Legacy Housing Corp Stock Technical Analysis
| LEGH Stock | USD 20.21 0.16 0.80% |
As of the 25th of April, Legacy Housing secures the Mean Deviation of 1.5, standard deviation of 2.62, and Risk Adjusted Performance of (0.06). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Legacy Housing Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Legacy Housing, which can be compared to its peers in the industry. Please verify Legacy Housing Corp information ratio, as well as the relationship between the value at risk and kurtosis to decide if Legacy Housing Corp is priced some-what accurately, providing market reflects its recent price of 20.21 per share. Given that Legacy Housing Corp has information ratio of (0.13), we recommend you to check Legacy Housing's last-minute market performance to make sure the company can sustain itself at a future point.
Legacy Housing Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Legacy, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LegacyLegacy |
Legacy Housing 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.
Legacy Housing Corp Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Legacy Housing Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Legacy Housing Corp Trend Analysis
Use this graph to draw trend lines for Legacy Housing Corp. You can use it to identify possible trend reversals for Legacy Housing as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Legacy Housing price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Legacy Housing Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Legacy Housing Corp applied against its price change over selected period. The best fit line has a slop of 0.11 , which may suggest that Legacy Housing Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 471.75, which is the sum of squared deviations for the predicted Legacy Housing price change compared to its average price change.About Legacy Housing Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Legacy Housing Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Legacy Housing Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Legacy Housing Corp price pattern first instead of the macroeconomic environment surrounding Legacy Housing Corp. By analyzing Legacy Housing's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Legacy Housing's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Legacy Housing specific price patterns or momentum indicators. Please read more on our technical analysis page.
Legacy Housing April 25, 2024 Technical Indicators
Most technical analysis of Legacy help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Legacy from various momentum indicators to cycle indicators. When you analyze Legacy charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.18) | |||
| Mean Deviation | 1.5 | |||
| Coefficient Of Variation | (993.02) | |||
| Standard Deviation | 2.62 | |||
| Variance | 6.85 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.19) | |||
| Maximum Drawdown | 18.2 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 2.37 | |||
| Skewness | (3.36) | |||
| Kurtosis | 19.17 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Legacy Stock analysis
When running Legacy Housing's price analysis, check to measure Legacy Housing'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 Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Global Correlations Find global opportunities by holding instruments from different markets |
Is Legacy Housing'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 Legacy Housing. If investors know Legacy 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 Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.