Leggett Platt Stock Forecast - Accumulation Distribution
| LEG Stock | USD 18.26 0.58 3.28% |
Leggett Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Leggett Platt stock prices and determine the direction of Leggett Platt Incorporated's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Leggett Platt's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Leggett Platt's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Leggett Platt's systematic risk associated with finding meaningful patterns of Leggett Platt fundamentals over time.
Check out Historical Fundamental Analysis of Leggett Platt to cross-verify your projections. Leggett |
Open Interest Against 2024-04-19 Leggett Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Leggett Platt's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Leggett Platt's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Leggett Platt stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Leggett Platt's open interest, investors have to compare it to Leggett Platt's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Leggett Platt is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Leggett. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Leggett Platt cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Leggett Platt's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Leggett Platt's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Leggett Platt is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Leggett Platt Incorporated to determine if accumulation or reduction is taking place in the market. This value is adjusted by Leggett Platt trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 22203.22 | 44551.99 |
| Check Leggett Platt Volatility | Backtest Leggett Platt | Information Ratio |
Leggett Platt Trading Date Momentum
| On April 19 2024 Leggett Platt Incorporated was traded for 18.26 at the closing time. Highest Leggett Platt's price during the trading hours was 18.28 and the lowest price during the day was 17.65 . The net volume was 1.3 M. The overall trading history on the 19th of April did not cause price change. The trading delta at closing time to current price is 3.18% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Leggett Platt to competition |
Other Forecasting Options for Leggett Platt
For every potential investor in Leggett, whether a beginner or expert, Leggett Platt's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Leggett Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Leggett. Basic forecasting techniques help filter out the noise by identifying Leggett Platt's price trends.Leggett Platt Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Leggett Platt stock to make a market-neutral strategy. Peer analysis of Leggett Platt could also be used in its relative valuation, which is a method of valuing Leggett Platt by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Leggett Platt rporated Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Leggett Platt's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Leggett Platt's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Leggett Platt Market Strength Events
Market strength indicators help investors to evaluate how Leggett Platt stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Leggett Platt shares will generate the highest return on investment. By undertsting and applying Leggett Platt stock market strength indicators, traders can identify Leggett Platt Incorporated entry and exit signals to maximize returns.
| Accumulation Distribution | 44551.99 | |||
| Daily Balance Of Power | 0.9206 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 17.97 | |||
| Day Typical Price | 18.06 | |||
| Price Action Indicator | 0.59 | |||
| Period Momentum Indicator | 0.58 |
Leggett Platt Risk Indicators
The analysis of Leggett Platt's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Leggett Platt's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting leggett stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.49 | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.34 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Leggett Platt Investors Sentiment
The influence of Leggett Platt'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 Leggett. 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 Leggett Platt's public news can be used to forecast risks associated with an investment in Leggett. The trend in average sentiment can be used to explain how an investor holding Leggett can time the market purely based on public headlines and social activities around Leggett Platt Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Leggett Platt'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 Leggett Platt'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 Leggett Platt's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Leggett Platt.
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 Leggett Platt 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, Leggett Platt's short interest history, or implied volatility extrapolated from Leggett Platt options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Leggett Platt to cross-verify your projections. Note that the Leggett Platt rporated information on this page should be used as a complementary analysis to other Leggett Platt'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Leggett Stock analysis
When running Leggett Platt's price analysis, check to measure Leggett Platt'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 Leggett Platt is operating at the current time. Most of Leggett Platt's value examination focuses on studying past and present price action to predict the probability of Leggett Platt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leggett Platt's price. Additionally, you may evaluate how the addition of Leggett Platt to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is Leggett Platt'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 Leggett Platt. If investors know Leggett 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 Leggett Platt 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 (0.26) | Dividend Share 1.82 | Earnings Share (1.00) | Revenue Per Share 34.668 | Quarterly Revenue Growth (0.07) |
The market value of Leggett Platt rporated is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt'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 Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt'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 Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt'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.