Las Condes (Chile) Market Value
| LASCONDES | 10,980 1,057 10.65% |
| Symbol | Las |
Las Condes '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 Las Condes' 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 Las Condes.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Las Condes on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Las Condes or generate 0.0% return on investment in Las Condes over 60 days. Las Condes is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sociedad Matriz, and Empresa Nacional. More
Las Condes 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 Las Condes' 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 Las Condes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.34 |
Las Condes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Las Condes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Las Condes' standard deviation. In reality, there are many statistical measures that can use Las Condes historical prices to predict the future Las Condes' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.30) |
Las Condes Backtested Returns
Las Condes has Sharpe Ratio of -0.0705, which conveys that the firm had a -0.0705% return per unit of risk over the last 3 months. Las Condes exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Las Condes' Mean Deviation of 1.3, standard deviation of 2.28, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Las Condes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Las Condes is expected to be smaller as well. At this point, Las Condes has a negative expected return of -0.18%. Please make sure to verify Las Condes' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Las Condes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Las Condes has virtually no predictability. Overlapping area represents the amount of predictability between Las Condes time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 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 Las Condes price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Las Condes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 416 K |
Las Condes lagged returns against current returns
Autocorrelation, which is Las Condes 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 Las Condes' stock expected returns. We can calculate the autocorrelation of Las Condes returns to help us make a trade decision. For example, suppose you find that Las Condes 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 |
Las Condes 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 Las Condes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Las Condes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Las Condes stock over time.
Current vs Lagged Prices |
| Timeline |
Las Condes Lagged Returns
When evaluating Las Condes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Las Condes stock have on its future price. Las Condes 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, Las Condes autocorrelation shows the relationship between Las Condes stock current value and its past values and can show if there is a momentum factor associated with investing in Las Condes.
Regressed Prices |
| Timeline |
Pair Trading with Las Condes
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Las Condes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Las Condes will appreciate offsetting losses from the drop in the long position's value.Moving against Las Stock
| 0.68 | AFPCAPITAL | AFP Capital SA | PairCorr |
| 0.56 | ENLASA | Energia Latina SA | PairCorr |
| 0.47 | AAISA | Administradora Americana | PairCorr |
The ability to find closely correlated positions to Las Condes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Las Condes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Las Condes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Las Condes to buy it.
The correlation of Las Condes is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Las Condes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Las Condes moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Las Condes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Las Stock
Las Condes financial ratios help investors to determine whether Las 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 Las with respect to the benefits of owning Las Condes security.