Legato Merger Corp Stock Probability of Future Stock Price Finishing Under 10.00
| LEGT Stock | 10.28 0.01 0.1% |
Legato |
Legato Merger Target Price Odds to finish below 10.00
The tendency of Legato 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 10.00 or more in 90 days |
| 10.28 | 90 days | 10.00 | near 1 |
Based on a normal probability distribution, the odds of Legato Merger to drop to 10.00 or more in 90 days from now is near 1 (This Legato Merger Corp probability density function shows the probability of Legato Stock to fall within a particular range of prices over 90 days) . Probability of Legato Merger Corp price to stay between 10.00 and its current price of 10.28 at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days Legato Merger Corp has a beta of -0.0012. This indicates as returns on the benchmark increase, returns on holding Legato Merger are expected to decrease at a much lower rate. During a bear market, however, Legato Merger Corp is likely to outperform the market. Additionally Legato Merger Corp has an alpha of 0.005, implying that it can generate a 0.004994 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Legato Merger Price Density |
| Price |
Predictive Modules for Legato Merger
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legato Merger 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.Legato Merger Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legato Merger is not an exception. The market had few large corrections towards the Legato Merger'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 Legato Merger Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legato Merger within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.0012 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -1.59 |
Legato Merger 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 Legato Merger for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legato Merger Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 65.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: First Trust Capital Management L.P. Expands Portfolio with Legato Merger Corp III Acquisition |
Legato Merger 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 Legato Stock often depends not only on the future outlook of the current and potential Legato Merger'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. Legato Merger's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Short Prior Month | 13.4 K | |
| Shares Float | 21 M |
Legato Merger Technical Analysis
Legato Merger's future price can be derived by breaking down and analyzing its technical indicators over time. Legato Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legato Merger Corp. In general, you should focus on analyzing Legato Stock price patterns and their correlations with different microeconomic environments and drivers.
Legato Merger Predictive Forecast Models
Legato Merger's time-series forecasting models is one of many Legato Merger'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 Legato Merger'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 Legato Merger Corp
Checking the ongoing alerts about Legato Merger for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legato Merger Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 65.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: First Trust Capital Management L.P. Expands Portfolio with Legato Merger Corp III Acquisition |
Additional Tools for Legato Stock Analysis
When running Legato Merger's price analysis, check to measure Legato Merger'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 Legato Merger is operating at the current time. Most of Legato Merger's value examination focuses on studying past and present price action to predict the probability of Legato Merger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legato Merger's price. Additionally, you may evaluate how the addition of Legato Merger to your portfolios can decrease your overall portfolio volatility.