Ls Starrett Stock Market Value
| SCX Stock | USD 16.03 0.02 0.12% |
| Symbol | SCX |
LS Starrett Price To Book Ratio
Is LS Starrett'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 LS Starrett. If investors know SCX 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 LS Starrett 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 (0.07) | Earnings Share 2.57 | Revenue Per Share 33.787 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0792 |
The market value of LS Starrett is measured differently than its book value, which is the value of SCX that is recorded on the company's balance sheet. Investors also form their own opinion of LS Starrett's value that differs from its market value or its book value, called intrinsic value, which is LS Starrett'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 LS Starrett's market value can be influenced by many factors that don't directly affect LS Starrett'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 LS Starrett's value and its price as these two are different measures arrived at by different means. Investors typically determine if LS Starrett is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LS Starrett'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.
LS Starrett '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 LS Starrett'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 LS Starrett.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in LS Starrett on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding LS Starrett or generate 0.0% return on investment in LS Starrett over 360 days. LS Starrett is related to or competes with Lincoln Electric, Timken, RBC Bearings, Kennametal, Toro, Techtronic Industries, and RBC Bearings. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measurin... More
LS Starrett 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 LS Starrett'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 LS Starrett upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.99 | |||
| Information Ratio | 0.0716 | |||
| Maximum Drawdown | 59.19 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.66 |
LS Starrett Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LS Starrett's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LS Starrett's standard deviation. In reality, there are many statistical measures that can use LS Starrett historical prices to predict the future LS Starrett's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | 0.634 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.1398 | |||
| Treynor Ratio | 5.65 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LS Starrett'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.
LS Starrett Backtested Returns
LS Starrett appears to be slightly risky, given 3 months investment horizon. LS Starrett retains Efficiency (Sharpe Ratio) of 0.0651, which conveys that the firm had a 0.0651% return per unit of price deviation over the last 3 months. By analyzing LS Starrett's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please exercise LS Starrett's Mean Deviation of 2.37, standard deviation of 7.79, and Market Risk Adjusted Performance of 5.66 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LS Starrett holds a performance score of 5. The company owns a Beta (Systematic Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, LS Starrett's returns are expected to increase less than the market. However, during the bear market, the loss of holding LS Starrett is expected to be smaller as well. Please check LS Starrett's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether LS Starrett's current price history will revert.
Auto-correlation | 0.19 |
Very weak predictability
LS Starrett has very weak predictability. Overlapping area represents the amount of predictability between LS Starrett time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 LS Starrett price movement. The serial correlation of 0.19 indicates that over 19.0% of current LS Starrett price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 5.86 |
LS Starrett lagged returns against current returns
Autocorrelation, which is LS Starrett 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 LS Starrett's stock expected returns. We can calculate the autocorrelation of LS Starrett returns to help us make a trade decision. For example, suppose you find that LS Starrett 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 |
LS Starrett 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 LS Starrett stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LS Starrett stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LS Starrett stock over time.
Current vs Lagged Prices |
| Timeline |
LS Starrett Lagged Returns
When evaluating LS Starrett's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LS Starrett stock have on its future price. LS Starrett 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, LS Starrett autocorrelation shows the relationship between LS Starrett stock current value and its past values and can show if there is a momentum factor associated with investing in LS Starrett.
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 LS Starrett 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, LS Starrett's short interest history, or implied volatility extrapolated from LS Starrett options trading.
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When determining whether LS Starrett offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LS Starrett's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ls Starrett Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ls Starrett Stock:Check out LS Starrett Correlation, LS Starrett Volatility and LS Starrett Alpha and Beta module to complement your research on LS Starrett. For more information on how to buy SCX Stock please use our How to Invest in LS Starrett guide.Note that the LS Starrett information on this page should be used as a complementary analysis to other LS Starrett'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.
Complementary Tools for SCX Stock analysis
When running LS Starrett's price analysis, check to measure LS Starrett'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 LS Starrett is operating at the current time. Most of LS Starrett's value examination focuses on studying past and present price action to predict the probability of LS Starrett's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LS Starrett's price. Additionally, you may evaluate how the addition of LS Starrett to your portfolios can decrease your overall portfolio volatility.
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LS Starrett 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.