Lucid Group Stock Market Value
| LCID Stock | USD 2.55 0.03 1.19% |
| Symbol | Lucid |
Lucid Group Price To Book Ratio
Is Lucid'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 Lucid. If investors know Lucid 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 Lucid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 0.286 | Quarterly Revenue Growth (0.39) | Return On Assets (0.23) | Return On Equity (0.61) |
The market value of Lucid Group is measured differently than its book value, which is the value of Lucid that is recorded on the company's balance sheet. Investors also form their own opinion of Lucid's value that differs from its market value or its book value, called intrinsic value, which is Lucid'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 Lucid's market value can be influenced by many factors that don't directly affect Lucid'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 Lucid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lucid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lucid'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.
Lucid '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 Lucid'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 Lucid.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Lucid on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Lucid Group or generate 0.0% return on investment in Lucid over 30 days. Lucid is related to or competes with Nio, Xpeng, Ford, Tesla, Li AutoInc, Rivian Automotive, and Polestar Automotive. Lucid Group, Inc. a technology and automotive company, develops electric vehicle technologies More
Lucid 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 Lucid'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 Lucid Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 43.93 | |||
| Value At Risk | (6.07) | |||
| Potential Upside | 7.07 |
Lucid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lucid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lucid's standard deviation. In reality, there are many statistical measures that can use Lucid historical prices to predict the future Lucid's volatility.| Risk Adjusted Performance | 0.0115 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lucid'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.
Lucid Group Backtested Returns
We consider Lucid risky. Lucid Group has Sharpe Ratio of 0.0128, which conveys that the firm had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lucid, which you can use to evaluate the volatility of the firm. Please verify Lucid's Mean Deviation of 3.45, risk adjusted performance of 0.0115, and Downside Deviation of 4.63 to check out if the risk estimate we provide is consistent with the expected return of 0.0674%. Lucid has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.26, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Lucid will likely underperform. Lucid Group right now secures a risk of 5.25%. Please verify Lucid Group maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Lucid Group will be following its current price movements.
Auto-correlation | 0.12 |
Insignificant predictability
Lucid Group has insignificant predictability. Overlapping area represents the amount of predictability between Lucid time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Lucid Group price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Lucid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lucid Group lagged returns against current returns
Autocorrelation, which is Lucid 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 Lucid's stock expected returns. We can calculate the autocorrelation of Lucid returns to help us make a trade decision. For example, suppose you find that Lucid 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 |
Lucid 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 Lucid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lucid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lucid stock over time.
Current vs Lagged Prices |
| Timeline |
Lucid Lagged Returns
When evaluating Lucid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lucid stock have on its future price. Lucid 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, Lucid autocorrelation shows the relationship between Lucid stock current value and its past values and can show if there is a momentum factor associated with investing in Lucid Group.
Regressed Prices |
| Timeline |
Lucid Investors Sentiment
The influence of Lucid'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 Lucid. 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 Lucid's public news can be used to forecast risks associated with an investment in Lucid. The trend in average sentiment can be used to explain how an investor holding Lucid can time the market purely based on public headlines and social activities around Lucid Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Lucid'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 Lucid'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 Lucid's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Lucid.
Lucid Implied Volatility | 129.43 |
Lucid's implied volatility exposes the market's sentiment of Lucid Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Lucid's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Lucid stock will not fluctuate a lot when Lucid's options are near their expiration.
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 Lucid 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, Lucid's short interest history, or implied volatility extrapolated from Lucid options trading.
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When running Lucid's price analysis, check to measure Lucid'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 Lucid is operating at the current time. Most of Lucid's value examination focuses on studying past and present price action to predict the probability of Lucid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lucid's price. Additionally, you may evaluate how the addition of Lucid to your portfolios can decrease your overall portfolio volatility.
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Lucid 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.