Lyko Group (Sweden) Market Value
| LYKO-A Stock | SEK 88.50 1.50 1.67% |
| Symbol | Lyko |
Lyko Group '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 Lyko Group'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 Lyko Group.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Lyko Group on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Lyko Group A or generate 0.0% return on investment in Lyko Group over 30 days. Lyko Group is related to or competes with Mendus AB, JonDeTech Sensors, Nexam Chemical, Lohilo Foods, and Immunovia Publ. Lyko Group AB sells a range of hair care and beauty products in the Nordic markets More
Lyko Group 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 Lyko Group'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 Lyko Group A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 20.18 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 4.59 |
Lyko Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyko Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyko Group's standard deviation. In reality, there are many statistical measures that can use Lyko Group historical prices to predict the future Lyko Group's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.66) |
Lyko Group A Backtested Returns
Lyko Group A 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. Lyko Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lyko Group's Mean Deviation of 2.13, standard deviation of 3.05, and Risk Adjusted Performance of (0.08) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lyko Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lyko Group is expected to be smaller as well. At this point, Lyko Group A has a negative expected return of -0.35%. Please make sure to verify Lyko Group's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Lyko Group A performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Lyko Group A has average predictability. Overlapping area represents the amount of predictability between Lyko Group time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Lyko Group A price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Lyko Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 16.95 |
Lyko Group A lagged returns against current returns
Autocorrelation, which is Lyko Group 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 Lyko Group's stock expected returns. We can calculate the autocorrelation of Lyko Group returns to help us make a trade decision. For example, suppose you find that Lyko Group 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 |
Lyko Group 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 Lyko Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyko Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyko Group stock over time.
Current vs Lagged Prices |
| Timeline |
Lyko Group Lagged Returns
When evaluating Lyko Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyko Group stock have on its future price. Lyko Group 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, Lyko Group autocorrelation shows the relationship between Lyko Group stock current value and its past values and can show if there is a momentum factor associated with investing in Lyko Group A.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Lyko Stock
Lyko Group financial ratios help investors to determine whether Lyko 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 Lyko with respect to the benefits of owning Lyko Group security.