Lifecare (Norway) Market Value
| LIFE Stock | NOK 14.50 0.35 2.36% |
| Symbol | Lifecare |
Lifecare '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 Lifecare'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 Lifecare.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Lifecare on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Lifecare AS or generate 0.0% return on investment in Lifecare over 690 days. Lifecare is related to or competes with Bergenbio ASA, Aega ASA, Saga Pure, and Scana ASA. Lifecare AS engages in the research and development of medical sensors for health monitoring in Norway More
Lifecare 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 Lifecare'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 Lifecare AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 26.38 | |||
| Value At Risk | (9.82) | |||
| Potential Upside | 7.26 |
Lifecare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lifecare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lifecare's standard deviation. In reality, there are many statistical measures that can use Lifecare historical prices to predict the future Lifecare's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.26) |
Lifecare AS Backtested Returns
Lifecare AS has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1% return per unit of risk over the last 3 months. Lifecare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lifecare's Standard Deviation of 4.69, mean deviation of 3.3, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.88, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Lifecare will likely underperform. At this point, Lifecare AS has a negative expected return of -0.49%. Please make sure to verify Lifecare's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Lifecare AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Lifecare AS has poor reverse predictability. Overlapping area represents the amount of predictability between Lifecare time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Lifecare AS price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Lifecare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 115.88 |
Lifecare AS lagged returns against current returns
Autocorrelation, which is Lifecare 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 Lifecare's stock expected returns. We can calculate the autocorrelation of Lifecare returns to help us make a trade decision. For example, suppose you find that Lifecare 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 |
Lifecare 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 Lifecare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lifecare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lifecare stock over time.
Current vs Lagged Prices |
| Timeline |
Lifecare Lagged Returns
When evaluating Lifecare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lifecare stock have on its future price. Lifecare 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, Lifecare autocorrelation shows the relationship between Lifecare stock current value and its past values and can show if there is a momentum factor associated with investing in Lifecare AS.
Regressed Prices |
| Timeline |
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Lifecare financial ratios help investors to determine whether Lifecare 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 Lifecare with respect to the benefits of owning Lifecare security.