Legacy Education Stock Probability of Future Stock Price Finishing Under 1.18
| LGCY Stock | USD 8.21 0.11 1.36% |
Legacy |
Legacy Education Target Price Odds to finish below 1.18
The tendency of Legacy 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 $ 1.18 or more in 90 days |
| 8.21 | 90 days | 1.18 | near 1 |
Based on a normal probability distribution, the odds of Legacy Education to drop to $ 1.18 or more in 90 days from now is near 1 (This Legacy Education probability density function shows the probability of Legacy Stock to fall within a particular range of prices over 90 days) . Probability of Legacy Education price to stay between $ 1.18 and its current price of $8.21 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days Legacy Education has a beta of 0.35. This indicates as returns on the market go up, Legacy Education average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Legacy Education will be expected to be much smaller as well. Moreover Legacy Education has an alpha of 1.6302, implying that it can generate a 1.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Legacy Education Price Density |
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Predictive Modules for Legacy Education
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 Education. 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 Legacy Education'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.
Legacy Education Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legacy Education is not an exception. The market had few large corrections towards the Legacy Education'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 Legacy Education, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legacy Education within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.63 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 1.00 | |
Ir | Information ratio | 0.31 |
Legacy Education 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 Legacy Education for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legacy Education can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legacy Education is way too risky over 90 days horizon | |
| Legacy Education appears to be risky and price may revert if volatility continues | |
| Legacy Education currently holds 4.84 M in liabilities with Debt to Equity (D/E) ratio of 8.18, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Legacy Education has a current ratio of 0.1, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Legacy Education's use of debt, we should always consider it together with its cash and equity. | |
| Legacy Education has a poor financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Acquisition by Derose Robert of 1000 shares of Legacy Education at 6.83 subject to Rule 16b-3 |
Legacy Education 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 Legacy Stock often depends not only on the future outlook of the current and potential Legacy Education'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 Education's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.6 M | |
| Cash And Short Term Investments | 10.4 M |
Legacy Education Technical Analysis
Legacy Education's future price can be derived by breaking down and analyzing its technical indicators over time. Legacy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legacy Education. In general, you should focus on analyzing Legacy Stock price patterns and their correlations with different microeconomic environments and drivers.
Legacy Education Predictive Forecast Models
Legacy Education's time-series forecasting models is one of many Legacy Education'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 Legacy Education'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 Legacy Education
Checking the ongoing alerts about Legacy Education for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legacy Education help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legacy Education is way too risky over 90 days horizon | |
| Legacy Education appears to be risky and price may revert if volatility continues | |
| Legacy Education currently holds 4.84 M in liabilities with Debt to Equity (D/E) ratio of 8.18, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Legacy Education has a current ratio of 0.1, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Legacy Education's use of debt, we should always consider it together with its cash and equity. | |
| Legacy Education has a poor financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Acquisition by Derose Robert of 1000 shares of Legacy Education at 6.83 subject to Rule 16b-3 |
Additional Tools for Legacy Stock Analysis
When running Legacy Education's price analysis, check to measure Legacy Education'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 Legacy Education is operating at the current time. Most of Legacy Education's value examination focuses on studying past and present price action to predict the probability of Legacy Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Education's price. Additionally, you may evaluate how the addition of Legacy Education to your portfolios can decrease your overall portfolio volatility.