Legence Corp Stock Forecast - Simple Regression
| LGN Stock | 51.22 1.28 2.56% |
Legence Stock outlook is based on your current time horizon. Although Legence Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Legence Corp's systematic risk associated with finding meaningful patterns of Legence Corp fundamentals over time.
As of today, The value of relative strength index of Legence Corp's share price is at 59. This indicates that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Legence Corp, making its price go up or down. Momentum 59
Buy Extended
Oversold | Overbought |
EPS Estimate Current Year 0.0512 | EPS Estimate Next Year 1.2879 | Wall Street Target Price 49.18 | Quarterly Revenue Growth 0.262 |
Using Legence Corp hype-based prediction, you can estimate the value of Legence Corp Class from the perspective of Legence Corp response to recently generated media hype and the effects of current headlines on its competitors.
Legence Relative Strength Index
The Simple Regression forecasted value of Legence Corp Class on the next trading day is expected to be 49.27 with a mean absolute deviation of 2.22 and the sum of the absolute errors of 137.35.Legence Corp Class Hype to Price Pattern
Investor biases related to Legence Corp's public news can be used to forecast risks associated with an investment in Legence. The trend in average sentiment can be used to explain how an investor holding Legence can time the market purely based on public headlines and social activities around Legence Corp Class. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Legence Corp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Legence Corp.
The Simple Regression forecasted value of Legence Corp Class on the next trading day is expected to be 49.27 with a mean absolute deviation of 2.22 and the sum of the absolute errors of 137.35. Legence Corp after-hype prediction price | USD 51.06 |
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 Legence Corp to cross-verify your projections. Legence Corp Additional Predictive Modules
Most predictive techniques to examine Legence price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Legence using various technical indicators. When you analyze Legence 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 |
Legence Corp Simple Regression Price Forecast For the 30th of January
Given 90 days horizon, the Simple Regression forecasted value of Legence Corp Class on the next trading day is expected to be 49.27 with a mean absolute deviation of 2.22, mean absolute percentage error of 6.93, and the sum of the absolute errors of 137.35.Please note that although there have been many attempts to predict Legence Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Legence Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Legence Corp Stock Forecast Pattern
| Backtest Legence Corp | Legence Corp Price Prediction | Buy or Sell Advice |
Legence Corp Forecasted Value
In the context of forecasting Legence Corp'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. Legence Corp's downside and upside margins for the forecasting period are 44.38 and 54.16, respectively. We have considered Legence Corp'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 Simple Regression forecasting method's relative quality and the estimations of the prediction error of Legence Corp stock data series using in forecasting. Note that when a statistical model is used to represent Legence Corp 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 | 121.8845 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.2153 |
| MAPE | Mean absolute percentage error | 0.0517 |
| SAE | Sum of the absolute errors | 137.3489 |
Predictive Modules for Legence Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legence Corp Class. 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.Legence Corp After-Hype Price Density Analysis
As far as predicting the price of Legence Corp 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 Legence Corp 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 Legence Corp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Legence Corp Estimiated After-Hype Price Volatility
In the context of predicting Legence Corp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Legence Corp's historical news coverage. Legence Corp's after-hype downside and upside margins for the prediction period are 46.17 and 55.95, respectively. We have considered Legence Corp'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Legence Corp is very steady at this time. Analysis and calculation of next after-hype price of Legence Corp Class is based on 3 months time horizon.
Legence Corp Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Legence Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Legence Corp 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 Legence Corp, 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 |
0.47 | 4.89 | 0.16 | 0.06 | 10 Events / Month | 6 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
51.22 | 51.06 | 0.31 |
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Legence Corp Hype Timeline
On the 29th of January Legence Corp Class is traded for 51.22. The entity has historical hype elasticity of -0.16, and average elasticity to hype of competition of -0.06. Legence is forecasted to decline in value after the next headline, with the price expected to drop to 51.06. The average volatility of media hype impact on the company price is over 100%. The price depreciation on the next news is expected to be -0.31%, whereas the daily expected return is now at 0.47%. The volatility of related hype on Legence Corp is about 3704.55%, with the expected price after the next announcement by competition of 51.16. About 100.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 0.13. Legence Corp Class had not issued any dividends in recent years. Considering the 90-day investment horizon the next forecasted press release will be in about 10 days. Check out Historical Fundamental Analysis of Legence Corp to cross-verify your projections.Legence Corp Related Hype Analysis
Having access to credible news sources related to Legence Corp's direct competition is more important than ever and may enhance your ability to predict Legence Corp's future price movements. Getting to know how Legence Corp'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 Legence Corp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HLMN | Hillman Solutions Corp | (0.1) | 8 per month | 1.57 | (0.03) | 4.59 | (2.80) | 9.35 | |
| WLDN | Willdan Group | (4.77) | 12 per month | 2.60 | 0.14 | 5.21 | (4.25) | 13.12 | |
| LZ | LegalZoom | (0.39) | 10 per month | 0.00 | (0.09) | 4.12 | (3.42) | 15.50 | |
| VVX | V2X Inc | 0.28 | 10 per month | 1.63 | 0.06 | 3.81 | (2.27) | 10.12 | |
| ROCK | Gibraltar Industries | 2.00 | 7 per month | 0.00 | (0.11) | 5.00 | (4.60) | 23.65 | |
| PBI | Pitney Bowes | (0.05) | 9 per month | 0.00 | (0.12) | 2.65 | (2.96) | 11.49 | |
| NSP | Insperity | 0.68 | 10 per month | 0.00 | (0.05) | 4.91 | (5.53) | 20.54 | |
| MVST | Microvast Holdings | (0.08) | 8 per month | 0.00 | (0.23) | 6.02 | (8.87) | 18.37 | |
| SCS | Steelcase | 0.95 | 6 per month | 0.00 | (0.16) | 1.68 | (1.45) | 6.67 | |
| AMRC | Ameresco | 0.16 | 1 per month | 0.00 | (0.1) | 4.15 | (5.97) | 16.41 |
Other Forecasting Options for Legence Corp
For every potential investor in Legence, whether a beginner or expert, Legence Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Legence Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Legence. Basic forecasting techniques help filter out the noise by identifying Legence Corp's price trends.Legence Corp 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 Legence Corp stock to make a market-neutral strategy. Peer analysis of Legence Corp could also be used in its relative valuation, which is a method of valuing Legence Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Legence Corp Market Strength Events
Market strength indicators help investors to evaluate how Legence Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legence Corp shares will generate the highest return on investment. By undertsting and applying Legence Corp stock market strength indicators, traders can identify Legence Corp Class entry and exit signals to maximize returns.
Legence Corp Risk Indicators
The analysis of Legence Corp'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 Legence Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting legence 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 | 3.46 | |||
| Semi Deviation | 4.18 | |||
| Standard Deviation | 4.99 | |||
| Variance | 24.86 | |||
| Downside Variance | 21.12 | |||
| Semi Variance | 17.5 | |||
| Expected Short fall | (3.78) |
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 Legence Corp
The number of cover stories for Legence Corp depends on current market conditions and Legence Corp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Legence Corp 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 Legence Corp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Latest Perspective From Macroaxis
Legence Corp Short Properties
Legence Corp's future price predictability will typically decrease when Legence Corp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Legence Corp Class often depends not only on the future outlook of the potential Legence Corp'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. Legence Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 101.8 M | |
| Cash And Short Term Investments | 81.2 M |
Check out Historical Fundamental Analysis of Legence Corp to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Will Engineering & Construction sector continue expanding? Could Legence diversify its offerings? Factors like these will boost the valuation of Legence Corp. Expected growth trajectory for Legence significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Legence Corp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Investors evaluate Legence Corp Class using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Legence Corp's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Legence Corp's market price to deviate significantly from intrinsic value.
Understanding that Legence Corp's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Legence Corp represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Legence Corp's market price signifies the transaction level at which participants voluntarily complete trades.