Legacy Housing Stock Forward View - Double Exponential Smoothing
| LEGH Stock | USD 21.18 0.63 2.89% |
Legacy Stock outlook is based on your current time horizon. We suggest always using this module together with an analysis of Legacy Housing's historical fundamentals, such as revenue growth or operating cash flow patterns.
As of 5th of February 2026 the relative strength index (rsi) of Legacy Housing's share price is below 20 . This indicates that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Legacy Housing hype-based prediction, you can estimate the value of Legacy Housing Corp from the perspective of Legacy Housing response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of Legacy Housing Corp on the next trading day is expected to be 21.51 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 21.32. Legacy Housing after-hype prediction price | USD 21.4 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Legacy Housing to cross-verify your projections. Legacy Housing Additional Predictive Modules
Most predictive techniques to examine Legacy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Legacy using various technical indicators. When you analyze Legacy charts, please remember that the event formation may indicate an entry point for a short seller, and look at 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 |
Legacy Housing Double Exponential Smoothing Price Forecast For the 6th of February
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Legacy Housing Corp on the next trading day is expected to be 21.51 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.21, and the sum of the absolute errors of 21.32.Please note that although there have been many attempts to predict Legacy Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Legacy Housing's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Legacy Housing Stock Forecast Pattern
| Backtest Legacy Housing | Legacy Housing Price Prediction | Research Analysis |
Legacy Housing Forecasted Value
In the context of forecasting Legacy Housing's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Legacy Housing's downside and upside margins for the forecasting period are 19.46 and 23.55, respectively. We have considered Legacy Housing's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Legacy Housing stock data series using in forecasting. Note that when a statistical model is used to represent Legacy Housing stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | -0.0646 |
| MAD | Mean absolute deviation | 0.3614 |
| MAPE | Mean absolute percentage error | 0.0176 |
| SAE | Sum of the absolute errors | 21.3246 |
Predictive Modules for Legacy Housing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legacy Housing Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Legacy Housing After-Hype Price Density Analysis
As far as predicting the price of Legacy Housing at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Legacy Housing or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Legacy Housing, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Legacy Housing Estimiated After-Hype Price Volatility
In the context of predicting Legacy Housing's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Legacy Housing's historical news coverage. Legacy Housing's after-hype downside and upside margins for the prediction period are 19.37 and 23.43, respectively. We have considered Legacy Housing's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Legacy Housing is very steady at this time. Analysis and calculation of next after-hype price of Legacy Housing Corp is based on 3 months time horizon.
Legacy Housing Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Legacy Housing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legacy Housing backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Legacy Housing, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.06 | 2.05 | 0.00 | 0.01 | 0 Events / Month | 1 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
21.18 | 21.40 | 0.00 |
|
Legacy Housing Hype Timeline
Legacy Housing Corp is now traded for 21.18. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.01. Legacy is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at -0.06%. %. The volatility of related hype on Legacy Housing is about 1040.61%, with the expected price after the next announcement by competition of 21.17. About 63.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.95. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Legacy Housing Corp had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be uncertain. Check out Historical Fundamental Analysis of Legacy Housing to cross-verify your projections.Legacy Housing Related Hype Analysis
Having access to credible news sources related to Legacy Housing's direct competition is more important than ever and may enhance your ability to predict Legacy Housing's future price movements. Getting to know how Legacy Housing's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Legacy Housing may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BZH | Beazer Homes USA | 0.00 | 0 per month | 2.73 | 0.06 | 7.08 | (2.90) | 19.78 | |
| HOV | Hovnanian Enterprises | (1.97) | 10 per month | 4.69 | 0.02 | 7.93 | (5.13) | 34.59 | |
| OXM | Oxford Industries | 0.00 | 0 per month | 4.97 | 0.03 | 7.88 | (5.59) | 30.64 | |
| CPS | Cooper Stnd | 0.00 | 0 per month | 2.19 | 0.09 | 5.82 | (4.19) | 13.59 | |
| SCVL | Shoe Carnival | 0.00 | 0 per month | 2.48 | 0.09 | 4.95 | (3.76) | 11.78 | |
| BLMN | Bloomin Brands | 0.00 | 0 per month | 3.99 | 0 | 5.22 | (5.11) | 22.59 | |
| MBUU | Malibu Boats | 0.00 | 0 per month | 3.01 | 0.09 | 4.10 | (4.11) | 11.45 | |
| BWMX | Betterware de Mxico | 0.00 | 0 per month | 1.46 | 0.12 | 3.90 | (2.22) | 16.38 | |
| GDEN | Golden Entertainment | 0.00 | 0 per month | 0.00 | (0.10) | 1.88 | (1.64) | 5.50 | |
| HZO | MarineMax | 0.00 | 0 per month | 2.45 | 0.10 | 7.45 | (4.49) | 16.81 |
Other Forecasting Options for Legacy Housing
For every potential investor in Legacy, whether a beginner or expert, Legacy Housing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Legacy Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Legacy. Basic forecasting techniques help filter out the noise by identifying Legacy Housing's price trends.Legacy Housing Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Legacy Housing stock to make a market-neutral strategy. Peer analysis of Legacy Housing could also be used in its relative valuation, which is a method of valuing Legacy Housing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Legacy Housing Market Strength Events
Market strength indicators help investors to evaluate how Legacy Housing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legacy Housing shares will generate the highest return on investment. By undertsting and applying Legacy Housing stock market strength indicators, traders can identify Legacy Housing Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 5027.76 | |||
| Daily Balance Of Power | (0.57) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 21.66 | |||
| Day Typical Price | 21.5 | |||
| Price Action Indicator | (0.79) | |||
| Period Momentum Indicator | (0.63) |
Legacy Housing Risk Indicators
The analysis of Legacy Housing's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Legacy Housing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting legacy stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.55 | |||
| Standard Deviation | 2.05 | |||
| Variance | 4.19 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Legacy Housing
The number of cover stories for Legacy Housing depends on current market conditions and Legacy Housing's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Legacy Housing is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Legacy Housing's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
Legacy Housing Short Properties
Legacy Housing's future price predictability will typically decrease when Legacy Housing's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Legacy Housing Corp often depends not only on the future outlook of the potential Legacy Housing's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legacy Housing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.8 M | |
| Cash And Short Term Investments | 1.1 M |
Check out Historical Fundamental Analysis of Legacy Housing to cross-verify your projections. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is there potential for Household Durables market expansion? Will Legacy introduce new products? Factors like these will boost the valuation of Legacy Housing. Expected growth trajectory for Legacy significantly influences the price investors are willing to assign. Understanding fair value requires weighing current performance against future potential. 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.
Investors evaluate Legacy Housing Corp using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Legacy Housing's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause Legacy Housing's market price to deviate significantly from intrinsic value.
Understanding that Legacy Housing's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Legacy Housing represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Legacy Housing's market price signifies the transaction level at which participants voluntarily complete trades.