Latitude Financial (Australia) Market Value
| LFS Stock | 1.15 0.01 0.86% |
| Symbol | Latitude |
Latitude Financial '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 Latitude Financial'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 Latitude Financial.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Latitude Financial on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Latitude Financial Services or generate 0.0% return on investment in Latitude Financial over 720 days. Latitude Financial is related to or competes with Coronado Global. Latitude Financial is entity of Australia More
Latitude Financial 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 Latitude Financial'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 Latitude Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.8696 |
Latitude Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Latitude Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Latitude Financial's standard deviation. In reality, there are many statistical measures that can use Latitude Financial historical prices to predict the future Latitude Financial's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.0668 |
Latitude Financial Backtested Returns
Currently, Latitude Financial Services is moderately volatile. Latitude Financial has Sharpe Ratio of 0.0035, which conveys that the firm had a 0.0035% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Latitude Financial, which you can use to evaluate the volatility of the firm. Please verify Latitude Financial's Risk Adjusted Performance of (0.01), standard deviation of 0.7237, and Mean Deviation of 0.465 to check out if the risk estimate we provide is consistent with the expected return of 0.0026%. The company secures a Beta (Market Risk) of -0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Latitude Financial are expected to decrease at a much lower rate. During the bear market, Latitude Financial is likely to outperform the market. Latitude Financial right now secures a risk of 0.72%. Please verify Latitude Financial Services skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Latitude Financial Services will be following its current price movements.
Auto-correlation | 0.52 |
Modest predictability
Latitude Financial Services has modest predictability. Overlapping area represents the amount of predictability between Latitude Financial time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Latitude Financial price movement. The serial correlation of 0.52 indicates that about 52.0% of current Latitude Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Latitude Financial lagged returns against current returns
Autocorrelation, which is Latitude Financial 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 Latitude Financial's stock expected returns. We can calculate the autocorrelation of Latitude Financial returns to help us make a trade decision. For example, suppose you find that Latitude Financial 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 |
Latitude Financial 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 Latitude Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Latitude Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Latitude Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Latitude Financial Lagged Returns
When evaluating Latitude Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Latitude Financial stock have on its future price. Latitude Financial 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, Latitude Financial autocorrelation shows the relationship between Latitude Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Latitude Financial Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Latitude Stock Analysis
When running Latitude Financial's price analysis, check to measure Latitude Financial'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 Latitude Financial is operating at the current time. Most of Latitude Financial's value examination focuses on studying past and present price action to predict the probability of Latitude Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Latitude Financial's price. Additionally, you may evaluate how the addition of Latitude Financial to your portfolios can decrease your overall portfolio volatility.