LG Electronics (Germany) Market Value
| LGLG Stock | EUR 14.00 0.50 3.45% |
| Symbol | LGLG |
LG Electronics '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 LG Electronics' 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 LG Electronics.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in LG Electronics on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding LG Electronics or generate 0.0% return on investment in LG Electronics over 30 days. LG Electronics is related to or competes with Apple, Samsung Electronics, and Panasonic Corp. LG Electronics Inc., together with its subsidiaries, manufactures and sells consumer electronics, mobile communications,... More
LG Electronics 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 LG Electronics' 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 LG Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.36 |
LG Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LG Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LG Electronics' standard deviation. In reality, there are many statistical measures that can use LG Electronics historical prices to predict the future LG Electronics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.43) |
LG Electronics Backtested Returns
LG Electronics retains Efficiency (Sharpe Ratio) of -0.065, which conveys that the firm had a -0.065% return per unit of price deviation over the last 3 months. LG Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LG Electronics' Market Risk Adjusted Performance of (0.42), information ratio of (0.14), and Mean Deviation of 1.51 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LG Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding LG Electronics is expected to be smaller as well. At this point, LG Electronics has a negative expected return of -0.14%. Please make sure to verify LG Electronics' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if LG Electronics performance from the past will be repeated sooner or later.
Auto-correlation | 0.28 |
Poor predictability
LG Electronics has poor predictability. Overlapping area represents the amount of predictability between LG Electronics time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 LG Electronics price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current LG Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
LG Electronics lagged returns against current returns
Autocorrelation, which is LG Electronics 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 LG Electronics' stock expected returns. We can calculate the autocorrelation of LG Electronics returns to help us make a trade decision. For example, suppose you find that LG Electronics 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 |
LG Electronics 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 LG Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LG Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LG Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
LG Electronics Lagged Returns
When evaluating LG Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LG Electronics stock have on its future price. LG Electronics 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, LG Electronics autocorrelation shows the relationship between LG Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in LG Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in LGLG Stock
LG Electronics financial ratios help investors to determine whether LGLG 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 LGLG with respect to the benefits of owning LG Electronics security.