Leonardo Spa Adr Stock Market Value
| FINMY Stock | USD 13.45 0.30 2.28% |
| Symbol | Leonardo |
Leonardo SpA '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 Leonardo SpA's pink sheet 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 Leonardo SpA.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Leonardo SpA on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Leonardo SpA ADR or generate 0.0% return on investment in Leonardo SpA over 180 days. Leonardo SpA is related to or competes with Leonardo Spa, Thales SA, Safran SA, Rheinmetall, and MTU Aero. Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security s... More
Leonardo SpA 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 Leonardo SpA's pink sheet 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 Leonardo SpA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.32 |
Leonardo SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leonardo SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leonardo SpA's standard deviation. In reality, there are many statistical measures that can use Leonardo SpA historical prices to predict the future Leonardo SpA's volatility.| Risk Adjusted Performance | 0.0497 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0914 |
Leonardo SpA ADR Backtested Returns
Leonardo SpA appears to be not too volatile, given 3 months investment horizon. Leonardo SpA ADR has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Leonardo SpA, which you can use to evaluate the volatility of the firm. Please exercise Leonardo SpA's Mean Deviation of 1.59, downside deviation of 2.2, and Risk Adjusted Performance of 0.0497 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Leonardo SpA holds a performance score of 11. The company secures a Beta (Market Risk) of 1.23, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Leonardo SpA will likely underperform. Please check Leonardo SpA's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Leonardo SpA's current price movements will revert.
Auto-correlation | 0.16 |
Very weak predictability
Leonardo SpA ADR has very weak predictability. Overlapping area represents the amount of predictability between Leonardo SpA time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Leonardo SpA ADR price movement. The serial correlation of 0.16 indicates that over 16.0% of current Leonardo SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Leonardo SpA ADR lagged returns against current returns
Autocorrelation, which is Leonardo SpA pink sheet'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 Leonardo SpA's pink sheet expected returns. We can calculate the autocorrelation of Leonardo SpA returns to help us make a trade decision. For example, suppose you find that Leonardo SpA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Leonardo SpA 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 Leonardo SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leonardo SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leonardo SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Leonardo SpA Lagged Returns
When evaluating Leonardo SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leonardo SpA pink sheet have on its future price. Leonardo SpA 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, Leonardo SpA autocorrelation shows the relationship between Leonardo SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Leonardo SpA ADR.
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.Additional Tools for Leonardo Pink Sheet Analysis
When running Leonardo SpA's price analysis, check to measure Leonardo SpA'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 Leonardo SpA is operating at the current time. Most of Leonardo SpA's value examination focuses on studying past and present price action to predict the probability of Leonardo SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leonardo SpA's price. Additionally, you may evaluate how the addition of Leonardo SpA to your portfolios can decrease your overall portfolio volatility.