Leggett Platt (UK) Probability of Future Stock Price Finishing Under 13.53
| 0JTT Stock | 11.49 0.20 1.71% |
Leggett |
Leggett Platt Target Price Odds to finish below 13.53
The tendency of Leggett Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 13.53 after 90 days |
| 11.49 | 90 days | 13.53 | about 92.01 |
Based on a normal probability distribution, the odds of Leggett Platt to stay under 13.53 after 90 days from now is about 92.01 (This Leggett Platt probability density function shows the probability of Leggett Stock to fall within a particular range of prices over 90 days) . Probability of Leggett Platt price to stay between its current price of 11.49 and 13.53 at the end of the 90-day period is about 86.48 .
Assuming the 90 days trading horizon Leggett Platt has a beta of 0.83. This suggests as returns on the market go up, Leggett Platt average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Leggett Platt will be expected to be much smaller as well. Additionally Leggett Platt has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Leggett Platt Price Density |
| Price |
Predictive Modules for Leggett Platt
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Leggett Platt. 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.Leggett Platt Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Leggett Platt is not an exception. The market had few large corrections towards the Leggett Platt's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Leggett Platt, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Leggett Platt within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.007 | |
β | Beta against Dow Jones | 0.83 | |
σ | Overall volatility | 0.68 | |
Ir | Information ratio | -0.0083 |
Leggett Platt Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Leggett Platt for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Leggett Platt can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Leggett Platt generated a negative expected return over the last 90 days | |
| The company reported the revenue of 4.73 B. Net Loss for the year was (136.8 M) with profit before overhead, payroll, taxes, and interest of 976.8 M. | |
| Over 78.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Leggett Platt Inc. stock outperforms competitors despite losses on the day - MarketWatch |
Leggett Platt Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Leggett Stock often depends not only on the future outlook of the current and potential Leggett Platt'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. Leggett Platt's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 136.3 M | |
| Cash And Short Term Investments | 365.5 M |
Leggett Platt Technical Analysis
Leggett Platt's future price can be derived by breaking down and analyzing its technical indicators over time. Leggett Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Leggett Platt. In general, you should focus on analyzing Leggett Stock price patterns and their correlations with different microeconomic environments and drivers.
Leggett Platt Predictive Forecast Models
Leggett Platt's time-series forecasting models is one of many Leggett Platt's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Leggett Platt's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Leggett Platt
Checking the ongoing alerts about Leggett Platt for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Leggett Platt help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Leggett Platt generated a negative expected return over the last 90 days | |
| The company reported the revenue of 4.73 B. Net Loss for the year was (136.8 M) with profit before overhead, payroll, taxes, and interest of 976.8 M. | |
| Over 78.0% of the company shares are owned by institutions such as pension funds | |
| Latest headline from news.google.com: Leggett Platt Inc. stock outperforms competitors despite losses on the day - MarketWatch |
Additional Tools for Leggett Stock Analysis
When running Leggett Platt's price analysis, check to measure Leggett Platt'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 Leggett Platt is operating at the current time. Most of Leggett Platt's value examination focuses on studying past and present price action to predict the probability of Leggett Platt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leggett Platt's price. Additionally, you may evaluate how the addition of Leggett Platt to your portfolios can decrease your overall portfolio volatility.