Life Banc Split Stock Market Value
| LBS Stock | CAD 9.64 0.06 0.62% |
| Symbol | Life |
Life Banc Split Price To Book Ratio
Life Banc '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 Life Banc'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 Life Banc.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Life Banc on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Life Banc Split or generate 0.0% return on investment in Life Banc over 540 days. Life Banc is related to or competes with Global Dividend, Dividend Growth, Brompton Split, Financial, and E Split. Life Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited More
Life Banc 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 Life Banc'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 Life Banc Split upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.2915 | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.88 |
Life Banc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Life Banc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Life Banc's standard deviation. In reality, there are many statistical measures that can use Life Banc historical prices to predict the future Life Banc's volatility.| Risk Adjusted Performance | 0.3353 | |||
| Jensen Alpha | 0.338 | |||
| Total Risk Alpha | 0.2375 | |||
| Sortino Ratio | 0.2348 | |||
| Treynor Ratio | 1.41 |
Life Banc Split Backtested Returns
Life Banc appears to be very steady, given 3 months investment horizon. Life Banc Split has Sharpe Ratio of 0.44, which conveys that the firm had a 0.44% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Life Banc, which you can use to evaluate the volatility of the firm. Please exercise Life Banc's Risk Adjusted Performance of 0.3353, mean deviation of 0.639, and Downside Deviation of 1.08 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Life Banc holds a performance score of 34. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Life Banc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Life Banc is expected to be smaller as well. Please check Life Banc's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Life Banc's current price movements will revert.
Auto-correlation | 0.22 |
Weak predictability
Life Banc Split has weak predictability. Overlapping area represents the amount of predictability between Life Banc time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Life Banc Split price movement. The serial correlation of 0.22 indicates that over 22.0% of current Life Banc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Life Banc Split lagged returns against current returns
Autocorrelation, which is Life Banc 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 Life Banc's stock expected returns. We can calculate the autocorrelation of Life Banc returns to help us make a trade decision. For example, suppose you find that Life Banc 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 |
Life Banc 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 Life Banc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Life Banc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Life Banc stock over time.
Current vs Lagged Prices |
| Timeline |
Life Banc Lagged Returns
When evaluating Life Banc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Life Banc stock have on its future price. Life Banc 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, Life Banc autocorrelation shows the relationship between Life Banc stock current value and its past values and can show if there is a momentum factor associated with investing in Life Banc Split.
Regressed Prices |
| Timeline |
Pair Trading with Life Banc
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 Life Banc 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 Life Banc will appreciate offsetting losses from the drop in the long position's value.Moving against Life Stock
| 0.86 | AEMC | Alaska Energy Metals | PairCorr |
| 0.79 | EOG | Eco Atlantic Oil | PairCorr |
| 0.61 | CMC | Cielo Waste Solutions | PairCorr |
The ability to find closely correlated positions to Life Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Banc 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 Life Banc - 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 Life Banc Split to buy it.
The correlation of Life Banc 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 Life Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Banc Split 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 Life Banc 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 Life Stock
Life Banc financial ratios help investors to determine whether Life 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 Life with respect to the benefits of owning Life Banc security.