Legalzoom Stock Market Value
| LZ Stock | USD 11.36 0.07 0.61% |
| Symbol | LegalZoom |
LegalZoom company Valuation
Is LegalZoom'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 LegalZoom. If investors know LegalZoom 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 LegalZoom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.04 | Revenue Per Share 3.387 | Quarterly Revenue Growth 0.077 | Return On Assets 0.0293 | Return On Equity 0.0552 |
The market value of LegalZoom is measured differently than its book value, which is the value of LegalZoom that is recorded on the company's balance sheet. Investors also form their own opinion of LegalZoom's value that differs from its market value or its book value, called intrinsic value, which is LegalZoom'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 LegalZoom's market value can be influenced by many factors that don't directly affect LegalZoom'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 LegalZoom's value and its price as these two are different measures arrived at by different means. Investors typically determine if LegalZoom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LegalZoom'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.
LegalZoom '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 LegalZoom'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 LegalZoom.
| 11/06/2023 |
| 12/06/2023 |
If you would invest 0.00 in LegalZoom on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding LegalZoom or generate 0.0% return on investment in LegalZoom over 30 days. LegalZoom is related to or competes with BrightView Holdings, SP Plus, Target Hospitality, DLH Holdings, and VS Media. LegalZoom.com, Inc. operates an online platform for legal and compliance solutions in the United States More
LegalZoom 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 LegalZoom'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 LegalZoom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0121 | |||
| Maximum Drawdown | 10.46 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.85 |
LegalZoom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for LegalZoom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LegalZoom's standard deviation. In reality, there are many statistical measures that can use LegalZoom historical prices to predict the future LegalZoom's volatility.| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | 0.0371 | |||
| Sortino Ratio | 0.0108 | |||
| Treynor Ratio | 0.0209 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of LegalZoom'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. Please use the tools below to analyze the current value of LegalZoom in the context of predictive analytics.
LegalZoom Backtested Returns
LegalZoom appears to be not too volatile, given 3 months investment horizon. LegalZoom has Sharpe Ratio of 0.12, which conveys that the firm had 0.12% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for LegalZoom, which you can use to evaluate the future volatility of the firm. Please exercise LegalZoom's Mean Deviation of 1.62, downside deviation of 2.65, and Risk Adjusted Performance of 0.0181 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LegalZoom holds a performance score of 9. The company secures a Beta (Market Risk) of 1.1774, 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, LegalZoom will likely underperform. Our main philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing LegalZoom technical indicators, you can presently evaluate if the expected return of 0.23% will be sustainable into the future. Please exercises LegalZoom semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to make a quick decision on whether LegalZoom current price movements will revert.
Auto-correlation | 0.18 |
Very weak predictability
LegalZoom has very weak predictability. Overlapping area represents the amount of predictability between LegalZoom time series from 6th of November 2023 to 21st of November 2023 and 21st of November 2023 to 6th of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LegalZoom price movement. The serial correlation of 0.18 indicates that over 18.0% of current LegalZoom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
LegalZoom lagged returns against current returns
Autocorrelation, which is LegalZoom 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 LegalZoom's stock expected returns. We can calculate the autocorrelation of LegalZoom returns to help us make a trade decision. For example, suppose you find that LegalZoom stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
LegalZoom 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 LegalZoom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if LegalZoom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in LegalZoom stock over time.
Current vs Lagged Prices |
| Timeline |
LegalZoom Lagged Returns
When evaluating LegalZoom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of LegalZoom stock have on its future price. LegalZoom 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, LegalZoom autocorrelation shows the relationship between LegalZoom stock current value and its past values and can show if there is a momentum factor associated with investing in LegalZoom.
Regressed Prices |
| Timeline |
Be your own money manager
Our tools can tell you how much better you can do entering a position in LegalZoom without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as LegalZoom using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Check out LegalZoom Correlation, LegalZoom Volatility and LegalZoom Alpha and Beta module to complement your research on LegalZoom. For more information on how to buy LegalZoom Stock please use our How to Invest in LegalZoom guide.Note that the LegalZoom information on this page should be used as a complementary analysis to other LegalZoom'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for LegalZoom Stock analysis
When running LegalZoom's price analysis, check to measure LegalZoom'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 LegalZoom is operating at the current time. Most of LegalZoom's value examination focuses on studying past and present price action to predict the probability of LegalZoom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LegalZoom's price. Additionally, you may evaluate how the addition of LegalZoom to your portfolios can decrease your overall portfolio volatility.
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LegalZoom 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.