Linz Textil (Austria) Market Value
| LTH Stock | EUR 208.00 6.00 2.97% |
| Symbol | Linz |
Linz Textil '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 Linz Textil'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 Linz Textil.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Linz Textil on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Linz Textil Holding or generate 0.0% return on investment in Linz Textil over 30 days. Linz Textil is related to or competes with Kapsch Traffic, Wolford Aktiengesellscha, AMAG Austria, Lenzing Aktiengesellscha, and EVN AG. More
Linz Textil 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 Linz Textil'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 Linz Textil Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.1135 | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 4.38 |
Linz Textil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linz Textil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linz Textil's standard deviation. In reality, there are many statistical measures that can use Linz Textil historical prices to predict the future Linz Textil's volatility.| Risk Adjusted Performance | 0.1484 | |||
| Jensen Alpha | 0.2904 | |||
| Total Risk Alpha | 0.0516 | |||
| Sortino Ratio | 0.0744 | |||
| Treynor Ratio | 1.78 |
Linz Textil Holding Backtested Returns
Linz Textil appears to be very steady, given 3 months investment horizon. Linz Textil Holding has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Linz Textil, which you can use to evaluate the volatility of the firm. Please exercise Linz Textil's Mean Deviation of 1.05, downside deviation of 2.62, and Risk Adjusted Performance of 0.1484 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Linz Textil holds a performance score of 14. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Linz Textil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Linz Textil is expected to be smaller as well. Please check Linz Textil's downside variance, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Linz Textil's current price movements will revert.
Auto-correlation | 0.84 |
Very good predictability
Linz Textil Holding has very good predictability. Overlapping area represents the amount of predictability between Linz Textil time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Linz Textil Holding price movement. The serial correlation of 0.84 indicates that around 84.0% of current Linz Textil price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 134.69 |
Linz Textil Holding lagged returns against current returns
Autocorrelation, which is Linz Textil 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 Linz Textil's stock expected returns. We can calculate the autocorrelation of Linz Textil returns to help us make a trade decision. For example, suppose you find that Linz Textil 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 |
Linz Textil 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 Linz Textil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linz Textil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linz Textil stock over time.
Current vs Lagged Prices |
| Timeline |
Linz Textil Lagged Returns
When evaluating Linz Textil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linz Textil stock have on its future price. Linz Textil 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, Linz Textil autocorrelation shows the relationship between Linz Textil stock current value and its past values and can show if there is a momentum factor associated with investing in Linz Textil Holding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Linz Stock
Linz Textil financial ratios help investors to determine whether Linz 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 Linz with respect to the benefits of owning Linz Textil security.