Lery Seafood (Norway) Market Value
| LSG Stock | NOK 48.30 0.56 1.15% |
| Symbol | Lery |
Lery Seafood '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 Lery Seafood'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 Lery Seafood.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Lery Seafood on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Lery Seafood Group or generate 0.0% return on investment in Lery Seafood over 30 days. Lery Seafood is related to or competes with SalMar ASA, Grieg Seafood, Austevoll Seafood, and Mowi ASA. Lery Seafood Group ASA produces, processes, markets, and distributes seafood products worldwide More
Lery Seafood 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 Lery Seafood'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 Lery Seafood Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0998 | |||
| Maximum Drawdown | 15.64 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.61 |
Lery Seafood Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lery Seafood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lery Seafood's standard deviation. In reality, there are many statistical measures that can use Lery Seafood historical prices to predict the future Lery Seafood's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.2346 | |||
| Total Risk Alpha | 0.1038 | |||
| Sortino Ratio | 0.1671 | |||
| Treynor Ratio | 1.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lery Seafood'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.
Lery Seafood Group Backtested Returns
Lery Seafood appears to be very steady, given 3 months investment horizon. Lery Seafood Group has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lery Seafood, which you can use to evaluate the volatility of the firm. Please exercise Lery Seafood's Downside Deviation of 1.18, risk adjusted performance of 0.0888, and Mean Deviation of 1.18 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lery Seafood holds a performance score of 10. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lery Seafood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lery Seafood is expected to be smaller as well. Please check Lery Seafood's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Lery Seafood's current price movements will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Lery Seafood Group has weak reverse predictability. Overlapping area represents the amount of predictability between Lery Seafood 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 Lery Seafood Group price movement. The serial correlation of -0.25 indicates that over 25.0% of current Lery Seafood price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Lery Seafood Group lagged returns against current returns
Autocorrelation, which is Lery Seafood 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 Lery Seafood's stock expected returns. We can calculate the autocorrelation of Lery Seafood returns to help us make a trade decision. For example, suppose you find that Lery Seafood 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 |
Lery Seafood 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 Lery Seafood stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lery Seafood stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lery Seafood stock over time.
Current vs Lagged Prices |
| Timeline |
Lery Seafood Lagged Returns
When evaluating Lery Seafood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lery Seafood stock have on its future price. Lery Seafood 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, Lery Seafood autocorrelation shows the relationship between Lery Seafood stock current value and its past values and can show if there is a momentum factor associated with investing in Lery Seafood Group.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Lery Seafood in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Lery Seafood's short interest history, or implied volatility extrapolated from Lery Seafood options trading.
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Try AI Portfolio ArchitectCheck out Lery Seafood Correlation, Lery Seafood Volatility and Lery Seafood Alpha and Beta module to complement your research on Lery Seafood. Note that the Lery Seafood Group information on this page should be used as a complementary analysis to other Lery Seafood's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Lery Stock analysis
When running Lery Seafood's price analysis, check to measure Lery Seafood'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 Lery Seafood is operating at the current time. Most of Lery Seafood's value examination focuses on studying past and present price action to predict the probability of Lery Seafood's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lery Seafood's price. Additionally, you may evaluate how the addition of Lery Seafood to your portfolios can decrease your overall portfolio volatility.
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Lery Seafood technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.