LONDON STEXUNSPADRS12 (Germany) Market Value
| LS4D Stock | EUR 33.80 0.60 1.81% |
| Symbol | LONDON |
LONDON STEXUNSPADRS12 '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 LONDON STEXUNSPADRS12'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 LONDON STEXUNSPADRS12.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in LONDON STEXUNSPADRS12 on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding LONDON STEXUNSPADRS12 or generate 0.0% return on investment in LONDON STEXUNSPADRS12 over 390 days. LONDON STEXUNSPADRS12 is related to or competes with QBE Insurance, Commonwealth Bank, IMPERIAL TOBACCO, American Airlines, Regions Financial, Gol Intelligent, and Ameriprise Financial. London Stock Exchange Group plc engages in market infrastructure business primarily in the United Kingdom, the United St... More
LONDON STEXUNSPADRS12 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 LONDON STEXUNSPADRS12'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 LONDON STEXUNSPADRS12 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0495 | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 3.23 |
LONDON STEXUNSPADRS12 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LONDON STEXUNSPADRS12's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LONDON STEXUNSPADRS12's standard deviation. In reality, there are many statistical measures that can use LONDON STEXUNSPADRS12 historical prices to predict the future LONDON STEXUNSPADRS12's volatility.| Risk Adjusted Performance | 0.0839 | |||
| Jensen Alpha | 0.1846 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0528 | |||
| Treynor Ratio | (1.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LONDON STEXUNSPADRS12'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.
LONDON STEXUNSPADRS12 Backtested Returns
At this point, LONDON STEXUNSPADRS12 is very steady. LONDON STEXUNSPADRS12 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-seven technical indicators for LONDON STEXUNSPADRS12, which you can use to evaluate the volatility of the firm. Please verify LONDON STEXUNSPADRS12's mean deviation of 1.33, and Risk Adjusted Performance of 0.0839 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. LONDON STEXUNSPADRS12 has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LONDON STEXUNSPADRS12 are expected to decrease at a much lower rate. During the bear market, LONDON STEXUNSPADRS12 is likely to outperform the market. LONDON STEXUNSPADRS12 currently secures a risk of 1.72%. Please verify LONDON STEXUNSPADRS12 sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if LONDON STEXUNSPADRS12 will be following its current price movements.
Auto-correlation | 0.21 |
Weak predictability
LONDON STEXUNSPADRS12 has weak predictability. Overlapping area represents the amount of predictability between LONDON STEXUNSPADRS12 time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 LONDON STEXUNSPADRS12 price movement. The serial correlation of 0.21 indicates that over 21.0% of current LONDON STEXUNSPADRS12 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
LONDON STEXUNSPADRS12 lagged returns against current returns
Autocorrelation, which is LONDON STEXUNSPADRS12 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 LONDON STEXUNSPADRS12's stock expected returns. We can calculate the autocorrelation of LONDON STEXUNSPADRS12 returns to help us make a trade decision. For example, suppose you find that LONDON STEXUNSPADRS12 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 |
LONDON STEXUNSPADRS12 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 LONDON STEXUNSPADRS12 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LONDON STEXUNSPADRS12 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LONDON STEXUNSPADRS12 stock over time.
Current vs Lagged Prices |
| Timeline |
LONDON STEXUNSPADRS12 Lagged Returns
When evaluating LONDON STEXUNSPADRS12's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LONDON STEXUNSPADRS12 stock have on its future price. LONDON STEXUNSPADRS12 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, LONDON STEXUNSPADRS12 autocorrelation shows the relationship between LONDON STEXUNSPADRS12 stock current value and its past values and can show if there is a momentum factor associated with investing in LONDON STEXUNSPADRS12.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in LONDON Stock
LONDON STEXUNSPADRS12 financial ratios help investors to determine whether LONDON 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 LONDON with respect to the benefits of owning LONDON STEXUNSPADRS12 security.