Lea Bank (Norway) Market Value
| LEA Stock | 9.70 0.50 5.43% |
| Symbol | Lea |
Lea Bank '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 Lea Bank'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 Lea Bank.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Lea Bank on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Lea Bank ASA or generate 0.0% return on investment in Lea Bank over 720 days. Lea Bank is related to or competes with Bien Sparebank, Romerike Sparebank, Elkem ASA, Integrated Wind, Vow ASA, and North Energy. More
Lea Bank 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 Lea Bank'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 Lea Bank ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0855 | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 5.14 |
Lea Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lea Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lea Bank's standard deviation. In reality, there are many statistical measures that can use Lea Bank historical prices to predict the future Lea Bank's volatility.| Risk Adjusted Performance | 0.1119 | |||
| Jensen Alpha | 0.3297 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0866 | |||
| Treynor Ratio | 1.75 |
Lea Bank ASA Backtested Returns
Lea Bank appears to be somewhat reliable, given 3 months investment horizon. Lea Bank ASA has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lea Bank, which you can use to evaluate the volatility of the firm. Please exercise Lea Bank's Mean Deviation of 2.03, risk adjusted performance of 0.1119, and Downside Deviation of 2.63 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lea Bank holds a performance score of 11. The company secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lea Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lea Bank is expected to be smaller as well. Please check Lea Bank's semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Lea Bank's current price movements will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Lea Bank ASA has insignificant predictability. Overlapping area represents the amount of predictability between Lea Bank time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Lea Bank ASA price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Lea Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Lea Bank ASA lagged returns against current returns
Autocorrelation, which is Lea Bank 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 Lea Bank's stock expected returns. We can calculate the autocorrelation of Lea Bank returns to help us make a trade decision. For example, suppose you find that Lea Bank 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 |
Lea Bank 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 Lea Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lea Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lea Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Lea Bank Lagged Returns
When evaluating Lea Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lea Bank stock have on its future price. Lea Bank 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, Lea Bank autocorrelation shows the relationship between Lea Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Lea Bank ASA.
Regressed Prices |
| Timeline |
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Lea Bank financial ratios help investors to determine whether Lea 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 Lea with respect to the benefits of owning Lea Bank security.