LEGAL GENERAL (Germany) Market Value
| LGI Stock | EUR 2.69 0.01 0.37% |
| Symbol | LEGAL |
LEGAL GENERAL '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 LEGAL GENERAL'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 LEGAL GENERAL.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in LEGAL GENERAL on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding LEGAL GENERAL or generate 0.0% return on investment in LEGAL GENERAL over 30 days. LEGAL GENERAL is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
LEGAL GENERAL 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 LEGAL GENERAL'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 LEGAL GENERAL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.62 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.88 |
LEGAL GENERAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LEGAL GENERAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LEGAL GENERAL's standard deviation. In reality, there are many statistical measures that can use LEGAL GENERAL historical prices to predict the future LEGAL GENERAL's volatility.| Risk Adjusted Performance | 0.0156 | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0231 |
LEGAL GENERAL Backtested Returns
At this point, LEGAL GENERAL is slightly risky. LEGAL GENERAL has Sharpe Ratio of 0.0106, which conveys that the firm had a 0.0106% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for LEGAL GENERAL, which you can use to evaluate the volatility of the firm. Please verify LEGAL GENERAL's risk adjusted performance of 0.0156, and Mean Deviation of 0.921 to check out if the risk estimate we provide is consistent with the expected return of 0.0129%. The company secures a Beta (Market Risk) of 0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LEGAL GENERAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding LEGAL GENERAL is expected to be smaller as well. LEGAL GENERAL now secures a risk of 1.22%. Please verify LEGAL GENERAL information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if LEGAL GENERAL will be following its current price movements.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
LEGAL GENERAL has almost perfect reverse predictability. Overlapping area represents the amount of predictability between LEGAL GENERAL time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 LEGAL GENERAL price movement. The serial correlation of -0.77 indicates that around 77.0% of current LEGAL GENERAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LEGAL GENERAL lagged returns against current returns
Autocorrelation, which is LEGAL GENERAL 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 LEGAL GENERAL's stock expected returns. We can calculate the autocorrelation of LEGAL GENERAL returns to help us make a trade decision. For example, suppose you find that LEGAL GENERAL 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 |
LEGAL GENERAL 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 LEGAL GENERAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LEGAL GENERAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LEGAL GENERAL stock over time.
Current vs Lagged Prices |
| Timeline |
LEGAL GENERAL Lagged Returns
When evaluating LEGAL GENERAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LEGAL GENERAL stock have on its future price. LEGAL GENERAL 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, LEGAL GENERAL autocorrelation shows the relationship between LEGAL GENERAL stock current value and its past values and can show if there is a momentum factor associated with investing in LEGAL GENERAL.
Regressed Prices |
| Timeline |
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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 LEGAL Stock
LEGAL GENERAL financial ratios help investors to determine whether LEGAL 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 LEGAL with respect to the benefits of owning LEGAL GENERAL security.