AS Latvijas (Germany) Market Value
| UM9 Stock | EUR 9.05 0.05 0.55% |
| Symbol | UM9 |
AS Latvijas '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 AS Latvijas' 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 AS Latvijas.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in AS Latvijas on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding AS Latvijas balzams or generate 0.0% return on investment in AS Latvijas over 30 days. AS Latvijas is related to or competes with Diageo Plc, Brown Forman, Davide Campari, Altia Oyj, LANSON BCC, MASI AGRICOLA, and AMBRA SA. AS Latvijas balzams produces and sells alcoholic beverages in Latvia More
AS Latvijas 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 AS Latvijas' 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 AS Latvijas balzams upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.22 |
AS Latvijas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AS Latvijas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AS Latvijas' standard deviation. In reality, there are many statistical measures that can use AS Latvijas historical prices to predict the future AS Latvijas' volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.0167 | |||
| Total Risk Alpha | 0.0082 | |||
| Treynor Ratio | (0.35) |
AS Latvijas balzams Backtested Returns
Currently, AS Latvijas balzams is very steady. AS Latvijas balzams retains Efficiency (Sharpe Ratio) of 0.0965, which signifies that the company had a 0.0965% return per unit of price deviation over the last 3 months. We have found twenty technical indicators for AS Latvijas, which you can use to evaluate the volatility of the firm. Please confirm AS Latvijas' Market Risk Adjusted Performance of (0.34), information ratio of (0.02), and Variance of 0.0707 to double-check if the risk estimate we provide is consistent with the expected return of 0.0257%. AS Latvijas has a performance score of 7 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0451, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AS Latvijas are expected to decrease at a much lower rate. During the bear market, AS Latvijas is likely to outperform the market. AS Latvijas balzams today owns a risk of 0.27%. Please confirm AS Latvijas balzams information ratio, kurtosis, and the relationship between the standard deviation and total risk alpha , to decide if AS Latvijas balzams will be following its current price history.
Auto-correlation | 0.42 |
Average predictability
AS Latvijas balzams has average predictability. Overlapping area represents the amount of predictability between AS Latvijas time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 AS Latvijas balzams price movement. The serial correlation of 0.42 indicates that just about 42.0% of current AS Latvijas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AS Latvijas balzams lagged returns against current returns
Autocorrelation, which is AS Latvijas 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 AS Latvijas' stock expected returns. We can calculate the autocorrelation of AS Latvijas returns to help us make a trade decision. For example, suppose you find that AS Latvijas 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 |
AS Latvijas 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 AS Latvijas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AS Latvijas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AS Latvijas stock over time.
Current vs Lagged Prices |
| Timeline |
AS Latvijas Lagged Returns
When evaluating AS Latvijas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AS Latvijas stock have on its future price. AS Latvijas 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, AS Latvijas autocorrelation shows the relationship between AS Latvijas stock current value and its past values and can show if there is a momentum factor associated with investing in AS Latvijas balzams.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for UM9 Stock Analysis
When running AS Latvijas' price analysis, check to measure AS Latvijas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AS Latvijas is operating at the current time. Most of AS Latvijas' value examination focuses on studying past and present price action to predict the probability of AS Latvijas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AS Latvijas' price. Additionally, you may evaluate how the addition of AS Latvijas to your portfolios can decrease your overall portfolio volatility.