LyondellBasell Industries (Germany) Market Value
| DLY Stock | EUR 77.62 0.14 0.18% |
| Symbol | LyondellBasell |
LyondellBasell Industries '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 LyondellBasell Industries' 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 LyondellBasell Industries.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in LyondellBasell Industries on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding LyondellBasell Industries NV or generate 0.0% return on investment in LyondellBasell Industries over 30 days. LyondellBasell Industries is related to or competes with Sherwin Williams, Dupont De, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. LyondellBasell Industries N.V. operates as a chemical company worldwide More
LyondellBasell Industries 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 LyondellBasell Industries' 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 LyondellBasell Industries NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.89 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.92 |
LyondellBasell Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LyondellBasell Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LyondellBasell Industries' standard deviation. In reality, there are many statistical measures that can use LyondellBasell Industries historical prices to predict the future LyondellBasell Industries' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.27) |
LyondellBasell Industries Backtested Returns
LyondellBasell Industries has Sharpe Ratio of -0.0718, which conveys that the firm had a -0.0718% return per unit of risk over the last 3 months. LyondellBasell Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LyondellBasell Industries' Risk Adjusted Performance of (0.08), mean deviation of 1.27, and Standard Deviation of 1.64 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LyondellBasell Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding LyondellBasell Industries is expected to be smaller as well. At this point, LyondellBasell Industries has a negative expected return of -0.12%. Please make sure to verify LyondellBasell Industries' skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if LyondellBasell Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
LyondellBasell Industries NV has average predictability. Overlapping area represents the amount of predictability between LyondellBasell Industries time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 LyondellBasell Industries price movement. The serial correlation of 0.44 indicates that just about 44.0% of current LyondellBasell Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.38 |
LyondellBasell Industries lagged returns against current returns
Autocorrelation, which is LyondellBasell Industries 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 LyondellBasell Industries' stock expected returns. We can calculate the autocorrelation of LyondellBasell Industries returns to help us make a trade decision. For example, suppose you find that LyondellBasell Industries 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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LyondellBasell Industries 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 LyondellBasell Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LyondellBasell Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LyondellBasell Industries stock over time.
Current vs Lagged Prices |
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LyondellBasell Industries Lagged Returns
When evaluating LyondellBasell Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LyondellBasell Industries stock have on its future price. LyondellBasell Industries 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, LyondellBasell Industries autocorrelation shows the relationship between LyondellBasell Industries stock current value and its past values and can show if there is a momentum factor associated with investing in LyondellBasell Industries NV.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in LyondellBasell Stock
When determining whether LyondellBasell Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LyondellBasell Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lyondellbasell Industries Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lyondellbasell Industries Nv Stock:Check out LyondellBasell Industries Correlation, LyondellBasell Industries Volatility and LyondellBasell Industries Alpha and Beta module to complement your research on LyondellBasell Industries. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
LyondellBasell Industries 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.