Lumentum Holdings Stock Overlap Studies Bollinger Bands
| LITE Stock | USD 42.44 0.46 1.10% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Lumentum Holdings middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Lumentum Holdings. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Lumentum Holdings Technical Analysis Modules
Most technical analysis of Lumentum Holdings help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Lumentum from various momentum indicators to cycle indicators. When you analyze Lumentum charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Lumentum Holdings Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lumentum Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Lumentum Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Lumentum Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Lumentum Holdings's daily price indicators and compare them against related drivers, such as overlap studies and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Lumentum Holdings's intrinsic value. In addition to deriving basic predictive indicators for Lumentum Holdings, we also check how macroeconomic factors affect Lumentum Holdings price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2017 | 2023 | 2024 (projected) | Dividend Yield | 3.2E-5 | 2.23E-4 | 2.11E-4 | Price To Sales Ratio | 2.19 | 2.89 | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lumentum Holdings' 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.
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Lumentum Holdings pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lumentum Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lumentum Holdings will appreciate offsetting losses from the drop in the long position's value.Lumentum Holdings Pair Trading
Lumentum Holdings Pair Trading Analysis
The ability to find closely correlated positions to Lumentum Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lumentum Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lumentum Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lumentum Holdings to buy it.
The correlation of Lumentum Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lumentum Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lumentum Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lumentum Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumentum Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Lumentum Stock analysis
When running Lumentum Holdings' price analysis, check to measure Lumentum Holdings' 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 Lumentum Holdings is operating at the current time. Most of Lumentum Holdings' value examination focuses on studying past and present price action to predict the probability of Lumentum Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumentum Holdings' price. Additionally, you may evaluate how the addition of Lumentum Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Lumentum Holdings' 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 Lumentum Holdings. If investors know Lumentum 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 Lumentum Holdings 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 0.711 | Earnings Share (3.95) | Revenue Per Share 21.25 | Quarterly Revenue Growth (0.28) | Return On Assets (0.03) |
The market value of Lumentum Holdings is measured differently than its book value, which is the value of Lumentum that is recorded on the company's balance sheet. Investors also form their own opinion of Lumentum Holdings' value that differs from its market value or its book value, called intrinsic value, which is Lumentum Holdings' 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 Lumentum Holdings' market value can be influenced by many factors that don't directly affect Lumentum Holdings' 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 Lumentum Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lumentum Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lumentum Holdings' 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.