Lux Industries (India) Market Value
| LUXIND Stock | 1,953 31.05 1.62% |
| Symbol | Lux |
Lux Industries '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 Lux Industries' 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 Lux Industries.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Lux Industries on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Lux Industries Limited or generate 0.0% return on investment in Lux Industries over 360 days. Lux Industries is related to or competes with Elgi Rubber, Avonmore Capital, LLOYDS METALS, Coffee Day, 21st Century, Radiant Cash, and One 97. Lux Industries is entity of India. It is traded as Stock on NSE exchange. More
Lux Industries 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 Lux Industries' 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 Lux Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 3.7 |
Lux Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lux Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lux Industries' standard deviation. In reality, there are many statistical measures that can use Lux Industries historical prices to predict the future Lux Industries' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.30) |
Lux Industries Backtested Returns
Lux Industries has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Lux Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lux Industries' Standard Deviation of 2.38, mean deviation of 1.81, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lux Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lux Industries is expected to be smaller as well. At this point, Lux Industries has a negative expected return of -0.26%. Please make sure to verify Lux Industries' potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Lux Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Lux Industries Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Lux Industries time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Lux Industries price movement. The serial correlation of -0.49 indicates that about 49.0% of current Lux Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 87.1 K |
Lux Industries lagged returns against current returns
Autocorrelation, which is Lux Industries 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 Lux Industries' stock expected returns. We can calculate the autocorrelation of Lux Industries returns to help us make a trade decision. For example, suppose you find that Lux Industries 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 |
Lux Industries 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 Lux Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lux Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lux Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Lux Industries Lagged Returns
When evaluating Lux Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lux Industries stock have on its future price. Lux Industries 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, Lux Industries autocorrelation shows the relationship between Lux Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Lux Industries Limited.
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.Other Information on Investing in Lux Stock
Lux Industries financial ratios help investors to determine whether Lux 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 Lux with respect to the benefits of owning Lux Industries security.