LT Technology (India) Market Value
| LTTS Stock | 5,307 141.30 2.74% |
| Symbol | LTTS |
LT Technology '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 LT Technology'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 LT Technology.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in LT Technology on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding LT Technology Services or generate 0.0% return on investment in LT Technology over 720 days. LT Technology is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Tribhovandas Bhimji, Parag Milk, and Heubach Colorants. LT Technology is entity of India. It is traded as Stock on NSE exchange. More
LT Technology 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 LT Technology'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 LT Technology Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.97 |
LT Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LT Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LT Technology's standard deviation. In reality, there are many statistical measures that can use LT Technology historical prices to predict the future LT Technology's volatility.| Risk Adjusted Performance | 0.0048 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.04) |
LT Technology Services Backtested Returns
LT Technology Services retains Efficiency (Sharpe Ratio) of -0.0247, which conveys that the firm had a -0.0247% return per unit of price deviation over the last 3 months. LT Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LT Technology's Market Risk Adjusted Performance of (0.03), information ratio of (0.08), and Mean Deviation of 1.2 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LT Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding LT Technology is expected to be smaller as well. At this point, LT Technology Services has a negative expected return of -0.0415%. Please make sure to verify LT Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if LT Technology Services performance from the past will be repeated sooner or later.
Auto-correlation | 0.09 |
Virtually no predictability
LT Technology Services has virtually no predictability. Overlapping area represents the amount of predictability between LT Technology time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 LT Technology Services price movement. The serial correlation of 0.09 indicates that less than 9.0% of current LT Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 113.6 K |
LT Technology Services lagged returns against current returns
Autocorrelation, which is LT Technology 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 LT Technology's stock expected returns. We can calculate the autocorrelation of LT Technology returns to help us make a trade decision. For example, suppose you find that LT Technology 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 |
LT Technology 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 LT Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LT Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LT Technology stock over time.
Current vs Lagged Prices |
| Timeline |
LT Technology Lagged Returns
When evaluating LT Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LT Technology stock have on its future price. LT Technology 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, LT Technology autocorrelation shows the relationship between LT Technology stock current value and its past values and can show if there is a momentum factor associated with investing in LT Technology Services.
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.Additional Tools for LTTS Stock Analysis
When running LT Technology's price analysis, check to measure LT Technology'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 LT Technology is operating at the current time. Most of LT Technology's value examination focuses on studying past and present price action to predict the probability of LT Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LT Technology's price. Additionally, you may evaluate how the addition of LT Technology to your portfolios can decrease your overall portfolio volatility.