Longvie SA (Argentina) Market Value
| LONG Stock | ARS 55.20 6.00 12.20% |
| Symbol | Longvie |
Longvie 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 Longvie 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 Longvie SA.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Longvie SA on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Longvie SA or generate 0.0% return on investment in Longvie SA over 30 days. Longvie SA is related to or competes with Compania, Transportadora, Agrometal SAI, and Harmony Gold. Longvie S.A. produces and sells household appliances in Argentina More
Longvie 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 Longvie 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 Longvie SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.049 | |||
| Maximum Drawdown | 37.59 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 11.62 |
Longvie SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longvie SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longvie SA's standard deviation. In reality, there are many statistical measures that can use Longvie SA historical prices to predict the future Longvie SA's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.3144 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0769 | |||
| Treynor Ratio | 1.22 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Longvie 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.
Longvie SA Backtested Returns
Longvie SA has Sharpe Ratio of -0.0618, which conveys that the firm had a -0.0618% return per unit of risk over the last 3 months. Longvie SA exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Longvie SA's Mean Deviation of 3.43, risk adjusted performance of 0.0465, and Downside Deviation of 3.66 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Longvie SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Longvie SA is expected to be smaller as well. Longvie SA has an expected return of -0.23%. Please make sure to verify Longvie SA jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Longvie SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Longvie SA has poor reverse predictability. Overlapping area represents the amount of predictability between Longvie SA time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Longvie SA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Longvie SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Longvie SA lagged returns against current returns
Autocorrelation, which is Longvie 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 Longvie SA's stock expected returns. We can calculate the autocorrelation of Longvie SA returns to help us make a trade decision. For example, suppose you find that Longvie 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 |
Longvie 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 Longvie SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longvie SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longvie SA stock over time.
Current vs Lagged Prices |
| Timeline |
Longvie SA Lagged Returns
When evaluating Longvie SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longvie SA stock have on its future price. Longvie 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, Longvie SA autocorrelation shows the relationship between Longvie SA stock current value and its past values and can show if there is a momentum factor associated with investing in Longvie SA.
Regressed Prices |
| Timeline |
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Complementary Tools for Longvie Stock analysis
When running Longvie SA's price analysis, check to measure Longvie 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 Longvie SA is operating at the current time. Most of Longvie SA's value examination focuses on studying past and present price action to predict the probability of Longvie 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 Longvie SA's price. Additionally, you may evaluate how the addition of Longvie SA to your portfolios can decrease your overall portfolio volatility.
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