LEROY SEAFOOD's market value is the price at which a share of LEROY SEAFOOD trades on a public exchange. It measures the collective expectations of LEROY SEAFOOD GRUNSPADR investors about its performance. LEROY SEAFOOD is trading at 8.05 as of the 11th of January 2025. This is a 1.90% increase since the beginning of the trading day. The stock's lowest day price was 8.05. With this module, you can estimate the performance of a buy and hold strategy of LEROY SEAFOOD GRUNSPADR and determine expected loss or profit from investing in LEROY SEAFOOD over a given investment horizon. Check out LEROY SEAFOOD Correlation, LEROY SEAFOOD Volatility and LEROY SEAFOOD Alpha and Beta module to complement your research on LEROY SEAFOOD.
Please note, there is a significant difference between LEROY SEAFOOD's value and its price as these two are different measures arrived at by different means. Investors typically determine if LEROY SEAFOOD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LEROY SEAFOOD's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
LEROY SEAFOOD '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 LEROY SEAFOOD'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 LEROY SEAFOOD.
0.00
01/22/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/11/2025
0.00
If you would invest 0.00 in LEROY SEAFOOD on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding LEROY SEAFOOD GRUNSPADR or generate 0.0% return on investment in LEROY SEAFOOD over 720 days. LEROY SEAFOOD is related to or competes with TT Electronics, Benchmark Electronics, Monument Mining, Yanzhou Coal, BOS BETTER, and Renesas Electronics. Lery Seafood Group ASA produces, processes, markets, and distributes seafood products worldwide More
LEROY SEAFOOD 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 LEROY SEAFOOD'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 LEROY SEAFOOD GRUNSPADR 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 LEROY SEAFOOD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEROY SEAFOOD's standard deviation. In reality, there are many statistical measures that can use LEROY SEAFOOD historical prices to predict the future LEROY SEAFOOD's volatility.
LEROY SEAFOOD GRUNSPADR has Sharpe Ratio of -0.0375, which conveys that the firm had a -0.0375% return per unit of volatility over the last 3 months. LEROY SEAFOOD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LEROY SEAFOOD's mean deviation of 1.17, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0492, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LEROY SEAFOOD are expected to decrease at a much lower rate. During the bear market, LEROY SEAFOOD is likely to outperform the market. At this point, LEROY SEAFOOD GRUNSPADR has a negative expected return of -0.0647%. Please make sure to verify LEROY SEAFOOD's kurtosis, rate of daily change, and the relationship between the skewness and daily balance of power , to decide if LEROY SEAFOOD GRUNSPADR performance from the past will be repeated at future time.
Auto-correlation
-0.62
Very good reverse predictability
LEROY SEAFOOD GRUNSPADR has very good reverse predictability. Overlapping area represents the amount of predictability between LEROY SEAFOOD time series from 22nd of January 2023 to 17th of January 2024 and 17th of January 2024 to 11th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LEROY SEAFOOD GRUNSPADR price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current LEROY SEAFOOD price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.62
Spearman Rank Test
-0.64
Residual Average
0.0
Price Variance
0.35
LEROY SEAFOOD GRUNSPADR lagged returns against current returns
Autocorrelation, which is LEROY SEAFOOD 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 LEROY SEAFOOD's stock expected returns. We can calculate the autocorrelation of LEROY SEAFOOD returns to help us make a trade decision. For example, suppose you find that LEROY SEAFOOD 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
LEROY SEAFOOD 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 LEROY SEAFOOD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEROY SEAFOOD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEROY SEAFOOD stock over time.
Current vs Lagged Prices
Timeline
LEROY SEAFOOD Lagged Returns
When evaluating LEROY SEAFOOD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEROY SEAFOOD stock have on its future price. LEROY SEAFOOD 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, LEROY SEAFOOD autocorrelation shows the relationship between LEROY SEAFOOD stock current value and its past values and can show if there is a momentum factor associated with investing in LEROY SEAFOOD GRUNSPADR.
LEROY SEAFOOD financial ratios help investors to determine whether LEROY 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 LEROY with respect to the benefits of owning LEROY SEAFOOD security.