LG Battery's market value is the price at which a share of LG Battery trades on a public exchange. It measures the collective expectations of LG Battery Value Chain investors about its performance. LG Battery is trading at 15.23 as of the 13th of March 2025, a 1.1 percent decrease since the beginning of the trading day. The etf's lowest day price was 15.19. With this module, you can estimate the performance of a buy and hold strategy of LG Battery Value Chain and determine expected loss or profit from investing in LG Battery over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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.
0.00
12/13/2024
No Change 0.00
0.0
In 3 months and 1 day
03/13/2025
0.00
If you would invest 0.00 in LG Battery on December 13, 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 90 days.
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.
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.
LG Battery Value retains Efficiency (Sharpe Ratio) of -0.0437, which conveys that the entity had a -0.0437 % return per unit of price deviation over the last 3 months. LG Battery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Battery's Information Ratio of 0.0481, market risk adjusted performance of (0.32), and Mean Deviation of 1.18 to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LG Battery's returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Battery is expected to be smaller as well.
Auto-correlation
-0.22
Weak reverse predictability
LG Battery Value Chain has weak reverse predictability. Overlapping area represents the amount of predictability between LG Battery time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 -0.22 indicates that over 22.0% of current LG Battery price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.22
Spearman Rank Test
-0.2
Residual Average
0.0
Price Variance
0.11
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
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