London City (Australia) Market Value
| LCE Stock | 0.83 0.00 0.00% |
| Symbol | London |
London City '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 London City'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 London City.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in London City on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding London City Equities or generate 0.0% return on investment in London City over 180 days. London City is related to or competes with Aneka Tambang, BHP Group, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Rio Tinto. London City is entity of Australia. It is traded as Stock on AU exchange. More
London City 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 London City'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 London City Equities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.298 | |||
| Maximum Drawdown | 4.05 | |||
| Potential Upside | 1.39 |
London City Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for London City's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as London City's standard deviation. In reality, there are many statistical measures that can use London City historical prices to predict the future London City's volatility.| Risk Adjusted Performance | 0.273 | |||
| Jensen Alpha | 0.2314 | |||
| Total Risk Alpha | 0.2099 | |||
| Treynor Ratio | (2.39) |
London City Equities Backtested Returns
London City appears to be unstable, given 3 months investment horizon. London City Equities has Sharpe Ratio of 0.35, which conveys that the firm had a 0.35% return per unit of risk over the last 3 months. We have found seventeen technical indicators for London City, which you can use to evaluate the volatility of the firm. Please exercise London City's Mean Deviation of 0.4132, standard deviation of 0.6947, and Risk Adjusted Performance of 0.273 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, London City holds a performance score of 27. The company secures a Beta (Market Risk) of -0.0961, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning London City are expected to decrease at a much lower rate. During the bear market, London City is likely to outperform the market. Please check London City's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether London City's current price movements will revert.
Auto-correlation | 0.83 |
Very good predictability
London City Equities has very good predictability. Overlapping area represents the amount of predictability between London City time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 London City Equities price movement. The serial correlation of 0.83 indicates that around 83.0% of current London City price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
London City Equities lagged returns against current returns
Autocorrelation, which is London City 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 London City's stock expected returns. We can calculate the autocorrelation of London City returns to help us make a trade decision. For example, suppose you find that London City 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 |
London City 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 London City stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if London City stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in London City stock over time.
Current vs Lagged Prices |
| Timeline |
London City Lagged Returns
When evaluating London City's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of London City stock have on its future price. London City 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, London City autocorrelation shows the relationship between London City stock current value and its past values and can show if there is a momentum factor associated with investing in London City Equities.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for London Stock Analysis
When running London City's price analysis, check to measure London City'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 London City is operating at the current time. Most of London City's value examination focuses on studying past and present price action to predict the probability of London City's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move London City's price. Additionally, you may evaluate how the addition of London City to your portfolios can decrease your overall portfolio volatility.