LLOYDS METALS (India) Market Value
| LLOYDSME | 1,040 70.80 7.31% |
| Symbol | LLOYDS |
LLOYDS METALS '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 LLOYDS METALS'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 LLOYDS METALS.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in LLOYDS METALS on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding LLOYDS METALS AND or generate 0.0% return on investment in LLOYDS METALS over 180 days. LLOYDS METALS is related to or competes with JSW Steel, Tata Steel, Jindal Steel, Jindal Stainless, APL Apollo, Ratnamani Metals, and KIOCL. LLOYDS METALS is entity of India. It is traded as Stock on NSE exchange. More
LLOYDS METALS 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 LLOYDS METALS'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 LLOYDS METALS AND upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.1321 | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (3.41) | |||
| Potential Upside | 5.22 |
LLOYDS METALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LLOYDS METALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LLOYDS METALS's standard deviation. In reality, there are many statistical measures that can use LLOYDS METALS historical prices to predict the future LLOYDS METALS's volatility.| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.3589 | |||
| Total Risk Alpha | 0.0413 | |||
| Sortino Ratio | 0.151 | |||
| Treynor Ratio | 0.6038 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LLOYDS METALS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LLOYDS METALS AND Backtested Returns
LLOYDS METALS appears to be very steady, given 3 months investment horizon. LLOYDS METALS AND has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of volatility over the last 3 months. By inspecting LLOYDS METALS's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please exercise LLOYDS METALS's risk adjusted performance of 0.1503, and Mean Deviation of 1.8 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LLOYDS METALS holds a performance score of 16. The company secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LLOYDS METALS's returns are expected to increase less than the market. However, during the bear market, the loss of holding LLOYDS METALS is expected to be smaller as well. Please check LLOYDS METALS's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether LLOYDS METALS's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
LLOYDS METALS AND has average predictability. Overlapping area represents the amount of predictability between LLOYDS METALS time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 LLOYDS METALS AND price movement. The serial correlation of 0.45 indicates that just about 45.0% of current LLOYDS METALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 7120.4 |
LLOYDS METALS AND lagged returns against current returns
Autocorrelation, which is LLOYDS METALS 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 LLOYDS METALS's stock expected returns. We can calculate the autocorrelation of LLOYDS METALS returns to help us make a trade decision. For example, suppose you find that LLOYDS METALS 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 |
LLOYDS METALS 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 LLOYDS METALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LLOYDS METALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LLOYDS METALS stock over time.
Current vs Lagged Prices |
| Timeline |
LLOYDS METALS Lagged Returns
When evaluating LLOYDS METALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LLOYDS METALS stock have on its future price. LLOYDS METALS 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, LLOYDS METALS autocorrelation shows the relationship between LLOYDS METALS stock current value and its past values and can show if there is a momentum factor associated with investing in LLOYDS METALS AND.
Regressed Prices |
| Timeline |
Also Currently Popular
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 LLOYDS Stock
LLOYDS METALS financial ratios help investors to determine whether LLOYDS 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 LLOYDS with respect to the benefits of owning LLOYDS METALS security.