviation. In reality, there are many statistical measures that can use Lectra SA historical prices to predict the future Lectra SA's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
Lectra SA Backtested Returns
At this point, Lectra SA is very steady. Lectra SA has Sharpe Ratio of 0.0031, which conveys that the firm had a 0.0031% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lectra SA, which you can use to evaluate the volatility of the firm. Please verify Lectra SA's Downside Deviation of 2.35, mean deviation of 1.54, and Risk Adjusted Performance of 0.0093 to check out if the risk estimate we provide is consistent with the expected return of 0.0076%. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lectra SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lectra SA is expected to be smaller as well. Lectra SA right now secures a risk of 2.47%. Please verify Lectra SA maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Lectra SA will be following its current price movements.
Auto-correlation | 0.54 |
Modest predictability
Lectra SA has modest predictability. Overlapping area represents the amount of predictability between Lectra SA time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Lectra SA price movement. The serial correlation of 0.54 indicates that about 54.0% of current Lectra SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
Lectra SA lagged returns against current returns
Autocorrelation, which is Lectra 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 Lectra SA's stock expected returns. We can calculate the autocorrelation of Lectra SA returns to help us make a trade decision. For example, suppose you find that Lectra 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 |
Lectra 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 Lectra SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lectra SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lectra SA stock over time.
Current vs Lagged Prices |
| Timeline |
Lectra SA Lagged Returns
When evaluating Lectra SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lectra SA stock have on its future price. Lectra 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, Lectra SA autocorrelation shows the relationship between Lectra SA stock current value and its past values and can show if there is a momentum factor associated with investing in Lectra SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Lectra Stock
Lectra SA financial ratios help investors to determine whether Lectra 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 Lectra with respect to the benefits of owning Lectra SA security.