Lumax Auto (India) Market Value
| LUMAXTECH | 501.90 0.50 0.1% |
| Symbol | Lumax |
Lumax Auto '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 Lumax Auto'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 Lumax Auto.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Lumax Auto on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lumax Auto Technologies or generate 0.0% return on investment in Lumax Auto over 30 days. Lumax Auto is related to or competes with Kingfa Science, Paramount Communications, Gallantt Ispat, Newgen Software, Syrma SGS, DiGiSPICE Technologies, and Le Travenues. Lumax Auto is entity of India. It is traded as Stock on NSE exchange. More
Lumax Auto 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 Lumax Auto'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 Lumax Auto Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.28 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.73 |
Lumax Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumax Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumax Auto's standard deviation. In reality, there are many statistical measures that can use Lumax Auto historical prices to predict the future Lumax Auto's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 1.39 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lumax Auto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Lumax Auto Technologies Backtested Returns
Lumax Auto Technologies has Sharpe Ratio of -0.0414, which conveys that the firm had a -0.0414% return per unit of risk over the last 3 months. Lumax Auto exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lumax Auto's Mean Deviation of 1.47, standard deviation of 2.21, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0417, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lumax Auto are expected to decrease at a much lower rate. During the bear market, Lumax Auto is likely to outperform the market. At this point, Lumax Auto Technologies has a negative expected return of -0.0933%. Please make sure to verify Lumax Auto's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Lumax Auto Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Lumax Auto Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Lumax Auto time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Lumax Auto Technologies price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Lumax Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 62.76 |
Lumax Auto Technologies lagged returns against current returns
Autocorrelation, which is Lumax Auto 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 Lumax Auto's stock expected returns. We can calculate the autocorrelation of Lumax Auto returns to help us make a trade decision. For example, suppose you find that Lumax Auto 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 |
Lumax Auto 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 Lumax Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumax Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumax Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Lumax Auto Lagged Returns
When evaluating Lumax Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumax Auto stock have on its future price. Lumax Auto 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, Lumax Auto autocorrelation shows the relationship between Lumax Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Lumax Auto Technologies.
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 Lumax Stock
Lumax Auto financial ratios help investors to determine whether Lumax 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 Lumax with respect to the benefits of owning Lumax Auto security.