Lassonde Industries Stock Market Value
| LAS-A Stock | CAD 179.95 0.22 0.12% |
| Symbol | Lassonde |
Lassonde Industries Price To Book Ratio
Lassonde Industries '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 Lassonde Industries' 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 Lassonde Industries.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Lassonde Industries on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Lassonde Industries or generate 0.0% return on investment in Lassonde Industries over 30 days. Lassonde Industries is related to or competes with Royal Bank, Toronto Dominion, Toronto Dominion, Amazon CDR, Bank of Nova Scotia, and Bank of Montreal. Lassonde Industries Inc., together with its subsidiaries, develops, manufactures, and markets various ready-to-drink fru... More
Lassonde Industries 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 Lassonde Industries' 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 Lassonde Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 1.66 |
Lassonde Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lassonde Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lassonde Industries' standard deviation. In reality, there are many statistical measures that can use Lassonde Industries historical prices to predict the future Lassonde Industries' volatility.| Risk Adjusted Performance | 0.0478 | |||
| Jensen Alpha | 0.0632 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5576 |
Lassonde Industries Backtested Returns
Currently, Lassonde Industries is very steady. Lassonde Industries has Sharpe Ratio of 0.0413, which conveys that the firm had a 0.0413% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lassonde Industries, which you can use to evaluate the volatility of the firm. Please verify Lassonde Industries' Risk Adjusted Performance of 0.0478, downside deviation of 1.25, and Mean Deviation of 0.9239 to check out if the risk estimate we provide is consistent with the expected return of 0.0655%. Lassonde Industries has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lassonde Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Lassonde Industries is expected to be smaller as well. Lassonde Industries right now secures a risk of 1.59%. Please verify Lassonde Industries maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Lassonde Industries will be following its current price movements.
Auto-correlation | -0.09 |
Very weak reverse predictability
Lassonde Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Lassonde Industries time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Lassonde Industries price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Lassonde Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 2.57 |
Lassonde Industries lagged returns against current returns
Autocorrelation, which is Lassonde Industries 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 Lassonde Industries' stock expected returns. We can calculate the autocorrelation of Lassonde Industries returns to help us make a trade decision. For example, suppose you find that Lassonde Industries 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 |
Lassonde Industries 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 Lassonde Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lassonde Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lassonde Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Lassonde Industries Lagged Returns
When evaluating Lassonde Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lassonde Industries stock have on its future price. Lassonde Industries 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, Lassonde Industries autocorrelation shows the relationship between Lassonde Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Lassonde Industries.
Regressed Prices |
| Timeline |
Pair Trading with Lassonde Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lassonde Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lassonde Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Lassonde Stock
The ability to find closely correlated positions to Lassonde Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lassonde Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lassonde Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lassonde Industries to buy it.
The correlation of Lassonde Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lassonde Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lassonde Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lassonde Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lassonde Stock Analysis
When running Lassonde Industries' price analysis, check to measure Lassonde Industries' 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 Lassonde Industries is operating at the current time. Most of Lassonde Industries' value examination focuses on studying past and present price action to predict the probability of Lassonde Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lassonde Industries' price. Additionally, you may evaluate how the addition of Lassonde Industries to your portfolios can decrease your overall portfolio volatility.