Light Science's market value is the price at which a share of Light Science trades on a public exchange. It measures the collective expectations of Light Science Technologies investors about its performance. Light Science is trading at 2.60 as of the 4th of January 2025, a 5.45 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.6. With this module, you can estimate the performance of a buy and hold strategy of Light Science Technologies and determine expected loss or profit from investing in Light Science over a given investment horizon. Check out Light Science Correlation, Light Science Volatility and Light Science Alpha and Beta module to complement your research on Light Science.
Please note, there is a significant difference between Light Science's value and its price as these two are different measures arrived at by different means. Investors typically determine if Light Science is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Light Science's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Light Science '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 Light Science'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 Light Science.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Light Science'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 Light Science Technologies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Light Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Light Science's standard deviation. In reality, there are many statistical measures that can use Light Science historical prices to predict the future Light Science's volatility.
At this point, Light Science is very risky. Light Science Techno has Sharpe Ratio of 0.017, which conveys that the firm had a 0.017% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Light Science, which you can use to evaluate the volatility of the firm. Please verify Light Science's Mean Deviation of 2.12, risk adjusted performance of 0.0215, and Downside Deviation of 4.06 to check out if the risk estimate we provide is consistent with the expected return of 0.0602%. Light Science has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Light Science are expected to decrease at a much lower rate. During the bear market, Light Science is likely to outperform the market. Light Science Techno right now secures a risk of 3.55%. Please verify Light Science Technologies standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Light Science Technologies will be following its current price movements.
Auto-correlation
0.19
Very weak predictability
Light Science Technologies has very weak predictability. Overlapping area represents the amount of predictability between Light Science time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Light Science Techno price movement. The serial correlation of 0.19 indicates that over 19.0% of current Light Science price fluctuation can be explain by its past prices.
Correlation Coefficient
0.19
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
0.02
Light Science Techno lagged returns against current returns
Autocorrelation, which is Light Science 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 Light Science's stock expected returns. We can calculate the autocorrelation of Light Science returns to help us make a trade decision. For example, suppose you find that Light Science 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
Light Science 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 Light Science stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Light Science stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Light Science stock over time.
Current vs Lagged Prices
Timeline
Light Science Lagged Returns
When evaluating Light Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Light Science stock have on its future price. Light Science 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, Light Science autocorrelation shows the relationship between Light Science stock current value and its past values and can show if there is a momentum factor associated with investing in Light Science 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.
Light Science financial ratios help investors to determine whether Light 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 Light with respect to the benefits of owning Light Science security.