Lowes Companies (Brazil) Market Value
| LOWC34 Stock | BRL 77.10 1.46 1.93% |
| Symbol | Lowes |
Lowes Companies '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 Lowes Companies' 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 Lowes Companies.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Lowes Companies on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Lowes Companies or generate 0.0% return on investment in Lowes Companies over 90 days. Lowes Companies is related to or competes with Spotify Technology, Metalurgica Gerdau, Unity Software, Take Two, Verizon Communications, Automatic Data, and Bemobi Mobile. Lowes Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and ... More
Lowes Companies 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 Lowes Companies' 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 Lowes Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0494 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.79 |
Lowes Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lowes Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lowes Companies' standard deviation. In reality, there are many statistical measures that can use Lowes Companies historical prices to predict the future Lowes Companies' volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | 0.1229 | |||
| Total Risk Alpha | 0.0352 | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | (2.33) |
Lowes Companies Backtested Returns
At this point, Lowes Companies is very steady. Lowes Companies has Sharpe Ratio of 0.0649, which conveys that the firm had a 0.0649% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lowes Companies, which you can use to evaluate the volatility of the firm. Please verify Lowes Companies' Risk Adjusted Performance of 0.0711, mean deviation of 0.8864, and Downside Deviation of 2.29 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. Lowes Companies has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0517, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lowes Companies are expected to decrease at a much lower rate. During the bear market, Lowes Companies is likely to outperform the market. Lowes Companies right now secures a risk of 1.62%. Please verify Lowes Companies treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Lowes Companies will be following its current price movements.
Auto-correlation | 0.70 |
Good predictability
Lowes Companies has good predictability. Overlapping area represents the amount of predictability between Lowes Companies time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Lowes Companies price movement. The serial correlation of 0.7 indicates that around 70.0% of current Lowes Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 5.93 |
Lowes Companies lagged returns against current returns
Autocorrelation, which is Lowes Companies 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 Lowes Companies' stock expected returns. We can calculate the autocorrelation of Lowes Companies returns to help us make a trade decision. For example, suppose you find that Lowes Companies 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 |
Lowes Companies 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 Lowes Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lowes Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lowes Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Lowes Companies Lagged Returns
When evaluating Lowes Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lowes Companies stock have on its future price. Lowes Companies 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, Lowes Companies autocorrelation shows the relationship between Lowes Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Lowes Companies.
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.Additional Information and Resources on Investing in Lowes Stock
When determining whether Lowes Companies is a strong investment it is important to analyze Lowes Companies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lowes Companies' future performance. For an informed investment choice regarding Lowes Stock, refer to the following important reports:Check out Lowes Companies Correlation, Lowes Companies Volatility and Lowes Companies Alpha and Beta module to complement your research on Lowes Companies. For information on how to trade Lowes Stock refer to our How to Trade Lowes Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Lowes Companies 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.