Light SA (Brazil) Market Value
| LIGT3 Stock | BRL 4.25 0.05 1.19% |
| Symbol | Light |
Light 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 Light SA'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 Light SA.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in Light SA on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding Light SA or generate 0.0% return on investment in Light SA over 90 days. Light SA is related to or competes with Transmissora Aliana, BB Seguridade, Hypera SA, Energisa, BTG Pactual, Plano Plano, and Companhia Habitasul. Light S.A., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power ... More
Light 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 Light SA'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 Light SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 31.71 | |||
| Value At Risk | (5.14) | |||
| Potential Upside | 3.23 |
Light SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Light SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Light SA's standard deviation. In reality, there are many statistical measures that can use Light SA historical prices to predict the future Light SA's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | (2.24) |
Light SA Backtested Returns
Light SA has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Light SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Light SA's Risk Adjusted Performance of (0.13), mean deviation of 2.3, and Standard Deviation of 4.39 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Light SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Light SA is expected to be smaller as well. At this point, Light SA has a negative expected return of -0.94%. Please make sure to verify Light SA's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Light SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Light SA has good predictability. Overlapping area represents the amount of predictability between Light SA time series from 15th of September 2024 to 30th of October 2024 and 30th of October 2024 to 14th 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 Light SA price movement. The serial correlation of 0.78 indicates that around 78.0% of current Light SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Light SA lagged returns against current returns
Autocorrelation, which is Light SA 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 Light SA's stock expected returns. We can calculate the autocorrelation of Light SA returns to help us make a trade decision. For example, suppose you find that Light SA 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 |
Light 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 Light SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Light SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Light SA stock over time.
Current vs Lagged Prices |
| Timeline |
Light SA Lagged Returns
When evaluating Light SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Light SA stock have on its future price. Light 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, Light SA autocorrelation shows the relationship between Light SA stock current value and its past values and can show if there is a momentum factor associated with investing in Light SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Light Stock Analysis
When running Light SA's price analysis, check to measure Light 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 Light SA is operating at the current time. Most of Light SA's value examination focuses on studying past and present price action to predict the probability of Light 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 Light SA's price. Additionally, you may evaluate how the addition of Light SA to your portfolios can decrease your overall portfolio volatility.