LODESTAR MIN (Germany) Market Value
| 3EJ Stock | EUR 0.09 0.0001 0.11% |
| Symbol | LODESTAR |
LODESTAR MIN '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 LODESTAR MIN'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 LODESTAR MIN.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in LODESTAR MIN on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding LODESTAR MIN or generate 0.0% return on investment in LODESTAR MIN over 720 days. LODESTAR MIN is related to or competes with CANON MARKETING, Salesforce, QURATE RETAIL, and Ross Stores. More
LODESTAR MIN 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 LODESTAR MIN'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 LODESTAR MIN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1226 | |||
| Maximum Drawdown | 1895.57 |
LODESTAR MIN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LODESTAR MIN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LODESTAR MIN's standard deviation. In reality, there are many statistical measures that can use LODESTAR MIN historical prices to predict the future LODESTAR MIN's volatility.| Risk Adjusted Performance | 0.0989 | |||
| Jensen Alpha | 23.15 | |||
| Total Risk Alpha | (8.27) | |||
| Treynor Ratio | 0.5911 |
LODESTAR MIN Backtested Returns
LODESTAR MIN is out of control given 3 months investment horizon. LODESTAR MIN has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We are able to break down nineteen different technical indicators, which can help you to evaluate if expected returns of 15.62% are justified by taking the suggested risk. Use LODESTAR MIN mean deviation of 56.57, and Risk Adjusted Performance of 0.0989 to evaluate company specific risk that cannot be diversified away. LODESTAR MIN holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 48.56, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LODESTAR MIN will likely underperform. Use LODESTAR MIN mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to analyze future returns on LODESTAR MIN.
Auto-correlation | 0.00 |
No correlation between past and present
LODESTAR MIN has no correlation between past and present. Overlapping area represents the amount of predictability between LODESTAR MIN time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 LODESTAR MIN price movement. The serial correlation of 0.0 indicates that just 0.0% of current LODESTAR MIN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LODESTAR MIN lagged returns against current returns
Autocorrelation, which is LODESTAR MIN 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 LODESTAR MIN's stock expected returns. We can calculate the autocorrelation of LODESTAR MIN returns to help us make a trade decision. For example, suppose you find that LODESTAR MIN 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 |
LODESTAR MIN 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 LODESTAR MIN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LODESTAR MIN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LODESTAR MIN stock over time.
Current vs Lagged Prices |
| Timeline |
LODESTAR MIN Lagged Returns
When evaluating LODESTAR MIN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LODESTAR MIN stock have on its future price. LODESTAR MIN 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, LODESTAR MIN autocorrelation shows the relationship between LODESTAR MIN stock current value and its past values and can show if there is a momentum factor associated with investing in LODESTAR MIN.
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.Other Information on Investing in LODESTAR Stock
LODESTAR MIN financial ratios help investors to determine whether LODESTAR 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 LODESTAR with respect to the benefits of owning LODESTAR MIN security.