LUX ISLAND (Mauritius) Market Value
| NRL Stock | 53.25 0.25 0.47% |
| Symbol | LUX |
LUX ISLAND '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 ISLAND'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 LUX ISLAND.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in LUX ISLAND on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding LUX ISLAND RESORTS or generate 0.0% return on investment in LUX ISLAND over 690 days.
LUX ISLAND 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 ISLAND'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 LUX ISLAND RESORTS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.2 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.75 |
LUX ISLAND Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LUX ISLAND's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LUX ISLAND's standard deviation. In reality, there are many statistical measures that can use LUX ISLAND historical prices to predict the future LUX ISLAND's volatility.| Risk Adjusted Performance | 0.0019 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.179 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LUX ISLAND'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.
LUX ISLAND RESORTS Backtested Returns
LUX ISLAND RESORTS has Sharpe Ratio of -0.058, which conveys that the firm had a -0.058% return per unit of standard deviation over the last 3 months. LUX ISLAND exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LUX ISLAND's Risk Adjusted Performance of 0.0019, mean deviation of 0.7338, and Market Risk Adjusted Performance of 0.189 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0988, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LUX ISLAND are expected to decrease at a much lower rate. During the bear market, LUX ISLAND is likely to outperform the market. At this point, LUX ISLAND RESORTS has a negative expected return of -0.0934%. Please make sure to verify LUX ISLAND's total risk alpha, and the relationship between the standard deviation and kurtosis , to decide if LUX ISLAND RESORTS performance from the past will be repeated at some future point.
Auto-correlation | 0.75 |
Good predictability
LUX ISLAND RESORTS has good predictability. Overlapping area represents the amount of predictability between LUX ISLAND time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 LUX ISLAND RESORTS price movement. The serial correlation of 0.75 indicates that around 75.0% of current LUX ISLAND price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 6.78 |
LUX ISLAND RESORTS lagged returns against current returns
Autocorrelation, which is LUX ISLAND 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 ISLAND's stock expected returns. We can calculate the autocorrelation of LUX ISLAND returns to help us make a trade decision. For example, suppose you find that LUX ISLAND 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 ISLAND 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 ISLAND stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LUX ISLAND stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LUX ISLAND stock over time.
Current vs Lagged Prices |
| Timeline |
LUX ISLAND Lagged Returns
When evaluating LUX ISLAND's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LUX ISLAND stock have on its future price. LUX ISLAND 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 ISLAND autocorrelation shows the relationship between LUX ISLAND stock current value and its past values and can show if there is a momentum factor associated with investing in LUX ISLAND RESORTS.
Regressed Prices |
| Timeline |
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