Laboratory Of Stock Market Value
| LH Stock | USD 207.94 0.03 0.01% |
| Symbol | Laboratory |
Laboratory Price To Book Ratio
Is Laboratory's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Laboratory. If investors know Laboratory will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 2.88 | Earnings Share 4.33 | Revenue Per Share 139.628 | Quarterly Revenue Growth 0.035 |
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Laboratory's market value can be influenced by many factors that don't directly affect Laboratory's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Laboratory '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 Laboratory'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 Laboratory.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Laboratory on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Laboratory of or generate 0.0% return on investment in Laboratory over 30 days. Laboratory is related to or competes with Aclaris Therapeutics, Prenetics Global, DarioHealth Corp, Olink Holding, Neuronetics, and Fonar. Laboratory Corporation of America Holdings operates as a global life sciences company that provides vital information to... More
Laboratory 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 Laboratory'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 Laboratory of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.48 |
Laboratory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Laboratory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Laboratory's standard deviation. In reality, there are many statistical measures that can use Laboratory historical prices to predict the future Laboratory's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Laboratory'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.
Laboratory Backtested Returns
Laboratory has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Laboratory exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Laboratory's Standard Deviation of 1.12, risk adjusted performance of (0.06), and Mean Deviation of 0.8681 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.01, which conveys a somewhat significant risk relative to the market. Laboratory returns are very sensitive to returns on the market. As the market goes up or down, Laboratory is expected to follow. Laboratory has an expected return of -0.13%. Please make sure to verify Laboratory of maximum drawdown, and the relationship between the information ratio and accumulation distribution , to decide if Laboratory performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Laboratory of has below average predictability. Overlapping area represents the amount of predictability between Laboratory time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Laboratory price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Laboratory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 10.9 |
Laboratory lagged returns against current returns
Autocorrelation, which is Laboratory 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 Laboratory's stock expected returns. We can calculate the autocorrelation of Laboratory returns to help us make a trade decision. For example, suppose you find that Laboratory 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 |
Laboratory 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 Laboratory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Laboratory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Laboratory stock over time.
Current vs Lagged Prices |
| Timeline |
Laboratory Lagged Returns
When evaluating Laboratory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Laboratory stock have on its future price. Laboratory 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, Laboratory autocorrelation shows the relationship between Laboratory stock current value and its past values and can show if there is a momentum factor associated with investing in Laboratory of.
Regressed Prices |
| Timeline |
Laboratory Investors Sentiment
The influence of Laboratory's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Laboratory. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Laboratory's public news can be used to forecast risks associated with an investment in Laboratory. The trend in average sentiment can be used to explain how an investor holding Laboratory can time the market purely based on public headlines and social activities around Laboratory of. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Laboratory's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Laboratory's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Laboratory's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Laboratory.
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 Laboratory 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, Laboratory's short interest history, or implied volatility extrapolated from Laboratory options trading.
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Try AI Portfolio ArchitectCheck out Laboratory Correlation, Laboratory Volatility and Laboratory Alpha and Beta module to complement your research on Laboratory. Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory'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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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When running Laboratory's price analysis, check to measure Laboratory'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 Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
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Laboratory 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.