Ligao Foods (China) Market Value
| 300973 Stock | 46.50 0.44 0.94% |
| Symbol | Ligao |
Ligao Foods '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 Ligao Foods' 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 Ligao Foods.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Ligao Foods on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Ligao Foods CoLtd or generate 0.0% return on investment in Ligao Foods over 30 days. Ligao Foods is related to or competes with Zhongshan Public, Great Sun, Iat Automobile, Xinjiang Tianrun, Suzhou Weizhixiang, Guilin Seamild, and HaiXin Foods. Ligao Foods is entity of China. It is traded as Stock on SHE exchange. More
Ligao Foods 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 Ligao Foods' 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 Ligao Foods CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.2234 | |||
| Maximum Drawdown | 26.72 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 9.93 |
Ligao Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ligao Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ligao Foods' standard deviation. In reality, there are many statistical measures that can use Ligao Foods historical prices to predict the future Ligao Foods' volatility.| Risk Adjusted Performance | 0.1865 | |||
| Jensen Alpha | 1.07 | |||
| Total Risk Alpha | 0.5371 | |||
| Sortino Ratio | 0.3102 | |||
| Treynor Ratio | 3.62 |
Ligao Foods CoLtd Backtested Returns
Ligao Foods is not too volatile given 3 months investment horizon. Ligao Foods CoLtd has Sharpe Ratio of 0.26, which conveys that the firm had a 0.26% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.22% are justified by taking the suggested risk. Use Ligao Foods CoLtd Risk Adjusted Performance of 0.1865, downside deviation of 3.25, and Mean Deviation of 3.31 to evaluate company specific risk that cannot be diversified away. Ligao Foods holds a performance score of 20 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.3, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Ligao Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ligao Foods is expected to be smaller as well. Use Ligao Foods CoLtd market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Ligao Foods CoLtd.
Auto-correlation | 0.42 |
Average predictability
Ligao Foods CoLtd has average predictability. Overlapping area represents the amount of predictability between Ligao Foods time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Ligao Foods CoLtd price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Ligao Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 11.13 |
Ligao Foods CoLtd lagged returns against current returns
Autocorrelation, which is Ligao Foods 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 Ligao Foods' stock expected returns. We can calculate the autocorrelation of Ligao Foods returns to help us make a trade decision. For example, suppose you find that Ligao Foods 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 |
Ligao Foods 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 Ligao Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ligao Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ligao Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Ligao Foods Lagged Returns
When evaluating Ligao Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ligao Foods stock have on its future price. Ligao Foods 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, Ligao Foods autocorrelation shows the relationship between Ligao Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Ligao Foods CoLtd.
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.Other Information on Investing in Ligao Stock
Ligao Foods financial ratios help investors to determine whether Ligao 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 Ligao with respect to the benefits of owning Ligao Foods security.