Lottery (Australia) Market Value
| TLC Stock | 5.16 0.04 0.78% |
| Symbol | Lottery |
Lottery '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 Lottery'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 Lottery.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Lottery on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Lottery or generate 0.0% return on investment in Lottery over 90 days. Lottery is related to or competes with TPG Telecom, Microequities Asset, Cleanaway Waste, Pinnacle Investment, Healthco Healthcare, and Ras Technology. More
Lottery 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 Lottery'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 Lottery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7408 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.4 |
Lottery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lottery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lottery's standard deviation. In reality, there are many statistical measures that can use Lottery historical prices to predict the future Lottery's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | 0.0395 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.3479 |
Lottery Backtested Returns
Currently, Lottery is not too volatile. Lottery has Sharpe Ratio of 0.085, which conveys that the firm had a 0.085% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lottery, which you can use to evaluate the volatility of the firm. Please verify Lottery's Downside Deviation of 0.7408, risk adjusted performance of 0.0658, and Mean Deviation of 0.6685 to check out if the risk estimate we provide is consistent with the expected return of 0.0704%. Lottery has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lottery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lottery is expected to be smaller as well. Lottery right now secures a risk of 0.83%. Please verify Lottery value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Lottery will be following its current price movements.
Auto-correlation | -0.32 |
Poor reverse predictability
Lottery has poor reverse predictability. Overlapping area represents the amount of predictability between Lottery time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Lottery price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Lottery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lottery lagged returns against current returns
Autocorrelation, which is Lottery 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 Lottery's stock expected returns. We can calculate the autocorrelation of Lottery returns to help us make a trade decision. For example, suppose you find that Lottery 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 |
Lottery 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 Lottery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lottery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lottery stock over time.
Current vs Lagged Prices |
| Timeline |
Lottery Lagged Returns
When evaluating Lottery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lottery stock have on its future price. Lottery 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, Lottery autocorrelation shows the relationship between Lottery stock current value and its past values and can show if there is a momentum factor associated with investing in Lottery.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lottery Stock Analysis
When running Lottery's price analysis, check to measure Lottery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lottery is operating at the current time. Most of Lottery's value examination focuses on studying past and present price action to predict the probability of Lottery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lottery's price. Additionally, you may evaluate how the addition of Lottery to your portfolios can decrease your overall portfolio volatility.