Lasa Supergenerics (India) Market Value
| LASA Stock | 27.18 0.76 2.72% |
| Symbol | Lasa |
Lasa Supergenerics '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 Lasa Supergenerics' 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 Lasa Supergenerics.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Lasa Supergenerics on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Lasa Supergenerics Limited or generate 0.0% return on investment in Lasa Supergenerics over 720 days. Lasa Supergenerics is related to or competes with Dhanuka Agritech, Orient Technologies, Nucleus Software, FCS Software, VA Tech, Compucom Software, and AXISCADES Technologies. Lasa Supergenerics is entity of India. It is traded as Stock on NSE exchange. More
Lasa Supergenerics 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 Lasa Supergenerics' 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 Lasa Supergenerics Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 4.96 |
Lasa Supergenerics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lasa Supergenerics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lasa Supergenerics' standard deviation. In reality, there are many statistical measures that can use Lasa Supergenerics historical prices to predict the future Lasa Supergenerics' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 0.1849 |
Lasa Supergenerics Backtested Returns
Lasa Supergenerics has Sharpe Ratio of -0.0527, which conveys that the firm had a -0.0527% return per unit of risk over the last 3 months. Lasa Supergenerics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lasa Supergenerics' Mean Deviation of 2.2, standard deviation of 2.65, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Lasa Supergenerics are expected to decrease at a much lower rate. During the bear market, Lasa Supergenerics is likely to outperform the market. At this point, Lasa Supergenerics has a negative expected return of -0.14%. Please make sure to verify Lasa Supergenerics' value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Lasa Supergenerics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Lasa Supergenerics Limited has good predictability. Overlapping area represents the amount of predictability between Lasa Supergenerics time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Lasa Supergenerics price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Lasa Supergenerics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 12.43 |
Lasa Supergenerics lagged returns against current returns
Autocorrelation, which is Lasa Supergenerics 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 Lasa Supergenerics' stock expected returns. We can calculate the autocorrelation of Lasa Supergenerics returns to help us make a trade decision. For example, suppose you find that Lasa Supergenerics 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 |
Lasa Supergenerics 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 Lasa Supergenerics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lasa Supergenerics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lasa Supergenerics stock over time.
Current vs Lagged Prices |
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Lasa Supergenerics Lagged Returns
When evaluating Lasa Supergenerics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lasa Supergenerics stock have on its future price. Lasa Supergenerics 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, Lasa Supergenerics autocorrelation shows the relationship between Lasa Supergenerics stock current value and its past values and can show if there is a momentum factor associated with investing in Lasa Supergenerics Limited.
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 Lasa Stock Analysis
When running Lasa Supergenerics' price analysis, check to measure Lasa Supergenerics' 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 Lasa Supergenerics is operating at the current time. Most of Lasa Supergenerics' value examination focuses on studying past and present price action to predict the probability of Lasa Supergenerics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lasa Supergenerics' price. Additionally, you may evaluate how the addition of Lasa Supergenerics to your portfolios can decrease your overall portfolio volatility.