Linamar Stock Market Value
| LIMAF Stock | USD 43.33 0.35 0.81% |
| Symbol | Linamar |
Linamar '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 Linamar's pink sheet 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 Linamar.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Linamar on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Linamar or generate 0.0% return on investment in Linamar over 90 days. Linamar is related to or competes with Dorman Products, Standard, Motorcar Parts, Douglas Dynamics, Stoneridge, BorgWarner, and Aptiv PLC. Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North A... More
Linamar 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 Linamar's pink sheet 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 Linamar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.13 |
Linamar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linamar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linamar's standard deviation. In reality, there are many statistical measures that can use Linamar historical prices to predict the future Linamar's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (1.87) |
Linamar Backtested Returns
Linamar has Sharpe Ratio of -0.0384, which conveys that the firm had a -0.0384% return per unit of risk over the last 3 months. Linamar exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Linamar's Risk Adjusted Performance of (0.02), standard deviation of 1.62, and Mean Deviation of 1.15 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0387, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Linamar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Linamar is expected to be smaller as well. At this point, Linamar has a negative expected return of -0.0622%. Please make sure to verify Linamar's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Linamar performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Linamar has very weak reverse predictability. Overlapping area represents the amount of predictability between Linamar time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 Linamar price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Linamar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.21 |
Linamar lagged returns against current returns
Autocorrelation, which is Linamar pink sheet'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 Linamar's pink sheet expected returns. We can calculate the autocorrelation of Linamar returns to help us make a trade decision. For example, suppose you find that Linamar has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Linamar 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 Linamar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linamar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linamar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Linamar Lagged Returns
When evaluating Linamar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linamar pink sheet have on its future price. Linamar 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, Linamar autocorrelation shows the relationship between Linamar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Linamar.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Linamar Pink Sheet
Linamar financial ratios help investors to determine whether Linamar Pink Sheet 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 Linamar with respect to the benefits of owning Linamar security.