Lumentum Holdings Stock Market Value
| LITE Stock | USD 41.81 1.64 3.77% |
| Symbol | Lumentum |
Lumentum Holdings Price To Book Ratio
Is Lumentum Holdings' 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 Lumentum Holdings. If investors know Lumentum 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 Lumentum Holdings 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 0.711 | Earnings Share (3.95) | Revenue Per Share 21.25 | Quarterly Revenue Growth (0.28) | Return On Assets (0.03) |
The market value of Lumentum Holdings is measured differently than its book value, which is the value of Lumentum that is recorded on the company's balance sheet. Investors also form their own opinion of Lumentum Holdings' value that differs from its market value or its book value, called intrinsic value, which is Lumentum Holdings' 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 Lumentum Holdings' market value can be influenced by many factors that don't directly affect Lumentum Holdings' 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 Lumentum Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lumentum Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lumentum Holdings' 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.
Lumentum Holdings '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 Lumentum Holdings' 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 Lumentum Holdings.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Lumentum Holdings on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Lumentum Holdings or generate 0.0% return on investment in Lumentum Holdings over 30 days. Lumentum Holdings is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, t... More
Lumentum Holdings 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 Lumentum Holdings' 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 Lumentum Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 28.25 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.39 |
Lumentum Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lumentum Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lumentum Holdings' standard deviation. In reality, there are many statistical measures that can use Lumentum Holdings historical prices to predict the future Lumentum Holdings' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lumentum Holdings' 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.
Lumentum Holdings Backtested Returns
Lumentum Holdings has Sharpe Ratio of -0.0634, which conveys that the firm had a -0.0634% return per unit of risk over the last 3 months. Lumentum Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lumentum Holdings' Risk Adjusted Performance of (0.03), mean deviation of 2.39, and Standard Deviation of 3.89 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.92, 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, Lumentum Holdings will likely underperform. Lumentum Holdings has an expected return of -0.25%. Please make sure to verify Lumentum Holdings value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Lumentum Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Lumentum Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Lumentum Holdings time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Lumentum Holdings price movement. The serial correlation of -0.21 indicates that over 21.0% of current Lumentum Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Lumentum Holdings lagged returns against current returns
Autocorrelation, which is Lumentum Holdings 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 Lumentum Holdings' stock expected returns. We can calculate the autocorrelation of Lumentum Holdings returns to help us make a trade decision. For example, suppose you find that Lumentum Holdings 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 |
Lumentum Holdings 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 Lumentum Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lumentum Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lumentum Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Lumentum Holdings Lagged Returns
When evaluating Lumentum Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lumentum Holdings stock have on its future price. Lumentum Holdings 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, Lumentum Holdings autocorrelation shows the relationship between Lumentum Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Lumentum Holdings.
Regressed Prices |
| Timeline |
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Complementary Tools for Lumentum Stock analysis
When running Lumentum Holdings' price analysis, check to measure Lumentum Holdings' 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 Lumentum Holdings is operating at the current time. Most of Lumentum Holdings' value examination focuses on studying past and present price action to predict the probability of Lumentum Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumentum Holdings' price. Additionally, you may evaluate how the addition of Lumentum Holdings to your portfolios can decrease your overall portfolio volatility.
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Lumentum Holdings 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.