LANXESS Aktiengesellscha (Germany) Market Value
| LXS Stock | EUR 23.58 0.13 0.55% |
| Symbol | LANXESS |
LANXESS Aktiengesellscha '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 LANXESS Aktiengesellscha'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 LANXESS Aktiengesellscha.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in LANXESS Aktiengesellscha on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding LANXESS Aktiengesellschaft or generate 0.0% return on investment in LANXESS Aktiengesellscha over 30 days. LANXESS Aktiengesellscha is related to or competes with ARDAGH METAL, Kaiser Aluminum, Corsair Gaming, SIMS METAL, WIZZ AIR, Aluminumof China, and Fair Isaac. LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, s... More
LANXESS Aktiengesellscha 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 LANXESS Aktiengesellscha'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 LANXESS Aktiengesellschaft upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 4.33 |
LANXESS Aktiengesellscha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LANXESS Aktiengesellscha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LANXESS Aktiengesellscha's standard deviation. In reality, there are many statistical measures that can use LANXESS Aktiengesellscha historical prices to predict the future LANXESS Aktiengesellscha's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 0.1412 |
LANXESS Aktiengesellscha Backtested Returns
LANXESS Aktiengesellscha has Sharpe Ratio of -0.0287, which conveys that the company had a -0.0287% return per unit of volatility over the last 3 months. LANXESS Aktiengesellscha exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LANXESS Aktiengesellscha's Standard Deviation of 2.46, mean deviation of 1.9, and Market Risk Adjusted Performance of 0.1512 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LANXESS Aktiengesellscha are expected to decrease at a much lower rate. During the bear market, LANXESS Aktiengesellscha is likely to outperform the market. At this point, LANXESS Aktiengesellscha has a negative expected return of -0.0704%. Please make sure to verify LANXESS Aktiengesellscha's maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if LANXESS Aktiengesellscha performance from the past will be repeated in the future.
Auto-correlation | 0.07 |
Virtually no predictability
LANXESS Aktiengesellschaft has virtually no predictability. Overlapping area represents the amount of predictability between LANXESS Aktiengesellscha time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 LANXESS Aktiengesellscha price movement. The serial correlation of 0.07 indicates that barely 7.0% of current LANXESS Aktiengesellscha price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
LANXESS Aktiengesellscha lagged returns against current returns
Autocorrelation, which is LANXESS Aktiengesellscha 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 LANXESS Aktiengesellscha's stock expected returns. We can calculate the autocorrelation of LANXESS Aktiengesellscha returns to help us make a trade decision. For example, suppose you find that LANXESS Aktiengesellscha 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 |
LANXESS Aktiengesellscha 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 LANXESS Aktiengesellscha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LANXESS Aktiengesellscha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LANXESS Aktiengesellscha stock over time.
Current vs Lagged Prices |
| Timeline |
LANXESS Aktiengesellscha Lagged Returns
When evaluating LANXESS Aktiengesellscha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LANXESS Aktiengesellscha stock have on its future price. LANXESS Aktiengesellscha 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, LANXESS Aktiengesellscha autocorrelation shows the relationship between LANXESS Aktiengesellscha stock current value and its past values and can show if there is a momentum factor associated with investing in LANXESS Aktiengesellschaft.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in LANXESS Stock
LANXESS Aktiengesellscha financial ratios help investors to determine whether LANXESS 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 LANXESS with respect to the benefits of owning LANXESS Aktiengesellscha security.