Legrand Sa Adr Stock Market Value
| LGRDY Stock | USD 19.85 0.02 0.10% |
| Symbol | Legrand |
Legrand SA '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 Legrand SA's pink sheet 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 Legrand SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Legrand SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Legrand SA ADR or generate 0.0% return on investment in Legrand SA over 30 days. Legrand SA is related to or competes with AFC Energy, Sunrise New, Energizer Holdings, and Alfen NV. Legrand SA, together with its subsidiaries, provides electrical and digital building infrastructures worldwide More
Legrand SA 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 Legrand SA's pink sheet 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 Legrand SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.75 |
Legrand SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Legrand SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legrand SA's standard deviation. In reality, there are many statistical measures that can use Legrand SA historical prices to predict the future Legrand SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Legrand SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Legrand SA ADR Backtested Returns
Legrand SA ADR has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Legrand SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Legrand SA's Risk Adjusted Performance of (0.07), mean deviation of 1.11, and Standard Deviation of 1.48 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Legrand SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Legrand SA is expected to be smaller as well. At this point, Legrand SA ADR has a negative expected return of -0.16%. Please make sure to verify Legrand SA's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Legrand SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Legrand SA ADR has good predictability. Overlapping area represents the amount of predictability between Legrand SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Legrand SA ADR price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Legrand SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Legrand SA ADR lagged returns against current returns
Autocorrelation, which is Legrand SA pink sheet'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 Legrand SA's pink sheet expected returns. We can calculate the autocorrelation of Legrand SA returns to help us make a trade decision. For example, suppose you find that Legrand SA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Legrand SA 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 Legrand SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legrand SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legrand SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Legrand SA Lagged Returns
When evaluating Legrand SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legrand SA pink sheet have on its future price. Legrand SA 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, Legrand SA autocorrelation shows the relationship between Legrand SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Legrand SA ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Legrand Pink Sheet Analysis
When running Legrand SA's price analysis, check to measure Legrand SA'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 Legrand SA is operating at the current time. Most of Legrand SA's value examination focuses on studying past and present price action to predict the probability of Legrand SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legrand SA's price. Additionally, you may evaluate how the addition of Legrand SA to your portfolios can decrease your overall portfolio volatility.