LGI (Australia) Market Value
| LGI Stock | 2.95 0.02 0.68% |
| Symbol | LGI |
LGI '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 LGI'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 LGI.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in LGI on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding LGI or generate 0.0% return on investment in LGI over 30 days. LGI is related to or competes with WA1 Resources, Predictive Discovery, and Zip Co. LGI is entity of Australia. It is traded as Stock on AU exchange. More
LGI 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 LGI'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 LGI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.33 |
LGI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LGI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LGI's standard deviation. In reality, there are many statistical measures that can use LGI historical prices to predict the future LGI's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.1207 | |||
| Total Risk Alpha | 0.0373 | |||
| Sortino Ratio | 0.0352 | |||
| Treynor Ratio | (4.93) |
LGI Backtested Returns
Currently, LGI is moderately volatile. LGI has Sharpe Ratio of 0.0519, which conveys that the firm had a 0.0519% return per unit of risk over the last 3 months. We have found thirty technical indicators for LGI, which you can use to evaluate the volatility of the firm. Please verify LGI's mean deviation of 1.3, and Risk Adjusted Performance of 0.0604 to check out if the risk estimate we provide is consistent with the expected return of 0.0999%. LGI has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0243, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning LGI are expected to decrease at a much lower rate. During the bear market, LGI is likely to outperform the market. LGI now secures a risk of 1.92%. Please verify LGI coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if LGI will be following its current price movements.
Auto-correlation | 0.18 |
Very weak predictability
LGI has very weak predictability. Overlapping area represents the amount of predictability between LGI time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 LGI price movement. The serial correlation of 0.18 indicates that over 18.0% of current LGI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
LGI lagged returns against current returns
Autocorrelation, which is LGI 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 LGI's stock expected returns. We can calculate the autocorrelation of LGI returns to help us make a trade decision. For example, suppose you find that LGI 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 |
LGI 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 LGI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LGI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LGI stock over time.
Current vs Lagged Prices |
| Timeline |
LGI Lagged Returns
When evaluating LGI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LGI stock have on its future price. LGI 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, LGI autocorrelation shows the relationship between LGI stock current value and its past values and can show if there is a momentum factor associated with investing in LGI.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for LGI Stock Analysis
When running LGI's price analysis, check to measure LGI'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 LGI is operating at the current time. Most of LGI's value examination focuses on studying past and present price action to predict the probability of LGI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LGI's price. Additionally, you may evaluate how the addition of LGI to your portfolios can decrease your overall portfolio volatility.