Leonovus Stock Market Value
| LTV Stock | CAD 0.04 0.00 0.00% |
| Symbol | LeoNovus |
LeoNovus Price To Book Ratio
LeoNovus '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 LeoNovus' 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 LeoNovus.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in LeoNovus on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding LeoNovus or generate 0.0% return on investment in LeoNovus over 30 days. LeoNovus Inc., a cloud solutions software company, provides software defined object storage solutions and governance, ri... More
LeoNovus 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 LeoNovus' 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 LeoNovus upside and downside potential and time the market with a certain degree of confidence.
LeoNovus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LeoNovus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LeoNovus' standard deviation. In reality, there are many statistical measures that can use LeoNovus historical prices to predict the future LeoNovus' volatility.LeoNovus Backtested Returns
We have found three technical indicators for LeoNovus, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and LeoNovus are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
LeoNovus has perfect predictability. Overlapping area represents the amount of predictability between LeoNovus 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 LeoNovus price movement. The serial correlation of 1.0 indicates that 100.0% of current LeoNovus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LeoNovus lagged returns against current returns
Autocorrelation, which is LeoNovus 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 LeoNovus' stock expected returns. We can calculate the autocorrelation of LeoNovus returns to help us make a trade decision. For example, suppose you find that LeoNovus 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 |
LeoNovus 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 LeoNovus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LeoNovus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LeoNovus stock over time.
Current vs Lagged Prices |
| Timeline |
LeoNovus Lagged Returns
When evaluating LeoNovus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LeoNovus stock have on its future price. LeoNovus 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, LeoNovus autocorrelation shows the relationship between LeoNovus stock current value and its past values and can show if there is a momentum factor associated with investing in LeoNovus.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for LeoNovus Stock Analysis
When running LeoNovus' price analysis, check to measure LeoNovus' 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 LeoNovus is operating at the current time. Most of LeoNovus' value examination focuses on studying past and present price action to predict the probability of LeoNovus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LeoNovus' price. Additionally, you may evaluate how the addition of LeoNovus to your portfolios can decrease your overall portfolio volatility.