LG Battery (Germany) Market Value
| BATE Etf | EUR 16.36 0.23 1.39% |
| Symbol | BATE |
LG Battery '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 LG Battery's etf 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 LG Battery.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in LG Battery on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding LG Battery Value Chain or generate 0.0% return on investment in LG Battery over 60 days. LG Battery is related to or competes with SPDR Barclays. The objective of the fund is to provide exposure to basket of stocks of providers for electro-chemical energy storage te... More
LG Battery 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 LG Battery's etf 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 LG Battery Value Chain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.0547 | |||
| Maximum Drawdown | 6.4 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.25 |
LG Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Battery's standard deviation. In reality, there are many statistical measures that can use LG Battery historical prices to predict the future LG Battery's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.0862 | |||
| Total Risk Alpha | 0.0624 | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LG Battery'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.
LG Battery Value Backtested Returns
At this point, LG Battery is very steady. LG Battery Value retains Efficiency (Sharpe Ratio) of 0.0323, which conveys that the entity had a 0.0323% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for LG Battery, which you can use to evaluate the volatility of the etf. Please verify LG Battery's Market Risk Adjusted Performance of (0.22), standard deviation of 1.27, and Mean Deviation of 1.03 to check out if the risk estimate we provide is consistent with the expected return of 0.0399%. The etf owns a Beta (Systematic Risk) of -0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning LG Battery are expected to decrease at a much lower rate. During the bear market, LG Battery is likely to outperform the market.
Auto-correlation | 0.38 |
Below average predictability
LG Battery Value Chain has below average predictability. Overlapping area represents the amount of predictability between LG Battery time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 LG Battery Value price movement. The serial correlation of 0.38 indicates that just about 38.0% of current LG Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
LG Battery Value lagged returns against current returns
Autocorrelation, which is LG Battery etf'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 LG Battery's etf expected returns. We can calculate the autocorrelation of LG Battery returns to help us make a trade decision. For example, suppose you find that LG Battery has exhibited high autocorrelation historically, and you observe that the etf 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 |
LG Battery 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 LG Battery etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Battery etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Battery etf over time.
Current vs Lagged Prices |
| Timeline |
LG Battery Lagged Returns
When evaluating LG Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Battery etf have on its future price. LG Battery 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, LG Battery autocorrelation shows the relationship between LG Battery etf current value and its past values and can show if there is a momentum factor associated with investing in LG Battery Value Chain.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BATE Etf
LG Battery financial ratios help investors to determine whether BATE Etf 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 BATE with respect to the benefits of owning LG Battery security.