Lgerin Egill's market value is the price at which a share of Lgerin Egill trades on a public exchange. It measures the collective expectations of lgerin Egill Skallagrmsson investors about its performance. Lgerin Egill is trading at 17.60 as of the 26th of November 2024, a 0.56% down since the beginning of the trading day. The stock's open price was 17.7. With this module, you can estimate the performance of a buy and hold strategy of lgerin Egill Skallagrmsson and determine expected loss or profit from investing in Lgerin Egill over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Lgerin
Lgerin Egill '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 Lgerin Egill'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 Lgerin Egill.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in Lgerin Egill on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding lgerin Egill Skallagrmsson or generate 0.0% return on investment in Lgerin Egill over 30 days.
Lgerin Egill 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 Lgerin Egill'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 lgerin Egill Skallagrmsson upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lgerin Egill's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lgerin Egill's standard deviation. In reality, there are many statistical measures that can use Lgerin Egill historical prices to predict the future Lgerin Egill's volatility.
At this point, Lgerin Egill is not too volatile. lgerin Egill Skallag has Sharpe Ratio of 0.0018, which conveys that the firm had a 0.0018% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lgerin Egill, which you can use to evaluate the volatility of the firm. Please verify Lgerin Egill's Market Risk Adjusted Performance of 0.0396, risk adjusted performance of 0.0064, and Downside Deviation of 1.43 to check out if the risk estimate we provide is consistent with the expected return of 0.0029%. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lgerin Egill are expected to decrease at a much lower rate. During the bear market, Lgerin Egill is likely to outperform the market. lgerin Egill Skallag right now secures a risk of 1.55%. Please verify lgerin Egill Skallagrmsson potential upside, and the relationship between the total risk alpha and kurtosis , to decide if lgerin Egill Skallagrmsson will be following its current price movements.
Auto-correlation
0.55
Modest predictability
lgerin Egill Skallagrmsson has modest predictability. Overlapping area represents the amount of predictability between Lgerin Egill time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 lgerin Egill Skallag price movement. The serial correlation of 0.55 indicates that about 55.0% of current Lgerin Egill price fluctuation can be explain by its past prices.
Correlation Coefficient
0.55
Spearman Rank Test
0.55
Residual Average
0.0
Price Variance
0.04
lgerin Egill Skallag lagged returns against current returns
Autocorrelation, which is Lgerin Egill 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 Lgerin Egill's stock expected returns. We can calculate the autocorrelation of Lgerin Egill returns to help us make a trade decision. For example, suppose you find that Lgerin Egill 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
Lgerin Egill 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 Lgerin Egill stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lgerin Egill stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lgerin Egill stock over time.
Current vs Lagged Prices
Timeline
Lgerin Egill Lagged Returns
When evaluating Lgerin Egill's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lgerin Egill stock have on its future price. Lgerin Egill 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, Lgerin Egill autocorrelation shows the relationship between Lgerin Egill stock current value and its past values and can show if there is a momentum factor associated with investing in lgerin Egill Skallagrmsson.
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.