Lyckegard Group (Sweden) Market Value
| LYGRD Stock | 1.40 0.03 2.10% |
| Symbol | Lyckegard |
Lyckegard Group '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 Lyckegard Group'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 Lyckegard Group.
| 04/27/2024 |
| 06/26/2024 |
If you would invest 0.00 in Lyckegard Group on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Lyckegard Group AB or generate 0.0% return on investment in Lyckegard Group over 60 days. Lyckegard Group is related to or competes with Investor, Sandvik AB, Svenska Handelsbanken, Atlas Copco, and Telefonaktiebolaget. More
Lyckegard Group 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 Lyckegard Group'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 Lyckegard Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.79 |
Lyckegard Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lyckegard Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lyckegard Group's standard deviation. In reality, there are many statistical measures that can use Lyckegard Group historical prices to predict the future Lyckegard Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.0215 | |||
| Treynor Ratio | 0.2054 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lyckegard Group'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.
Lyckegard Group AB Backtested Returns
Currently, Lyckegard Group AB is out of control. Lyckegard Group AB has Sharpe Ratio of 0.0048, which conveys that the firm had a 0.0048% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Lyckegard Group, which you can use to evaluate the volatility of the firm. Please verify Lyckegard Group's Risk Adjusted Performance of (0.02), standard deviation of 2.86, and Mean Deviation of 2.04 to check out if the risk estimate we provide is consistent with the expected return of 0.0135%. The company secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lyckegard Group are expected to decrease at a much lower rate. During the bear market, Lyckegard Group is likely to outperform the market. Lyckegard Group AB right now secures a risk of 2.79%. Please verify Lyckegard Group AB potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Lyckegard Group AB will be following its current price movements.
Auto-correlation | -0.64 |
Very good reverse predictability
Lyckegard Group AB has very good reverse predictability. Overlapping area represents the amount of predictability between Lyckegard Group time series from 27th of April 2024 to 27th of May 2024 and 27th of May 2024 to 26th of June 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 Lyckegard Group AB price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Lyckegard Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Lyckegard Group AB lagged returns against current returns
Autocorrelation, which is Lyckegard Group 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 Lyckegard Group's stock expected returns. We can calculate the autocorrelation of Lyckegard Group returns to help us make a trade decision. For example, suppose you find that Lyckegard Group 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 |
Lyckegard Group 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 Lyckegard Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lyckegard Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lyckegard Group stock over time.
Current vs Lagged Prices |
| Timeline |
Lyckegard Group Lagged Returns
When evaluating Lyckegard Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lyckegard Group stock have on its future price. Lyckegard Group 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, Lyckegard Group autocorrelation shows the relationship between Lyckegard Group stock current value and its past values and can show if there is a momentum factor associated with investing in Lyckegard Group AB.
Regressed Prices |
| Timeline |
Pair Trading with Lyckegard Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lyckegard Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lyckegard Group will appreciate offsetting losses from the drop in the long position's value.Moving against Lyckegard Stock
| 0.5 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.5 | ATCO-B | Atlas Copco AB | PairCorr |
| 0.39 | ENGCON-B | engcon AB Cl | PairCorr |
| 0.35 | SEB-A | Skandinaviska Enskilda | PairCorr |
The ability to find closely correlated positions to Lyckegard Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lyckegard Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lyckegard Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lyckegard Group AB to buy it.
The correlation of Lyckegard Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lyckegard Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lyckegard Group AB moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lyckegard Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Lyckegard Stock Analysis
When running Lyckegard Group's price analysis, check to measure Lyckegard Group's 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 Lyckegard Group is operating at the current time. Most of Lyckegard Group's value examination focuses on studying past and present price action to predict the probability of Lyckegard Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lyckegard Group's price. Additionally, you may evaluate how the addition of Lyckegard Group to your portfolios can decrease your overall portfolio volatility.