Laboratory Stock Technical Analysis

LH -  USA Stock  

USD 283.77  2.67  0.95%

As of the 25th of July, Laboratory Corp secures the Mean Deviation of 0.7897, downside deviation of 1.18, and Risk Adjusted Performance of 0.0939. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Laboratory 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 have analyze and collected data for nineteen technical drivers for Laboratory Corp, which can be compared to its peers in the industry. Please verify Laboratory Corp jensen alpha, and the relationship between the coefficient of variation and potential upside to decide if Laboratory Corp is priced some-what accurately, providing market reflects its recent price of 283.77 per share. Given that Laboratory Corp has jensen alpha of 0.1031, we recommend you to check Laboratory Corp's last-minute market performance to make sure the company can sustain itself at a future point.

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Laboratory Corp Analyst Consensus

Target PriceAdvice# of Analysts
288.0Buy11Odds
Laboratory Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Laboratory analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Laboratory stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Laboratory Corp, talking to its executives and customers, or listening to Laboratory conference calls.
Laboratory Analyst Advice Details
Laboratory Corp 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.
A focus of Laboratory Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Laboratory Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Laboratory Corp Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Laboratory Corp volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Laboratory Corp Trend Analysis

Use this graph to draw trend lines for Laboratory Corp. You can use it to identify possible trend reversals for Laboratory Corp 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 Laboratory Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Laboratory Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Laboratory Corp applied against its price change over selected period. The best fit line has a slop of   0.13  , which suggests that Laboratory Corp will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 661.7, which is the sum of squared deviations for the predicted Laboratory Corp price change compared to its average price change.

About Laboratory Corp 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 Laboratory 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 Laboratory Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Laboratory Corp stock first instead of the macroeconomic environment surrounding Laboratory Corp. By analyzing Laboratory Corp'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 Laboratory Corp'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 Laboratory Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2018 2019 2020 (projected)
Long Term Debt to Equity0.870.780.59
Interest Coverage5.435.5311.79

Laboratory Corp July 25, 2021 Technical Indicators

Most technical analysis of Laboratory 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 Laboratory from various momentum indicators to cycle indicators. When you analyze Laboratory 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.
Additionally, see Stocks Correlation. Note that the Laboratory Corp information on this page should be used as a complementary analysis to other Laboratory Corp'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Laboratory Stock analysis

When running Laboratory Corp price analysis, check to measure Laboratory Corp'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 Laboratory Corp is operating at the current time. Most of Laboratory Corp's value examination focuses on studying past and present price action to predict the probability of Laboratory Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Laboratory Corp's price. Additionally, you may evaluate how the addition of Laboratory Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Laboratory Corp is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory Corp's value that differs from its market value or its book value, called intrinsic value, which is Laboratory Corp'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 Laboratory Corp's market value can be influenced by many factors that don't directly affect Laboratory Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Laboratory Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory Corp'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.