Lewis Group (South Africa) Market Value
| LEW Stock | 7,935 64.00 0.80% |
| Symbol | Lewis |
Lewis Group '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 Lewis Group'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 Lewis Group.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Lewis Group on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Lewis Group Limited or generate 0.0% return on investment in Lewis Group over 180 days. Lewis Group is related to or competes with Blue Label, EMedia Holdings, Advtech, Astoria Investments, and Trematon Capital. More
Lewis Group 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 Lewis Group'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 Lewis Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1508 | |||
| Maximum Drawdown | 12.81 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 4.9 |
Lewis Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lewis Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lewis Group's standard deviation. In reality, there are many statistical measures that can use Lewis Group historical prices to predict the future Lewis Group's volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 0.3775 | |||
| Total Risk Alpha | 0.3019 | |||
| Sortino Ratio | 0.1765 | |||
| Treynor Ratio | (0.69) |
Lewis Group Limited Backtested Returns
Lewis Group appears to be very steady, given 3 months investment horizon. Lewis Group Limited has Sharpe Ratio of 0.0922, which conveys that the firm had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lewis Group, which you can use to evaluate the volatility of the firm. Please exercise Lewis Group's Downside Deviation of 1.95, mean deviation of 1.65, and Risk Adjusted Performance of 0.1372 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lewis Group holds a performance score of 7. The company secures a Beta (Market Risk) of -0.53, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lewis Group are expected to decrease at a much lower rate. During the bear market, Lewis Group is likely to outperform the market. Please check Lewis Group's semi variance, accumulation distribution, and the relationship between the potential upside and skewness , to make a quick decision on whether Lewis Group's current price movements will revert.
Auto-correlation | 0.68 |
Good predictability
Lewis Group Limited has good predictability. Overlapping area represents the amount of predictability between Lewis Group time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Lewis Group Limited price movement. The serial correlation of 0.68 indicates that around 68.0% of current Lewis Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 269 K |
Lewis Group Limited lagged returns against current returns
Autocorrelation, which is Lewis Group 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 Lewis Group's stock expected returns. We can calculate the autocorrelation of Lewis Group returns to help us make a trade decision. For example, suppose you find that Lewis Group 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 |
Lewis Group 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 Lewis Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lewis Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lewis Group stock over time.
Current vs Lagged Prices |
| Timeline |
Lewis Group Lagged Returns
When evaluating Lewis Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lewis Group stock have on its future price. Lewis Group 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, Lewis Group autocorrelation shows the relationship between Lewis Group stock current value and its past values and can show if there is a momentum factor associated with investing in Lewis Group Limited.
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 Lewis Stock
Lewis Group financial ratios help investors to determine whether Lewis 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 Lewis with respect to the benefits of owning Lewis Group security.