Lesaka Technologies (South Africa) Market Value
| LSK Stock | 9,021 43.00 0.47% |
| Symbol | Lesaka |
Lesaka Technologies '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 Lesaka Technologies' 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 Lesaka Technologies.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Lesaka Technologies on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Lesaka Technologies or generate 0.0% return on investment in Lesaka Technologies over 60 days. Lesaka Technologies is related to or competes with Reinet Investments, Zeder Investments, HomeChoice Investments, and CA Sales. More
Lesaka Technologies 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 Lesaka Technologies' 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 Lesaka Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 5.6 |
Lesaka Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lesaka Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lesaka Technologies' standard deviation. In reality, there are many statistical measures that can use Lesaka Technologies historical prices to predict the future Lesaka Technologies' volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.2128 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 7.0E-4 | |||
| Treynor Ratio | (0.14) |
Lesaka Technologies Backtested Returns
At this point, Lesaka Technologies is very steady. Lesaka Technologies has Sharpe Ratio of 0.0466, which conveys that the firm had a 0.0466% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lesaka Technologies, which you can use to evaluate the volatility of the firm. Please verify Lesaka Technologies' Downside Deviation of 3.45, risk adjusted performance of 0.0406, and Mean Deviation of 1.74 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Lesaka Technologies has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lesaka Technologies are expected to decrease at a much lower rate. During the bear market, Lesaka Technologies is likely to outperform the market. Lesaka Technologies right now secures a risk of 2.82%. Please verify Lesaka Technologies downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if Lesaka Technologies will be following its current price movements.
Auto-correlation | -0.07 |
Very weak reverse predictability
Lesaka Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Lesaka Technologies time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Lesaka Technologies price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Lesaka Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 63.1 K |
Lesaka Technologies lagged returns against current returns
Autocorrelation, which is Lesaka Technologies 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 Lesaka Technologies' stock expected returns. We can calculate the autocorrelation of Lesaka Technologies returns to help us make a trade decision. For example, suppose you find that Lesaka Technologies 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 |
Lesaka Technologies 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 Lesaka Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lesaka Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lesaka Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Lesaka Technologies Lagged Returns
When evaluating Lesaka Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lesaka Technologies stock have on its future price. Lesaka Technologies 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, Lesaka Technologies autocorrelation shows the relationship between Lesaka Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Lesaka Technologies.
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 Lesaka Stock
When determining whether Lesaka Technologies 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 Lesaka 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 Lesaka Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Lesaka Technologies Stock:Check out Lesaka Technologies Correlation, Lesaka Technologies Volatility and Lesaka Technologies Alpha and Beta module to complement your research on Lesaka Technologies. For information on how to trade Lesaka Stock refer to our How to Trade Lesaka Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Lesaka Technologies 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.