LG Display Backtesting

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LPL -- USA Stock  

Report: 12th of August 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of LG Display Co and determine expected loss or profit from investing in LG Display over given investment horizon. Additionally, see LG Display Hype Analysis, LG Display Correlation, LG Display Valuation, LG Display Volatility as well as analyze LG Display Alpha and Beta and LG Display Performance.

LG Display 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in LG Display on April 10, 2020 and sell it all today you would earn a total of 0.00 from holding LG Display Co or generate 0.0% return on investment in LG Display over 90 days. LG Display is related to or competes with Hamilton Beach, Emerson Radio, Mohawk Group, GoPro, Turtle Beach, and IRobot. LG Display Co., Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light emitting diode...

LG Display Upside/Downside Indicators

Downside Deviation3.34
Information Ratio0.0617
Maximum Drawdown19.28
Value At Risk(5.02)
Potential Upside5.54

LG Display Market Premium Indicators

Risk Adjusted Performance0.2052
Jensen Alpha0.1818
Total Risk Alpha0.0701
Sortino Ratio0.0657
Treynor Ratio0.3058

LG Display Backtested Returns

LG Display appears to be slightly risky, given 3 months investment horizon. LG Display retains Efficiency (Sharpe Ratio) of 0.0827, which conveys that the firm had 0.0827% of return per unit of price deviation over the last 3 months. Our outlook to estimating the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for LG Display, which you can use to evaluate future volatility of the firm. Please exercise LG Display Co market risk adjusted performance of 0.3158, standard deviation of 3.56, and mean deviation of 2.72 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LG Display holds a performance score of 5. The company owns a Beta (Systematic Risk) of 1.2392, which conveys somewhat significant risk relative to the market. Let's try to break down what LG Display's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LG Display will likely underperform. Although it is vital to follow to LG Display existing price patterns, it is good to be conservative about what you can do with the information regarding equity price patterns. The way in which we are estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing LG Display technical indicators, you can at this moment evaluate if the expected return of 0.28% will be sustainable into the future. Please exercises LG Display Co maximum drawdown, and the relationship between the information ratio and expected short fall to make a quick decision on whether LG Display current price history will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.45) 
correlation synergy

Modest reverse predictability

LG Display Co has modest reverse predictability. Overlapping area represents the amount of predictability between LG Display time series from 10th of April 2020 to 25th of May 2020 and 25th of May 2020 to 9th of July 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LG Display price movement. The serial correlation of -0.45 indicates that just about 45.0% of current LG Display price fluctuation can be explain by its past prices. Given that LG Display Co has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of LG Display for similar time interval.
Correlation Coefficient-0.45
Spearman Rank Test-0.34
Residual Average0.0
Price Variance0.11

LG Display lagged returns against current returns

 Current and Lagged Values 

LG Display regressed lagged prices vs. current prices

 Current vs Lagged Prices 

LG Display Lagged Returns

 Regressed Prices 

Current Sentiment - LPL

LG Display Investor Sentiment

Greater number of Macroaxis users are now bullish on LG Display Co. What is your trading attitude regarding investing in LG Display Co? Are you bullish or bearish?
98% Bullish
2% Bearish

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Additionally, see LG Display Hype Analysis, LG Display Correlation, LG Display Valuation, LG Display Volatility as well as analyze LG Display Alpha and Beta and LG Display Performance. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page