Legal General Group Stock Technical Analysis
| LGGNY Stock | USD 15.75 0.33 2.14% |
As of the 23rd of April, Legal General secures the Mean Deviation of 0.8703, standard deviation of 1.16, and Risk Adjusted Performance of 0.0016. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Legal General Group, 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 interpolate thirteen technical drivers for Legal General, which can be compared to its peers in the industry. Please verify Legal General Group coefficient of variation and value at risk to decide if Legal General Group is priced some-what accurately, providing market reflects its recent price of 15.75 per share. Given that Legal General Group has information ratio of (0.08), we recommend you to check Legal General's last-minute market performance to make sure the company can sustain itself at a future point.
Legal General Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Legal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LegalLegal |
Legal General technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Legal General Group Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Legal General Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Legal General Group Trend Analysis
Use this graph to draw trend lines for Legal General Group. You can use it to identify possible trend reversals for Legal General 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 Legal General price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Legal General Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Legal General Group applied against its price change over selected period. The best fit line has a slop of 0 , which means Legal General Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.15, which is the sum of squared deviations for the predicted Legal General price change compared to its average price change.About Legal General 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 Legal General Group 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 Legal General Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Legal General Group price pattern first instead of the macroeconomic environment surrounding Legal General Group. By analyzing Legal General'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 Legal General'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 Legal General specific price patterns or momentum indicators. Please read more on our technical analysis page.
Legal General April 23, 2024 Technical Indicators
Most technical analysis of Legal 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 Legal from various momentum indicators to cycle indicators. When you analyze Legal 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 | 0.0016 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.8703 | |||
| Coefficient Of Variation | (19,374) | |||
| Standard Deviation | 1.16 | |||
| Variance | 1.36 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 5.36 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.83 | |||
| Skewness | (0.46) | |||
| Kurtosis | 0.8457 |
Legal General April 23, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Legal stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1,539 | ||
| Daily Balance Of Power | 0.79 | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 15.78 | ||
| Day Typical Price | 15.77 | ||
| Price Action Indicator | 0.13 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legal General Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Legal Pink Sheet analysis
When running Legal General's price analysis, check to measure Legal General'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 Legal General is operating at the current time. Most of Legal General's value examination focuses on studying past and present price action to predict the probability of Legal General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legal General's price. Additionally, you may evaluate how the addition of Legal General to your portfolios can decrease your overall portfolio volatility.
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