LKQ (Germany) Market Value
| LKQ1 Stock | EUR 39.20 1.00 2.62% |
| Symbol | LKQ |
LKQ '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 LKQ'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 LKQ.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in LKQ on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding LKQ Corporation or generate 0.0% return on investment in LKQ over 90 days. LKQ is related to or competes with Thai Beverage, Suntory Beverage, Fevertree Drinks, THAI BEVERAGE, Boston Beer, Direct Line, and SAN MIGUEL. LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repa... More
LKQ 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 LKQ'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 LKQ Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.1115 | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 3.06 |
LKQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LKQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LKQ's standard deviation. In reality, there are many statistical measures that can use LKQ historical prices to predict the future LKQ's volatility.| Risk Adjusted Performance | 0.0532 | |||
| Jensen Alpha | 0.0592 | |||
| Total Risk Alpha | 0.3082 | |||
| Sortino Ratio | 0.1077 | |||
| Treynor Ratio | (0.34) |
LKQ Corporation Backtested Returns
LKQ appears to be very steady, given 3 months investment horizon. LKQ Corporation has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for LKQ, which you can use to evaluate the volatility of the firm. Please exercise LKQ's risk adjusted performance of 0.0532, and Mean Deviation of 1.28 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LKQ holds a performance score of 8. The company secures a Beta (Market Risk) of -0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LKQ are expected to decrease at a much lower rate. During the bear market, LKQ is likely to outperform the market. Please check LKQ's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether LKQ's current price movements will revert.
Auto-correlation | 0.83 |
Very good predictability
LKQ Corporation has very good predictability. Overlapping area represents the amount of predictability between LKQ time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LKQ Corporation price movement. The serial correlation of 0.83 indicates that around 83.0% of current LKQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.94 |
LKQ Corporation lagged returns against current returns
Autocorrelation, which is LKQ 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 LKQ's stock expected returns. We can calculate the autocorrelation of LKQ returns to help us make a trade decision. For example, suppose you find that LKQ 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 |
LKQ 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 LKQ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LKQ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LKQ stock over time.
Current vs Lagged Prices |
| Timeline |
LKQ Lagged Returns
When evaluating LKQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LKQ stock have on its future price. LKQ 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, LKQ autocorrelation shows the relationship between LKQ stock current value and its past values and can show if there is a momentum factor associated with investing in LKQ Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in LKQ Stock
When determining whether LKQ Corporation is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if LKQ Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Lkq Corporation Stock. Highlighted below are key reports to facilitate an investment decision about Lkq Corporation Stock:Check out LKQ Correlation, LKQ Volatility and LKQ Alpha and Beta module to complement your research on LKQ. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
LKQ technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.