LKQ Corp (Germany) Market Value
| LKQ1 Stock | 35.40 0.20 0.57% |
| Symbol | LKQ |
LKQ Corp '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 Corp'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 Corp.
| 11/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in LKQ Corp on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding LKQ Corp or generate 0.0% return on investment in LKQ Corp over 60 days. LKQ Corp is related to or competes with Teradata Corp, Gruppo Mutuionline, Cass Information, INFORMATION SVC, Carsales, PDS Biotechnology, and Lamar Advertising. More
LKQ Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.014 | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.32 |
LKQ Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LKQ Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LKQ Corp's standard deviation. In reality, there are many statistical measures that can use LKQ Corp historical prices to predict the future LKQ Corp's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | 0.0106 | |||
| Sortino Ratio | 0.0131 | |||
| Treynor Ratio | 0.099 |
LKQ Corp Backtested Returns
Currently, LKQ Corp is out of control. LKQ Corp has Sharpe Ratio of 0.0298, which conveys that the firm had a 0.0298% return per unit of volatility over the last 3 months. We have found thirty technical indicators for LKQ Corp, which you can use to evaluate the volatility of the firm. Please verify LKQ Corp's risk adjusted performance of 0.0284, and Mean Deviation of 1.04 to check out if the risk estimate we provide is consistent with the expected return of 0.0421%. LKQ Corp has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LKQ Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding LKQ Corp is expected to be smaller as well. LKQ Corp currently secures a risk of 1.41%. Please verify LKQ Corp treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if LKQ Corp will be following its current price movements.
Auto-correlation | -0.47 |
Modest reverse predictability
LKQ Corp has modest reverse predictability. Overlapping area represents the amount of predictability between LKQ Corp time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 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 Corp price movement. The serial correlation of -0.47 indicates that about 47.0% of current LKQ Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
LKQ Corp lagged returns against current returns
Autocorrelation, which is LKQ Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of LKQ Corp returns to help us make a trade decision. For example, suppose you find that LKQ Corp 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 Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LKQ Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LKQ Corp stock over time.
Current vs Lagged Prices |
| Timeline |
LKQ Corp Lagged Returns
When evaluating LKQ Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LKQ Corp stock have on its future price. LKQ Corp 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 Corp autocorrelation shows the relationship between LKQ Corp stock current value and its past values and can show if there is a momentum factor associated with investing in LKQ Corp.
Regressed Prices |
| Timeline |
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Additional Tools for LKQ Stock Analysis
When running LKQ Corp's price analysis, check to measure LKQ Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LKQ Corp is operating at the current time. Most of LKQ Corp's value examination focuses on studying past and present price action to predict the probability of LKQ Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LKQ Corp's price. Additionally, you may evaluate how the addition of LKQ Corp to your portfolios can decrease your overall portfolio volatility.