Lgl Group Stock Market Value
| LGL Stock | USD 5.41 0.04 0.73% |
| Symbol | LGL |
LGL Group Price To Book Ratio
Is LGL'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 LGL. If investors know LGL 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 LGL 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 (0.08) | Earnings Share 0.06 | Revenue Per Share 0.687 | Quarterly Revenue Growth (0.89) | Return On Assets 0.0099 |
The market value of LGL Group is measured differently than its book value, which is the value of LGL that is recorded on the company's balance sheet. Investors also form their own opinion of LGL's value that differs from its market value or its book value, called intrinsic value, which is LGL'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 LGL's market value can be influenced by many factors that don't directly affect LGL'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 LGL's value and its price as these two are different measures arrived at by different means. Investors typically determine if LGL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LGL'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.
LGL '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 LGL'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 LGL.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in LGL on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding LGL Group or generate 0.0% return on investment in LGL over 30 days. LGL is related to or competes with Daktronics, Bel Fuse, LSI Industries, Sanmina, Micropac Industries, Deswell Industries, and SigmaTron International. The LGL Group, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and ... More
LGL 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 LGL'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 LGL Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.39 |
LGL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LGL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LGL's standard deviation. In reality, there are many statistical measures that can use LGL historical prices to predict the future LGL's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LGL'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.
LGL Group Backtested Returns
LGL Group has Sharpe Ratio of -0.0425, which conveys that the firm had a -0.0425% return per unit of volatility over the last 3 months. LGL exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify LGL's mean deviation of 2.14, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.72, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, LGL's returns are expected to increase less than the market. However, during the bear market, the loss of holding LGL is expected to be smaller as well. LGL Group has an expected return of -0.13%. Please make sure to verify LGL Group value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if LGL Group performance from the past will be repeated in the future.
Auto-correlation | 0.08 |
Virtually no predictability
LGL Group has virtually no predictability. Overlapping area represents the amount of predictability between LGL time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 LGL Group price movement. The serial correlation of 0.08 indicates that barely 8.0% of current LGL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
LGL Group lagged returns against current returns
Autocorrelation, which is LGL 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 LGL's stock expected returns. We can calculate the autocorrelation of LGL returns to help us make a trade decision. For example, suppose you find that LGL 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 |
LGL 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 LGL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LGL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LGL stock over time.
Current vs Lagged Prices |
| Timeline |
LGL Lagged Returns
When evaluating LGL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LGL stock have on its future price. LGL 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, LGL autocorrelation shows the relationship between LGL stock current value and its past values and can show if there is a momentum factor associated with investing in LGL Group.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out LGL Correlation, LGL Volatility and LGL Alpha and Beta module to complement your research on LGL. Note that the LGL Group information on this page should be used as a complementary analysis to other LGL'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for LGL Stock analysis
When running LGL's price analysis, check to measure LGL'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 LGL is operating at the current time. Most of LGL's value examination focuses on studying past and present price action to predict the probability of LGL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LGL's price. Additionally, you may evaluate how the addition of LGL to your portfolios can decrease your overall portfolio volatility.
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LGL 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.