Sixt Leasing (Germany) Market Value
| LNSX Stock | 9.25 0.35 3.65% |
| Symbol | Sixt |
Sixt Leasing '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 Sixt Leasing'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 Sixt Leasing.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sixt Leasing on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sixt Leasing SE or generate 0.0% return on investment in Sixt Leasing over 30 days. Sixt Leasing is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Sixt Leasing 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 Sixt Leasing'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 Sixt Leasing SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.47 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.02 |
Sixt Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixt Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sixt Leasing's standard deviation. In reality, there are many statistical measures that can use Sixt Leasing historical prices to predict the future Sixt Leasing's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.6352 |
Sixt Leasing SE Backtested Returns
Sixt Leasing SE owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0739, which indicates the firm had a -0.0739% return per unit of risk over the last 3 months. Sixt Leasing SE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sixt Leasing's Risk Adjusted Performance of (0.06), coefficient of variation of (1,112), and Variance of 2.75 to confirm the risk estimate we provide. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sixt Leasing are expected to decrease at a much lower rate. During the bear market, Sixt Leasing is likely to outperform the market. At this point, Sixt Leasing SE has a negative expected return of -0.12%. Please make sure to validate Sixt Leasing's kurtosis, day median price, period momentum indicator, as well as the relationship between the daily balance of power and market facilitation index , to decide if Sixt Leasing SE performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Sixt Leasing SE has weak reverse predictability. Overlapping area represents the amount of predictability between Sixt Leasing time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sixt Leasing SE price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Sixt Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Sixt Leasing SE lagged returns against current returns
Autocorrelation, which is Sixt Leasing 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 Sixt Leasing's stock expected returns. We can calculate the autocorrelation of Sixt Leasing returns to help us make a trade decision. For example, suppose you find that Sixt Leasing 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 |
Sixt Leasing 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 Sixt Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sixt Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sixt Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Sixt Leasing Lagged Returns
When evaluating Sixt Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sixt Leasing stock have on its future price. Sixt Leasing 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, Sixt Leasing autocorrelation shows the relationship between Sixt Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Sixt Leasing SE.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sixt Stock Analysis
When running Sixt Leasing's price analysis, check to measure Sixt Leasing'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 Sixt Leasing is operating at the current time. Most of Sixt Leasing's value examination focuses on studying past and present price action to predict the probability of Sixt Leasing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sixt Leasing's price. Additionally, you may evaluate how the addition of Sixt Leasing to your portfolios can decrease your overall portfolio volatility.