Leet Technology Stock Market Value
| LTES Stock | USD 0.04 0.01 13.78% |
| Symbol | Leet |
Leet Technology '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 Leet Technology'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 Leet Technology.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Leet Technology on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Leet Technology or generate 0.0% return on investment in Leet Technology over 360 days. Leet Technology is related to or competes with Jackson Financial, MetLife, McDonalds, Alcoa Corp, 3M, Caterpillar, and Boeing. Leet Technology Inc., through its subsidiaries, operates an eSports platform in Malaysia More
Leet Technology 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 Leet Technology'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 Leet Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 13.78 |
Leet Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leet Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leet Technology's standard deviation. In reality, there are many statistical measures that can use Leet Technology historical prices to predict the future Leet Technology's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 2.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leet Technology'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.
Leet Technology Backtested Returns
Leet Technology has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Leet Technology exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Leet Technology's Standard Deviation of 2.08, mean deviation of 0.6987, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Leet Technology are expected to decrease at a much lower rate. During the bear market, Leet Technology is likely to outperform the market. At this point, Leet Technology has a negative expected return of -0.37%. Please make sure to verify Leet Technology's mean deviation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to decide if Leet Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.94 |
Near perfect reversele predictability
Leet Technology has near perfect reversele predictability. Overlapping area represents the amount of predictability between Leet Technology time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Leet Technology price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current Leet Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.94 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Leet Technology lagged returns against current returns
Autocorrelation, which is Leet Technology 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 Leet Technology's pink sheet expected returns. We can calculate the autocorrelation of Leet Technology returns to help us make a trade decision. For example, suppose you find that Leet Technology 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 |
Leet Technology 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 Leet Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leet Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leet Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Leet Technology Lagged Returns
When evaluating Leet Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leet Technology pink sheet have on its future price. Leet Technology 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, Leet Technology autocorrelation shows the relationship between Leet Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Leet Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Leet Pink Sheet Analysis
When running Leet Technology's price analysis, check to measure Leet Technology'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 Leet Technology is operating at the current time. Most of Leet Technology's value examination focuses on studying past and present price action to predict the probability of Leet Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leet Technology's price. Additionally, you may evaluate how the addition of Leet Technology to your portfolios can decrease your overall portfolio volatility.