Lamar Advertising (Germany) Market Value
| 6LA Stock | EUR 117.00 2.60 2.17% |
| Symbol | Lamar |
Lamar Advertising '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 Lamar Advertising'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 Lamar Advertising.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Lamar Advertising on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Lamar Advertising or generate 0.0% return on investment in Lamar Advertising over 30 days. Lamar Advertising is related to or competes with Crown Castle, Equinix, W P, Gaming, DEXUS, and GPT. Founded in 1902, La mar Advertising is one of the largest outdoor advertising companies in North America, with approxima... More
Lamar Advertising 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 Lamar Advertising'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 Lamar Advertising upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.67 |
Lamar Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lamar Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lamar Advertising's standard deviation. In reality, there are many statistical measures that can use Lamar Advertising historical prices to predict the future Lamar Advertising's volatility.| Risk Adjusted Performance | 0.0022 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.02) |
Lamar Advertising Backtested Returns
Lamar Advertising has Sharpe Ratio of -6.0E-4, which conveys that the firm had a -6.0E-4% return per unit of risk over the last 3 months. Lamar Advertising exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lamar Advertising's Standard Deviation of 1.24, risk adjusted performance of 0.0022, and Mean Deviation of 0.7819 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lamar Advertising's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lamar Advertising is expected to be smaller as well. At this point, Lamar Advertising has a negative expected return of -8.0E-4%. Please make sure to verify Lamar Advertising's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Lamar Advertising performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Lamar Advertising has below average predictability. Overlapping area represents the amount of predictability between Lamar Advertising 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 Lamar Advertising price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Lamar Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 4.24 |
Lamar Advertising lagged returns against current returns
Autocorrelation, which is Lamar Advertising 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 Lamar Advertising's stock expected returns. We can calculate the autocorrelation of Lamar Advertising returns to help us make a trade decision. For example, suppose you find that Lamar Advertising 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 |
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Lamar Advertising 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 Lamar Advertising stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lamar Advertising stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lamar Advertising stock over time.
Current vs Lagged Prices |
| Timeline |
Lamar Advertising Lagged Returns
When evaluating Lamar Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lamar Advertising stock have on its future price. Lamar Advertising 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, Lamar Advertising autocorrelation shows the relationship between Lamar Advertising stock current value and its past values and can show if there is a momentum factor associated with investing in Lamar Advertising.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Lamar Stock
When determining whether Lamar Advertising is a strong investment it is important to analyze Lamar Advertising's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Lamar Advertising's future performance. For an informed investment choice regarding Lamar Stock, refer to the following important reports:Check out Lamar Advertising Correlation, Lamar Advertising Volatility and Lamar Advertising Alpha and Beta module to complement your research on Lamar Advertising. For more detail on how to invest in Lamar Stock please use our How to Invest in Lamar Advertising guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Lamar Advertising 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.