Lgi Homes Stock Market Value

LGIH Stock  USD 93.38  0.05  0.05%   
LGI Homes' market value is the price at which a share of LGI Homes trades on a public exchange. It measures the collective expectations of LGI Homes investors about its performance. LGI Homes is trading at 93.38 as of the 21st of April 2024. This is a -0.05% down since the beginning of the trading day. The stock's open price was 93.43.
With this module, you can estimate the performance of a buy and hold strategy of LGI Homes and determine expected loss or profit from investing in LGI Homes over a given investment horizon. Check out LGI Homes Correlation, LGI Homes Volatility and LGI Homes Alpha and Beta module to complement your research on LGI Homes.
For more detail on how to invest in LGI Stock please use our How to Invest in LGI Homes guide.
Symbol

LGI Homes Price To Book Ratio

Is LGI Homes' 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 LGI Homes. If investors know LGI 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 LGI Homes 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
0.515
Earnings Share
8.42
Revenue Per Share
100.335
Quarterly Revenue Growth
0.246
Return On Assets
0.0459
The market value of LGI Homes is measured differently than its book value, which is the value of LGI that is recorded on the company's balance sheet. Investors also form their own opinion of LGI Homes' value that differs from its market value or its book value, called intrinsic value, which is LGI Homes' 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 LGI Homes' market value can be influenced by many factors that don't directly affect LGI Homes' 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 LGI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if LGI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LGI Homes' 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.

LGI Homes '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 LGI Homes' 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 LGI Homes.
0.00
03/22/2024
No Change 0.00  0.0 
In 30 days
04/21/2024
0.00
If you would invest  0.00  in LGI Homes on March 22, 2024 and sell it all today you would earn a total of 0.00 from holding LGI Homes or generate 0.0% return on investment in LGI Homes over 30 days. LGI Homes is related to or competes with MI Homes, Taylor Morn, TRI Pointe, Beazer Homes, Century Communities, Cavco Industries, and Legacy Housing. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name ... More

LGI Homes 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 LGI Homes' 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 LGI Homes upside and downside potential and time the market with a certain degree of confidence.

LGI Homes Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for LGI Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LGI Homes' standard deviation. In reality, there are many statistical measures that can use LGI Homes historical prices to predict the future LGI Homes' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LGI Homes' 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.
Hype
Prediction
LowEstimatedHigh
91.3594.1196.87
Details
Intrinsic
Valuation
LowRealHigh
84.04103.34106.10
Details
Naive
Forecast
LowNextHigh
87.8390.5993.35
Details
7 Analysts
Consensus
LowTargetHigh
116.71128.25142.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as LGI Homes. Your research has to be compared to or analyzed against LGI Homes' peers to derive any actionable benefits. When done correctly, LGI Homes' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in LGI Homes.

LGI Homes Backtested Returns

LGI Homes has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. LGI Homes exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LGI Homes' mean deviation of 2.09, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.62, 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, LGI Homes will likely underperform. LGI Homes has an expected return of -0.43%. Please make sure to verify LGI Homes kurtosis, and the relationship between the maximum drawdown and day median price , to decide if LGI Homes performance from the past will be repeated in the future.

Auto-correlation

    
  0.80  

Very good predictability

LGI Homes has very good predictability. Overlapping area represents the amount of predictability between LGI Homes time series from 22nd of March 2024 to 6th of April 2024 and 6th of April 2024 to 21st 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 LGI Homes price movement. The serial correlation of 0.8 indicates that around 80.0% of current LGI Homes price fluctuation can be explain by its past prices.
Correlation Coefficient0.8
Spearman Rank Test0.64
Residual Average0.0
Price Variance9.72

LGI Homes lagged returns against current returns

Autocorrelation, which is LGI Homes 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 LGI Homes' stock expected returns. We can calculate the autocorrelation of LGI Homes returns to help us make a trade decision. For example, suppose you find that LGI Homes 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  

LGI Homes 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 LGI Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LGI Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LGI Homes stock over time.
   Current vs Lagged Prices   
       Timeline  

LGI Homes Lagged Returns

When evaluating LGI Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LGI Homes stock have on its future price. LGI Homes 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, LGI Homes autocorrelation shows the relationship between LGI Homes stock current value and its past values and can show if there is a momentum factor associated with investing in LGI Homes.
   Regressed Prices   
       Timeline  

LGI Homes Investors Sentiment

The influence of LGI Homes' 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 LGI. 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 LGI Homes' public news can be used to forecast risks associated with an investment in LGI. The trend in average sentiment can be used to explain how an investor holding LGI can time the market purely based on public headlines and social activities around LGI Homes. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
LGI Homes' 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 LGI Homes' 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 LGI Homes' news discussions. The higher the estimated score, the more favorable is the investor's outlook on LGI Homes.
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 LGI Homes 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, LGI Homes' short interest history, or implied volatility extrapolated from LGI Homes options trading.

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When determining whether LGI Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of LGI Homes' 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 Lgi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lgi Homes Stock:
Check out LGI Homes Correlation, LGI Homes Volatility and LGI Homes Alpha and Beta module to complement your research on LGI Homes.
For more detail on how to invest in LGI Stock please use our How to Invest in LGI Homes guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for LGI Stock analysis

When running LGI Homes' price analysis, check to measure LGI Homes' 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 LGI Homes is operating at the current time. Most of LGI Homes' value examination focuses on studying past and present price action to predict the probability of LGI Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LGI Homes' price. Additionally, you may evaluate how the addition of LGI Homes to your portfolios can decrease your overall portfolio volatility.
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LGI Homes 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.
A focus of LGI Homes technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of LGI Homes trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...