Leggett Platt Incorporated Stock Probability of Future Stock Price Finishing Under 9.58
| LEG Stock | USD 12.49 0.57 4.36% |
Leggett |
Leggett Platt Target Price Odds to finish below 9.58
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 drop to $ 9.58 or more in 90 days |
| 12.49 | 90 days | 9.58 | near 1 |
Based on a normal probability distribution, the odds of Leggett Platt to drop to $ 9.58 or more in 90 days from now is near 1 (This Leggett Platt Incorporated 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 $ 9.58 and its current price of $12.49 at the end of the 90-day period is about 45.43 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.13 . This indicates Leggett Platt Incorporated market returns are reactive to returns on the market. As the market goes up or down, Leggett Platt is expected to follow. Additionally Leggett Platt Incorporated 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leggett Platt's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 Incorporated, 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 | -0.05 | |
β | Beta against Dow Jones | 1.13 | |
σ | Overall volatility | 0.70 | |
Ir | Information ratio | -0.01 |
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.| The company reported the last year's revenue of 4.73 B. Reported Net Loss for the year was (136.8 M) with profit before taxes, overhead, and interest of 976.8 M. | |
| Leggett Platt has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are owned by institutional investors | |
| On 15th of October 2024 Leggett Platt paid $ 0.05 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Three Reasons Why LEG is Risky and One Stock to Buy Instead |
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 Incorporated. 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.
| The company reported the last year's revenue of 4.73 B. Reported Net Loss for the year was (136.8 M) with profit before taxes, overhead, and interest of 976.8 M. | |
| Leggett Platt has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are owned by institutional investors | |
| On 15th of October 2024 Leggett Platt paid $ 0.05 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Three Reasons Why LEG is Risky and One Stock to Buy Instead |
Check out Leggett Platt Backtesting, Leggett Platt Valuation, Leggett Platt Correlation, Leggett Platt Hype Analysis, Leggett Platt Volatility, Leggett Platt History as well as Leggett Platt Performance. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.16) | Dividend Share 1.02 | Earnings Share (6.01) | Revenue Per Share 32.414 | Quarterly Revenue Growth (0.06) |
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt'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 Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt'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.